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Ministry of Communications Unveils Roadmap for Building Deep Tech Ecosystem in Saudi Arabia

Ministry of Communications Unveils Roadmap for Building Deep Tech Ecosystem in Saudi Arabia
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Ministry of Communications Unveils Roadmap for Building Deep Tech Ecosystem in Saudi Arabia

Ministry of Communications Unveils Roadmap for Building Deep Tech Ecosystem in Saudi Arabia

The Ministry of Communications and Information Technology (MCIT), in partnership with King Abdullah University of Science and Technology (KAUST) and in collaboration with "Hello Tomorrow," has launched the Deep Tech Report, highlighting the current state and future prospects of the deep tech ecosystem in Saudi Arabia and key initiatives supporting the goals of Saudi Vision 2030.

The report aims to shed light on the opportunities and potential in this vital sector, recognized as a cornerstone for advancing the digital economy and sustainable development, reported the Saudi Press Agency on Monday.

It focuses on five primary pillars of Saudi Arabia’s deep tech ecosystem: deep tech ecosystem, investment, infrastructure and ecosystem enablers, talent, and policies, regulations, and government incentives. It also emphasizes the role of research, development, and innovation in positioning Saudi Arabia as a global hub for advanced technologies.

The report reveals significant growth in the deep tech sector, with 50% of startups focusing on artificial intelligence (AI) and the Internet of Things (IoT). There are more than 43 high-growth startups driving innovation in the Kingdom, collectively securing over $987 million in funding in 2022, supported by 104 investors. Additionally, the number of researchers in Saudi Arabia has risen by 75% since 2015, reflecting the nation’s commitment to advancing research and development.

Vice Minister for Technology Mohammed Robayan stated that the report represents an important step in strengthening Saudi Arabia’s position as a global destination for advanced technologies. By prioritizing innovation and investing in talent and infrastructure, the Kingdom aims to build an integrated ecosystem that supports digital transformation and sustainable development.

He encouraged stakeholders in the public and private sectors, particularly academic institutions and investors, to leverage the report’s insights to create a roadmap that fosters innovation and contributes to achieving the goals of Saudi Vision 2030.

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US May Target Samsung, Hynix, TSMC Operations in China

A man walks past the logo of Samsung Electronics displayed outside the company's Seocho building in Seoul on April 30, 2025. (Photo by Jung Yeon-je / AFP)
A man walks past the logo of Samsung Electronics displayed outside the company's Seocho building in Seoul on April 30, 2025. (Photo by Jung Yeon-je / AFP)
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US May Target Samsung, Hynix, TSMC Operations in China

A man walks past the logo of Samsung Electronics displayed outside the company's Seocho building in Seoul on April 30, 2025. (Photo by Jung Yeon-je / AFP)
A man walks past the logo of Samsung Electronics displayed outside the company's Seocho building in Seoul on April 30, 2025. (Photo by Jung Yeon-je / AFP)

The US Department of Commerce is considering revoking authorizations granted in recent years to global chipmakers Samsung, SK Hynix and TSMC, making it more difficult for them to receive US goods and technology at their plants in China, according to people familiar with the matter.

The chances of the United States withdrawing the authorizations are unclear. But with such a move, it would be harder for foreign chipmakers to operate in China, where they produce semiconductors used in a wide range of industries, Reuters said.

A White House official said the United States was "just laying the groundwork" in case the truce reached between the two countries fell apart. But the official expressed confidence that the trade agreement would go forward and that rare earths would flow from China, as agreed.

"There is currently no intention of deploying this tactic," the official said. "It's another tool we want in our toolbox in case either this agreement falls through or any other catalyst throws a wrench in bilateral relations."

Shares of US chip equipment makers that supply plants in China fell when the Wall Street Journal first reported the news earlier on Friday. KLA Corp dropped 2.4%, Lam Research fell 1.9% and Applied Materials sank 2%. Shares of Micron, a major competitor to Samsung and SK Hynix in the memory chip sector, rose 1.5%.

A TSMC spokesman declined comment. Samsung and Hynix did not immediately respond to requests for comment. Lam Research, KLA and Applied Materials did not immediately respond, either.

In October 2022, after the United States placed sweeping restrictions on US chipmaking equipment to China, it gave foreign manufacturers like Samsung and Hynix letters authorizing them to receive goods.

In 2023 and 2024, the companies received what is known as Validated End User status in order to continue the trade.

A company with VEU status is able to receive designated goods from a US company without the supplier obtaining multiple export licenses to ship to them. VEU status enables entities to receive US-controlled products and technologies "more easily, quickly and reliably," as the Commerce Department website puts it.

The VEU authorizations come with conditions, a person familiar with the matter said, including prohibitions on certain equipment and reporting requirements.

“Chipmakers will still be able to operate in China," a Commerce Department spokesperson said in a statement when asked about the possible revocations. "The new enforcement mechanisms on chips mirror licensing requirements that apply to other semiconductor companies that export to China and ensure the United States has an equal and reciprocal process.”

Industry sources said that if it became more difficult for US semiconductor equipment companies to ship to foreign multinationals, it would only help domestic Chinese competitors.

"It’s a gift," one said.