Photo by AFP/Scanpix.
The artificial intelligence (AI) and semiconductor investment arm of Saudi Arabia’s oil fund says it is ready to divest itself of Chinese technology if the US is worried about it.
The USA, in the context of wider conversations on national security issues, informed its colleagues in Saudi Arabia that they will have to choose between Chinese and American technologies when creating an oil semiconductor industry.
So far, it has been fun to separate production and supply chains, but if the partnership with China becomes a problem in the US, we will withdraw from it, says Amit Midha, head of investment company Alat.
Alat invests 100 billion USD capital i Saudi Arabian sovereign wealth fund PIF (eng. Public Investment Fund), that is, the oil of the oil fund.
We are looking for a reliable, safe partnership in the US, Bloomberg said A. Midha.
He emphasized that the USA is his main partner and main market in the fields of AI, chips and semiconductors. Saudi Arabia aims for regional leadership in these sectors and aims to create data centers, AI companies and semiconductor production.
The US worries that Middle Eastern countries such as Saudi Arabia or the United Arab Emirates could give China access to technology that oil companies cannot acquire in the US.
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