Saudi Arabia Eyes Chipmakers for Diversification ...Middle East

Saudi Arabia is taking its economic diversification seriously. With oil prices increasingly unpredictable and disconnected from its energy policies, the Kingdom is looking for fresh growth opportunities elsewhere—including in semiconductors. This week saw the third edition of the Saudi Future Semiconductors Forum, the aim of which is to promote Saudi Arabia as a chip manufacturing destination and help it build a digital economy. At the event, the Saudi state announced the establishment of an investment fund worth some…

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