Saudi Arabia’s Investment Fund to Divest from China If Asked by US
In a recent interview, Amit Midha, CEO of Alat, the new investment fund for semiconductor and artificial intelligence technology in Saudi Arabia, stated that the country would divest from China if requested by the US. The Public Investment Fund has backed Alat with a significant $100 billion in capital, highlighting the importance of this decision.
US-Saudi Talks on Technology Partnership
Reports suggest that US officials have urged Saudi Arabian counterparts to choose between Chinese and American technology as they work to develop the Saudi semiconductor industry. This move is part of broader discussions on national security issues, indicating the strategic importance of technology partnerships in the region.
Saudi Arabia’s Quest for Regional Technological Leadership
Saudi Arabia’s aspirations to lead in advanced technology, including data centers, AI companies, and semiconductor manufacturing, align with the US stance on preventing China from gaining access to sensitive technologies via intermediary countries. The focus on establishing secure partnerships with US firms underscores the significance of this endeavor.
Collaborations with US Tech Firms and Investment Plans
Alat is set to announce partnerships with two US tech companies by the end of June and is planning to co-invest with a US investment firm. This move signifies the commitment to aligning with trusted partners in the US, highlighting the strategic importance of these collaborations to drive technological advancements in Saudi Arabia.
Conclusion
Given the current geopolitical landscape and the increasing emphasis on national security concerns in technology partnerships, the decision by Saudi Arabia to potentially divest from China if requested by the US raises important questions about the future of global technology alignments.
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