Saudi Arabia’s Chip Design Ambitions Take Shape With New Hub
- Kingdom wants to draw 50 companies to the country by 2030
- Not trying to challenge Nvidia or Intel, head of new hub says
The initiative underscores the increasing importance of semiconductors for Saudi Arabia as it seeks to tap into new industries.
Photographer: Dario Pignatelli/BloombergThis article is for subscribers only.
Saudi Arabia launched a new strategy aimed at making itself a hub for semiconductor design as the country looks to develop the industry as a means to diversify its economy away from crude oil.
The kingdom announced the National Semiconductor Hub Wednesday to develop so-called fabless chip companies that design new semiconductors.