A very exciting company to watch: Alat
It is Saudi Arabia's ambition to build a world-class manufacturing hub in the Kingdom through next-generation technologies and sustainable practices.
Alat, headquartered in Riyadh, has been established to create a global champion in electronics and advanced industrial segments and mandated to create world class manufacturing enabled by global innovation and technology leadership. Alat is partnering with global technology leaders to transform industries like semiconductors, smart devices and next-gen infrastructure while establishing world class businesses in the Kingdom, powered by clean energy.
They have received $100 Billion USD in funding from the Saudi Arabia Public Investment Fund (PIF).
Alat is led by His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz Al-Saud who is the Crown Prince and Prime Minister of the Kingdom of Saudi Arabia
On the Alat Executive Leadership team is Ross Jatou, President of their Semiconductors Business unit. He only formally announced his appointment yesterday.
Ross came from Onsemi where he was for 8 years and the Senior Vice President and General Manager of their Intelligent Sensing Group. He was with Nvidia for 14 years prior to Onsemi.
Ross is well aware of BrainChip where he re-posted this on LinkedIn 3 weeks ago.
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Watch the Alat CEO video here
https://www.alat.com/en/about/what-is-alat/
Alat has partnered for a joint venture with Softbank
Alat and SoftBank Group form a strategic partnership to manufacture groundbreaking industrial robots in the Kingdom | SoftBank Group Corp.
“The new JV will build industrial robots based on intellectual property developed by SoftBank Group and its affiliates that will perform tasks with minimal additional programming, that are ideally suited for industrial assembly and applications in manufacturing and production. The robot manufacturing factory that the JV will create in the Kingdom is a lighthouse factory, that will use the latest technology to manufacture unprecedented next generation robots to perform a wide variety of tasks”. The first factory is targeted to open in December 2024.
This is what Alex Divinsky (Ticker Symbol You) posted about Alat earlier today.
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https://www.linkedin.com/posts/acti...qv?utm_source=share&utm_medium=member_desktop
Chippers, it would be massive if we got in with Alat !
And I’ve got positive vibes about it.
DYOR.