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.



AI Cloud Provider SMC Plans Global Rollout

People attend a media tour of Sustainable Metal Cloud's Sustainable AI Factory in Singapore July 25, 2024. REUTERS/Caroline Chia/File Photo Purchase Licensing Rights
People attend a media tour of Sustainable Metal Cloud's Sustainable AI Factory in Singapore July 25, 2024. REUTERS/Caroline Chia/File Photo Purchase Licensing Rights
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AI Cloud Provider SMC Plans Global Rollout

People attend a media tour of Sustainable Metal Cloud's Sustainable AI Factory in Singapore July 25, 2024. REUTERS/Caroline Chia/File Photo Purchase Licensing Rights
People attend a media tour of Sustainable Metal Cloud's Sustainable AI Factory in Singapore July 25, 2024. REUTERS/Caroline Chia/File Photo Purchase Licensing Rights

Singapore-headquartered AI cloud provider Sustainable Metal Cloud (SMC) is planning to expand globally as its sees fast-growing demand for its energy saving technology, its CEO said on Thursday.

"Due to client demand, we’re looking to expand in EMEA (Europe Middle East and Africa) and North America," CEO and co-founder Tim Rosenfield said, Reuters reported.

The startup, a partner of AI chip giant Nvidia, already operates what it calls "sustainable AI factories" in Australia and Singapore and is set to launch in India and Thailand.

Its clients in Singapore, where it operates over 1,200 of Nvidia's high-end H100 AI chips, include Facebook owner Meta who uses SMC's cloud to run its Llama 2 AI model.

While most data centres depend on air cooling technology, SMC uses immersion technology, submerging servers from Dell fitted with GPUs (graphics processing units) from Nvidia in a synthetic oil called polyalphaolefin to draw heat away faster.

The technology behind the approach reduces energy consumption by up to 50% compared to traditional air cooling, according to the CEO.

Demand for AI is expected to increase 10-fold compared with 2023, according to the International Energy Agency (IEA).

The electricity consumption of data centres globally is expected to top 1,000 terawatt-hours in 2026, roughly equivalent to Japan's total annual consumption, the IEA said in March.

SMC is currently raising $400 million in equity and $550 million in debt according to a source with direct knowledge of the matter.

The company declined to comment. The fundraising was first reported by Bloomberg.