Saudi Arabia backs Groq with $1.5bn to strengthen AI infrastructure

user icon
GHADA.ISMAIL
calender icon
Feb 13, 2025
article image

Riyadh – Sharikat Mubasher: U.S. semiconductor startup Groq announced on Monday a $1.5 billion investment commitment from Saudi Arabia to expand the delivery of its advanced AI chips in the region.

Founded by a former Alphabet AI chip engineer, Groq specializes in AI inference chips designed for high-speed performance and efficient execution of pre-trained models. The startup already collaborates with Aramco Digital, the technology arm of Aramco, with the two companies establishing a key AI hub in Saudi Arabia last December.

According to Reuters, Groq revealed plans to use the funds to expand its data center in Dammam this year. While its chips are subject to U.S. export controls, the company confirmed it has secured the necessary licenses for shipping.

The announcement was made at Saudi Arabia’s LEAP 2025 event, where $14.9 billion in new AI investments were unveiled.


Share

Related News

Kafalah expects SME loans to reach SAR 24 bn by year-end
News
Calendar Icon
November 4, 2025
Kafalah expects SME loans to reach SAR 24 bn by year-end
Read More
Stream closes $4mn seed round to transform business payments in MENA
News
Calendar Icon
November 3, 2025
Stream closes $4mn seed round to transform business payments in MENA
Read More
Tali Ventures leads $6mn Series A round in Bonat
News
Calendar Icon
November 3, 2025
Tali Ventures leads $6mn Series A round in Bonat
Read More
Rmz.ai raises 100K in pre-seed round to develop AI assistants
News
Calendar Icon
October 30, 2025
Rmz.ai raises 100K in pre-seed round to develop AI assistants
Read More
WTDcare closes pre-seed round to redefine digital healthcare in Saudi Arabia
News
Calendar Icon
October 30, 2025
WTDcare closes pre-seed round to redefine digital healthcare in Saudi Arabia
Read More
Logexa secures $2mn to accelerate expansions in Saudi market
News
Calendar Icon
October 29, 2025
Logexa secures $2mn to accelerate expansions in Saudi market
Read More
Red Sea Global lands SAR 6.5 bn green loan to develop AMAALA
News
Calendar Icon
October 29, 2025
Red Sea Global lands SAR 6.5 bn green loan to develop AMAALA
Read More
Arabic AI startup Velents raises $1.5mn to launch Agent.sa
News
Calendar Icon
October 27, 2025
Arabic AI startup Velents raises $1.5mn to launch Agent.sa
Read More
Najeeb.ai secures pre-seed funding to power AI-driven insurance in Kingdom
News
Calendar Icon
October 27, 2025
Najeeb.ai secures pre-seed funding to power AI-driven insurance in Kingdom
Read More
Squadio raises SAR 11 mn pre-series A to power global expansion
News
Calendar Icon
October 26, 2025
Squadio raises SAR 11 mn pre-series A to power global expansion
Read More