Qualcomm Technologies, Inc. has entered a strategic partnership with HUMAIN, Saudi Arabia's national artificial intelligence champion, to develop next-generation AI data centers and cloud-to-edge services. The collaboration was formalized through a Memorandum of Understanding signed during the Saudi-US Investment Forum in Riyadh. This partnership aims to establish advanced AI infrastructure in Saudi Arabia, leveraging Qualcomm's cutting-edge CPU and AI solutions. Additionally, the collaboration includes working with Saudi Arabia's Ministry of Communications and Information Technology to set up a Qualcomm Design Center, supporting semiconductor technology development and training in the Kingdom. This initiative aligns with Saudi Arabia's Vision 2030 to become a global hub for AI and semiconductor design.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.