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

Jazr.io attracts new investment to integrate AI into its platform
News
Calendar Icon
September 22, 2026
Jazr.io attracts new investment to integrate AI into its platform
Read More
Paymob raises $35mn pre-Series C round to accelerate MENA expansions
News
Calendar Icon
September 21, 2026
Paymob raises $35mn pre-Series C round to accelerate MENA expansions
Read More
Arep secures pre-seed funding from Golden Assets to fuel product development
News
Calendar Icon
September 21, 2026
Arep secures pre-seed funding from Golden Assets to fuel product development
Read More
Aramco Ventures participates in $53mn seed funding for Hang Ten Systems
News
Calendar Icon
September 17, 2026
Aramco Ventures participates in $53mn seed funding for Hang Ten Systems
Read More
Rize lands SAR 187.5mn Murabaha Facility to finance rental portfolio
News
Calendar Icon
September 17, 2026
Rize lands SAR 187.5mn Murabaha Facility to finance rental portfolio
Read More
Tali Ventures invests in Bahraini investment platform Tanami Capital
News
Calendar Icon
September 17, 2026
Tali Ventures invests in Bahraini investment platform Tanami Capital
Read More
barq hits $1.85bn valuation after $329.5mn Series A Round
News
Calendar Icon
September 16, 2026
barq hits $1.85bn valuation after $329.5mn Series A Round
Read More
Saudi ConTech firm BRKZ secures $31mn to fuel next growth phase
News
Calendar Icon
September 14, 2026
Saudi ConTech firm BRKZ secures $31mn to fuel next growth phase
Read More
Synapse Analytics secures $13mn Series A led by Partech
News
Calendar Icon
September 14, 2026
Synapse Analytics secures $13mn Series A led by Partech
Read More
Tabby closes $233mn Series F round at $6.5bn valuation
News
Calendar Icon
September 14, 2026
Tabby closes $233mn Series F round at $6.5bn valuation
Read More