PIF’s Alat and KACST ink deal to propel Saudi Arabia’s semiconductor industry 

RIYADH: Semiconductor manufacturing in Saudi Arabia is to be boosted by workers from the Kingdom after Public Investment Fund-owned company Alat signed a partnership to drive localization.   

Inked with the King Abdulaziz City for Science and Technology, the deal aims to support national goals for research, development, and innovation in the energy and industry sectors by developing local capabilities, while positioning the Kingdom as a global hub for the strategic semiconductor industry.   

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