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SDAIA, Samsung Sign MoU to Explore Localization of Digital Technologies, Innovations

SDAIA signed a memorandum of understanding with Samsung Electronics Co. Limited to explore the localization of digital technologies and innovations. (SPA)
SDAIA signed a memorandum of understanding with Samsung Electronics Co. Limited to explore the localization of digital technologies and innovations. (SPA)
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SDAIA, Samsung Sign MoU to Explore Localization of Digital Technologies, Innovations

SDAIA signed a memorandum of understanding with Samsung Electronics Co. Limited to explore the localization of digital technologies and innovations. (SPA)
SDAIA signed a memorandum of understanding with Samsung Electronics Co. Limited to explore the localization of digital technologies and innovations. (SPA)

The Saudi Data and Artificial Intelligence Authority (SDAIA) signed on Wednesday memorandum of understanding with Samsung Electronics Co. Limited to explore the localization of digital technologies and innovations.

The signing ceremony took place during SDAIA's participation in the third edition of the LEAP 2024 technological conference in Riyadh.

The MoU was signed on behalf of SDAIA by the Assistant Director of the National Information Center for the Tawakkalna Saleh bin Salem Musaibah and by Hyun-Dong Lee, the General Manager of Samsung Saudi Electronics Limited.

Cooperation aspects of the memorandum include automatically adding Tawakkalna system applications to all Samsung devices in the Kingdom and providing training services and workshops on the latest technologies used in application development.

Also at LEAP 2024, SDAIA signed an MoU with PwC Middle East to conduct experiments and research on the latest AI technologies.

In addition, SDAIA will create models specifically designed for the Arabic language to establish an advanced virtual laboratory for AI and a generative AI experiments center (GenAI).

CEO of Business Development Raed bin Faleh Al-Faleh signed on behalf of SDAIA, while General Manager Fadi Al-Qamati signed on behalf of PwC Middle East.

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India to Offer $4-$5 Bln in Incentives for Electronics Production, Weaning Off China

A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole
A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole
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India to Offer $4-$5 Bln in Incentives for Electronics Production, Weaning Off China

A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole
A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole

India will offer up to $5 billion in incentives to companies to make components locally for gadgets from mobiles to laptops, two government officials said, in a bid to bolster the burgeoning industry and wean off supplies from China.
India's electronic production has more than doubled in the last six years to $115 billion in 2024, led by growth in mobile manufacturing by global firms such as Apple and Samsung. It is now the world's fourth-largest smart phone supplier.
But the sector faces criticism for its heavy reliance on imported components from countries such as China.
"The new scheme will incentivize production of key components like printed circuit boards that will improve domestic value addition and deepen local supply chains for a range of electronics," one of the two officials said.
The incentives are likely to be offered under a new scheme expected to be launched in two to three months, said the officials, who asked not to be identified as details of the scheme are not yet public.
The scheme is likely to offer incentives totaling between $4-$5 billion to global or local firms which qualify, Reuters reported.
The plan, designed by the India's electronics ministry, has identified components eligible for incentives and is in its final stages.
The finance ministry will approve the scheme's final allocation soon, the first official added, with the sources expecting it to be launched in the next 2-3 months.
India's electronics ministry and finance ministry did not immediately respond to requests for comment.
India is aiming to expand its electronics manufacturing to $500 billion by the fiscal year 2030, including production of components worth $150 billion, according to the government's top policy think tank Niti Aayog.
India imported electronics, telecoms gear, and electrical products worth $89.8 billion in the fiscal year 2024, with more than half sourced from China and Hong Kong, according to an analysis by private think tank GTRI.
"This scheme is coming at a time when it is critical to promote component manufacturing that will help us aim for a global-scale of electronics production," Pankaj Mohindroo, head of India's Cellular and Electronics Association, said.