Saudi Arabia Launches National Semiconductor Hub
By the end of this June, Saudi Arabia's Alat, backed by the Public Investment Fund (PIF), is set to collaborate with two prominent US technology companies to advance semiconductor technologies and next-generation infrastructure in the kingdom.
Saudi Arabia has inaugurated a National Semiconductor Hub with the aim of attracting at least 50 semiconductor design firms in the kingdom by 2030. These firms will be able to benefit from a $266.5 million technology fund, supported by deep tech venture capital firms.[1]
The hub plans to include more than 25 experts in the field through an exclusive residency program and aims to train over 5,000 engineers in semiconductor design by the end of the decade.
Unveiled during the third edition of the Future of Semiconductors forum in Riyadh, the initiative also pledges SAR 150 million ($39.99 million) to bolster products emerging from the Saudi Arabia National Technology Development Program.
The two-day forum held at KACST convened experts and stakeholders from academia, industry, and government to deliberate on pivotal topics shaping the semiconductor industry’s trajectory.
By the end of June, Saudi Arabia's Alat, backed by the Public Investment Fund (PIF), is set to collaborate with two prominent US technology companies to advance semiconductor technologies and next-generation infrastructure in the kingdom.
It was announced in January that Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), is gearing up for substantial investments in both the semiconductor and space industries.