Frederic Ozeir On Semiconductors Industry In Saudi Arabia

In the rapidly evolving world of technology, semiconductors play a pivotal role as the foundation of modern innovation and economic growth. With the goal to enhance technological independence, economic diversification, and national sovereignty, Saudi Arabia has launched a billion-riyal investment fund dedicated to semiconductor companies, and established the National Semiconductor Hub.

In an interview with Arab News, Frederic Ozeir, IMEA head of Automotive and Manufacturing Industries, outlined the strategic approach for the coming years: “Saudi Arabia should adopt an integrated, cluster-based approach to develop its semiconductor industry. Initially, this involves front-end manufacturing, backward integration into wafer production and design, and then expanding capacity to forward-integrate into leading-edge fabrication and back-end manufacturing in the medium term. The Kingdom could also implement supportive policies similar to leading semiconductor nations, combining direct grants for FDI, low-interest loans, investment tax credits, and sovereign funds that boost international investments.”

As the Kingdom continues to advance its semiconductor capabilities, it stands poised to play a significant role in driving innovation and shaping the next generation of high-tech industries worldwide.

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