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

Declic secures $1mn in seed funding to accelerate regional expansion
News
Calendar Icon
January 27, 2026
Declic secures $1mn in seed funding to accelerate regional expansion
Read More
Property Finder raises $170mn in funding led by Mubadala
News
Calendar Icon
January 27, 2026
Property Finder raises $170mn in funding led by Mubadala
Read More
Vennre raises SAR 36 mn pre-series A round to expand in Saudi Arabia
News
Calendar Icon
January 27, 2026
Vennre raises SAR 36 mn pre-series A round to expand in Saudi Arabia
Read More
Mantas raises $1.77mn to back businesses against cloud outages
News
Calendar Icon
January 27, 2026
Mantas raises $1.77mn to back businesses against cloud outages
Read More
Rkiza secures SAR 500K in pre-seed round led by angel investors
News
Calendar Icon
January 26, 2026
Rkiza secures SAR 500K in pre-seed round led by angel investors
Read More
Juthor raises SAR 1.8 mn pre-Seed to empower merchants with smart infrastructure
News
Calendar Icon
January 26, 2026
Juthor raises SAR 1.8 mn pre-Seed to empower merchants with smart infrastructure
Read More
Qarah closes new funding round to scale Saudi water services
News
Calendar Icon
January 25, 2026
Qarah closes new funding round to scale Saudi water services
Read More
Saudi GulfBoost closes SAR 5 mn pre-seed round
News
Calendar Icon
January 21, 2026
Saudi GulfBoost closes SAR 5 mn pre-seed round
Read More
KNOT secures $1mn pre-seed led by A15
News
Calendar Icon
January 20, 2026
KNOT secures $1mn pre-seed led by A15
Read More
Grove closes $5mn seed funding round led by Outliers VC
News
Calendar Icon
January 19, 2026
Grove closes $5mn seed funding round led by Outliers VC
Read More