{"id":98046,"date":"2025-06-22T00:00:00","date_gmt":"2025-06-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/"},"modified":"2025-06-22T00:00:00","modified_gmt":"2025-06-22T00:00:00","slug":"us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/","title":{"rendered":"US-based Kneron lands Saudi grant to power AI chip push in Riyadh"},"content":{"rendered":"

STARTUP WATCH-<\/p>\n

US-<\/strong>based AI company <\/strong>Kneron<\/a><\/strong> received a non-equity government grant to support <\/strong>its <\/strong>expansion in<\/strong> the Kingdom<\/strong>, it said in a press release<\/a> on Wednesday. This will support its plans \u2014 reported last October<\/a> \u2014 to open a local subsidiary in Riyadh to develop and commercialize its AI chips, building on its partnership with the National Semiconductor Hub.<\/p>\n

The AI chip developer was also selected for the Kingdom\u2019s Relocate initiative by the<\/strong> National Technology Development Program<\/a><\/strong>, which aims to set the Kingdom as a global technology hub by drawing in at least 50 semiconductor design firms and training 20k AI specialists by 2030.<\/p>\n

\n

DEBT WATCH- <\/p>\n

#1-<\/strong> First Mills to f<\/strong>und growth via credit boost from SIDF:<\/strong> Tadawul-listed First Mills<\/a> inked a SAR 69.4 mn credit facility agreement with the Saudi Industrial Development Fund (SIDF) to bankroll upcoming capex-heavy projects as part of its growth plans, it said in a disclosure to the exchange<\/a> on Thursday.<\/p>\n

The terms: <\/strong>The shariah-compliant loan will be repaid over six years in 12 semi-annual installments starting February 2027, following a two-year grace period.<\/p>\n

\n

\n

#2-<\/strong> SIDC logistics u<\/strong>nit lined up fresh financing:<\/strong> Emtedad Logistics Services, the logistics arm of the Saudi Industrial Development Company<\/a> (SIDC), secured a SAR 10 mn shariah-compliant credit facility from the Social Development Bank, the company said in a filing to Tadawul<\/a> on Thursday. The five-year funding is earmarked for capital expansions.<\/p>\n

.<\/p>\n

HEALTHCARE-<\/p>\n

KAFD<\/strong> gets a mental health center:<\/strong> Alkalma, a JV between UAE-based healthcare provider Burjeel Holdings<\/a> and Colombia\u2019s Keralty<\/a>, launched a mental health center in Riyadh\u2019s King Abdullah Financial District (KAFD) via integrating with Aspris Healthcare<\/a> facilities, the ADX-listed company said in a statement<\/a> on Friday. Financial details remain undisclosed.<\/p>\n

ICYMI-<\/strong> Alkalma was established in June 2024<\/a>, targeting to reach some 30 mn patients over the coming decade. The company announced plans to expand to countries beyond Saudi Arabia, including the UAE and North Africa.<\/p>\n

\n

FINANCIAL SERVICES-<\/p>\n

Sharaka<\/a><\/strong>Financial<\/a><\/strong> is now officially licensed to offer advising services in <\/strong>the securities <\/strong>business<\/strong>, having received approval in April and completed all regulatory requirements, according to a statement<\/a> by the Capital Market Authority.<\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS: First Mills gets SAR 69.4 mn SIDF loan for expansion<\/p>\n","protected":false},"author":1,"featured_media":98047,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,1356,10,365,13,3740,4342],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-98046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-burjeel-holdings","tag-enterpriseam-ksa","tag-first-mills","tag-healthcare","tag-madinah-regional-municipality","tag-mental-health","wpautop","entry"],"acf":{"mongo_id":"06c1759a-1962-41e1-9ca8-6114e2760b7c","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/1187.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Kneron receives Saudi grant to launch AI chip hub","related_issue":[98028],"teaser":"PLUS: First Mills gets SAR 69.4 mn SIDF loan for expansion","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.f33cde48-1e2d-47c2-9c43-995c50fb9516.mp3"},"yoast_head":"\nUS-based Kneron lands Saudi grant to power AI chip push in Riyadh - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US-based Kneron lands Saudi grant to power AI chip push in Riyadh\" \/>\n<meta property=\"og:description\" content=\"PLUS: First Mills gets SAR 69.4 mn SIDF loan for expansion\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-22T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1187.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"US-based Kneron lands Saudi grant to power AI chip push in Riyadh\",\"datePublished\":\"2025-06-22T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/\"},\"wordCount\":359,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1187.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"Burjeel Holdings\",\"EnterpriseAM KSA\",\"First Mills\",\"healthcare\",\"Madinah Regional Municipality\",\"mental health\"],\"articleSection\":[\"ALSO ON OUR RADAR\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/\",\"name\":\"US-based Kneron lands Saudi grant to power AI chip push in Riyadh - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1187.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-06-22T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1187.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1187.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"US-based Kneron lands Saudi grant to power AI chip push in Riyadh\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"US-based Kneron lands Saudi grant to power AI chip push in Riyadh - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/","og_locale":"en_US","og_type":"article","og_title":"US-based Kneron lands Saudi grant to power AI chip push in Riyadh","og_description":"PLUS: First Mills gets SAR 69.4 mn SIDF loan for expansion","og_url":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/","og_site_name":"KSA","article_published_time":"2025-06-22T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1187.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"US-based Kneron lands Saudi grant to power AI chip push in Riyadh","datePublished":"2025-06-22T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/"},"wordCount":359,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1187.jpg?fit=%2C&ssl=1","keywords":["ALSO ON OUR RADAR","Burjeel Holdings","EnterpriseAM KSA","First Mills","healthcare","Madinah Regional Municipality","mental health"],"articleSection":["ALSO ON OUR RADAR"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/","url":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/","name":"US-based Kneron lands Saudi grant to power AI chip push in Riyadh - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1187.jpg?fit=%2C&ssl=1","datePublished":"2025-06-22T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1187.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1187.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/22\/us-based-kneron-lands-saudi-grant-to-power-ai-chip-push-in-riyadh\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"US-based Kneron lands Saudi grant to power AI chip push in Riyadh"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1187.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1187.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1187.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/98046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=98046"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/98046\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/98028"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/98047"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=98046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=98046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=98046"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=98046"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=98046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}