Saudi Arabia: KACST Signs 13 Partnership Agreements to Build Semiconductor System

KACST signed 13 local and international strategic partnerships to build the semiconductor system. SPA
KACST signed 13 local and international strategic partnerships to build the semiconductor system. SPA
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Saudi Arabia: KACST Signs 13 Partnership Agreements to Build Semiconductor System

KACST signed 13 local and international strategic partnerships to build the semiconductor system. SPA
KACST signed 13 local and international strategic partnerships to build the semiconductor system. SPA

King Abdulaziz City for Science and Technology (KACST) signed 13 local and international strategic partnerships to build the semiconductor system, establish centers of excellence to accelerate technical development in emerging technologies and future communications, and qualify national cadres, as part of the work of LEAP tech conference.

KACST's partnerships in the field of localization of the semiconductor industry included, Alat Company, one of the Public Investment Fund (PIF) companies, in which it built and supported the semiconductor system in the Kingdom, while its partnership with the Global Semiconductor Group (GSG) focused on designing electronic chips, building national talents and attracting global competencies and international companies in the field of electronic chip design to the Kingdom market.

In the field of future communications and open networks, KACST through its strategic partnership with the Ministry of Communications and Information Technology, the Research, Development and Innovation Authority (RDIA), the Saudi Telecom Company (STC), and Saudi Aramco, established a national technical and industrial alliance in the fields of 5G and 6G communications technologies and Open RAN, to create an ecosystem to stimulate innovation and entrepreneurship in future communication technologies, ensuring the Kingdom’s global role as a major developer of 6G technologies.

KACST, in partnership with Aramco, the Ministry of Communications and Information Technology, the RDIA, and the National Industrial Development and Logistics Program, launched the Saudi Accelerated Innovation Center to enhance quantum technologies and develop 5G and 6G communications networks.
KACST launched a strategic partnership with Animoca Brands to enhance the application of Web 3 system in the Kingdom, facilitate the arrangement of companies and institutions to enter the Web 3 system, and identify joint research and development projects in blockchain applications, games, artificial intelligence, and metaverse development.
To promote public health, KACST has concluded a strategic partnership with Ascend Solutions Ltd. to develop innovation in the field of digital health and disability research, promote virtual health care, and contribute to building innovative health technologies using AI and Internet of Things technologies.
To localize emerging technologies and build future cities, KACST signed a strategic partnership with Cisco Saudi Arabia Limited Company to establish the Virtual Digital Innovation Center (VDIC).
KACST also signed a strategic partnership with Elm Company, to enhance cooperation in the field of future cities' technologies and emerging technologies, in addition to its partnership with Tulip Technologies Company to enhance cooperation in research and development, and training in the field of robotics, AI, and automation.
To achieve the objectives of the Made in Saudi Program, KACST signed a strategic partnership with CiDi Auto (Hong Kong) Limited, to cooperate in research and development activities related to heavy trucks, future transportation technologies, and smart cities, and to explore the feasibility of supplying the Saudi market with these trucks, and work on research, design and manufacturing of vehicles in the Kingdom to join the international market.
Additionally, the partnership is designed to facilitate the testing and implementation of new technologies in KACST laboratories, establishing laboratories in common fields, and hosting technical companies that focus on research, development and innovation activities.
To boost innovation, KACST has established a partnership with the Hong Kong Cyberport Management Company Limited to develop the infrastructure of science and technology parks in the Kingdom, facilitate the entry of companies from the Kingdom and Hong Kong into potential markets, help them succeed and adapt, and create opportunities for cooperation in digital service platforms and programs to enhance operating efficiency and provide services in science and technology fields.
Regarding developing the skills of national cadres; the Academy 32 at KACST signed a strategic partnership with Cisco Saudi Arabia Limited and Nortal, to transfer knowledge and qualify human cadres in the field of professional certificates in information technology.



BlackBerry Forecasts Lower Annual Revenue due to Weak Demand for Cybersecurity Services

The Blackberry logo is seen on a smarphone in front of a displayed stock graph in this illustration taken February 5, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
The Blackberry logo is seen on a smarphone in front of a displayed stock graph in this illustration taken February 5, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
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BlackBerry Forecasts Lower Annual Revenue due to Weak Demand for Cybersecurity Services

The Blackberry logo is seen on a smarphone in front of a displayed stock graph in this illustration taken February 5, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
The Blackberry logo is seen on a smarphone in front of a displayed stock graph in this illustration taken February 5, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

Canada's BlackBerry forecast a revenue decline in fiscal 2026 on Wednesday, as it anticipated weak spending on its cybersecurity products.

US-listed shares of the Waterloo, Ontario-based company fell 4% in premarket trading.

BlackBerry, once a dominant force in the smartphone market, has transitioned into selling software for devices and autonomous vehicles.

But enterprises are now reining their technology spending and optimizing costs, which in turn is affecting firms like BlackBerry.

The company forecast revenue to be between $504 million and $534 million for the financial year ending in February next year, lower than $534.9 million it reported in fiscal 2025, Reuters reported.

BlackBerry expects its cybersecurity unit, which provides intelligent security software to enterprises and governments, to report annual revenue between $230 million and $240 million, lower than the $272.6 million in the previous financial year.

The company posted revenue of $141.7 million for the fourth quarter, lower than $152.9 million it reported a year ago.

BlackBerry said it completed the sale of the Cylance business, which uses machine learning to preempt security breaches, to Arctic Wolf for $160 million.

The company sold the Cylance business to redirect its focus to high-growth areas, and as the unit required significant levels of investment and was facing strong competition.