A Strategic Move Towards Vision 2030
On September 25, 2025, MemryX, a prominent U.S.-based semiconductor innovator specializing in AI acceleration, announced its expansion into the Kingdom of Saudi Arabia. This significant development builds on its strategic partnership with NEOM and its recent membership in the National Semiconductor Hub. MemryX is poised to enhance its investments in the Kingdom through initiatives focused on hiring, training, and fostering local innovation. The company’s official office in Riyadh, set to open in October 2025, underscores its intent to contribute to Saudi Arabia's Vision 2030, a blueprint aimed at diversifying the economy and reducing dependency on oil.
Furthermore, the Riyadh office will be spearheaded by industry veterans, including the General Manager and Vice President of Business Development & Strategic Partnerships. These leaders are tasked with establishing a development engineering team and a customer engineering team within the country, ensuring direct support for government, enterprise, and academic partners. This local presence not only enhances operational efficiency but also facilitates collaboration with various stakeholders, thereby promoting a robust ecosystem for innovation.
Empowering Local Talent and Driving AI Solutions
Keith Kressin, CEO of MemryX, emphasized the Kingdom's evolving status as a global hub for artificial intelligence and digital transformation. He remarked, "Our investments in the Kingdom reflect not only our belief in its vision, but also our commitment to empower local talent and deliver AI solutions that make communities safer, more secure, and more efficient." This perspective is critical as MemryX prepares for a series of impactful activities in Saudi Arabia, including hosting its Global Board Meeting in Riyadh, participating in the esteemed 2025 Future Investment Initiative (FII) conference, and sponsoring the Saudi AI & Edge Computing Hackathon.
The hackathon, scheduled for October 24–25 at Prince Sultan University, aims to provide Saudi engineers with hands-on experience utilizing MemryX's cutting-edge AI hardware and software solutions. By nurturing the next generation of AI engineers, MemryX not only accelerates the adoption of AI technologies but also deepens partnerships across government, academia, and industry. Through these efforts, MemryX is paving the way for a transformative shift in Saudi Arabia's technological landscape, ultimately contributing to a more innovative and prosperous future.
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