logo
Oman advances plans for national semiconductor industry

Oman advances plans for national semiconductor industry

Observer20 hours ago

MUSCAT: Marking a key step in its bid to penetrate the global trillion-dollar semiconductor industry, Oman is preparing to commission an international consultant to chart a strategy for developing a comprehensive ecosystem to support the growth of a domestic semiconductor sector.
On Wednesday, June 11, 2025, the Ministry of Transport, Communications and Information Technology – which is spearheading the establishment of this sector as part of the broader digital economy – invited qualified consultants to bid for an advisory services contract linked to this initiative.
In addition to formulating a blueprint for the establishment of an integrated ecosystem around semiconductor production, the selected consultant will also be required to assist in the development of a Centre of Excellence for Semiconductors and Electronic Chips in Oman.
The consultant's scope of work encompasses, among other requirements, the creation of a master plan and a road map for building an end-to-end semiconductor ecosystem in the country. As part of its remit, the consultancy firm will also study and provide recommendations on the following key areas: Training & Skills Development, Research & Development, Partnership and Network Development, Facility Design and Equipment Planning, and Operational and Financial Sustainability.
Additionally, the company will be responsible for overseeing the rollout of the Centre of Excellence, which will be tasked with attracting FDI into the semiconductor production value chain, facilitating the inflow of technological know-how, creating opportunities for semiconductor design and testing, enabling digital innovation in this strategic industry, and supporting localisation and job creation.
Already, the building blocks of a nascent semiconductor sector are being put in place in Oman.
Earlier this year, the Omani government signed a Memorandum of Understanding (MoU) with AONH Private Holdings, a leading semiconductor manufacturer, to explore the establishment of an advanced AI-based semiconductor chip manufacturing plant in Salalah.
The proposed facility is expected to contribute to the development of national expertise in semiconductor design and manufacturing, create new business opportunities for Omani youth, and attract international talent from leading semiconductor nations such as Taiwan, South Korea, and Japan. This initiative will support the transfer of global expertise and the localisation of advanced semiconductor technologies in Oman.
Sovereign wealth fund Oman Investment Authority is also playing a pivotal role in the development of this vital sector. Its ICT investment arm, ITHCA Group, has acquired a strategic stake in the US-based semiconductor design and services company GSME, which has established an advanced chip design and development lab in Muscat. GSME Oman is supporting the training of a national cadre of young Omanis, who have already successfully designed the first Omani microchips.
Also boding well for the growth of a competitive semiconductor industry in Oman is a 100,000-tonnes-per-annum capacity polysilicon project currently under construction at Sohar Freezone, at a cost of $1.6 billion. Promoted by Oman-based United Solar Holding Inc, the project is expected to supply critical raw materials for, among other industries, semiconductor manufacturing in Oman.
Over the past two years, a number of major international players have expressed interest in Oman's potential as a hub for semiconductor production. In 2023, the Omani government hosted a high-level delegation from South Korea's SK Hynix Inc, the world's second-largest semiconductor company.
Separately, a delegation representing four prominent companies from Taiwan's semiconductor sector – ULVAC Taiwan Inc, MSScorps Co, Ltd, eMemory Technology Inc, and Global Unichip Corp – visited Oman last December.
Caption:
Oman is preparing to commission an international consultant to chart a strategy for developing a comprehensive ecosystem to support the growth of a domestic semiconductor sector

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Oracle shares surge to record high on AI cloud demand
Oracle shares surge to record high on AI cloud demand

Observer

time20 hours ago

  • Observer

Oracle shares surge to record high on AI cloud demand

NEW YORK: Oracle shares surged 14 per cent to breach the $200-mark for the first time on Thursday, after the company raised its annual revenue forecast, driven by strong demand for its AI-related cloud services. Confidence in the software sector remained strong despite geopolitical tensions, even as analysts warn that US President Donald Trump's tariffs could undermine Big Tech's AI investments. Earlier this year, Oracle, whose cloud offerings help companies build their AI infrastructure, announced a joint venture called Stargate to deliver large-scale computing capabilities to OpenAI. "Oracle's once-stodgy image levels up to 'cloud-native mage,' and the competitive map now looks less like a classic three-player real time strategy and more like a battle-royale with everyone dropping in, looking for compute loot", said Michael Ashley Schulman, partner at Running Point Capital Advisors. Oracle expects total revenue to be at least $67 billion for fiscal 2026, CEO Safra Catz said on a post-earnings call. The Texas-based company's cloud services quarterly revenue rose 14 per cent to $11.70 billion. Its overall revenue of $15.90 billion beat estimates of $15.59 billion. At least nine brokerages have raised their price target post-earnings. Oracle trades at a forward price-to-earnings ratio of 25.86, compared to rivals Microsoft at 31.34 and Amazon at 31.80, according to data compiled by LSEG. Microsoft's stock has gained 12.16 per cent, while Amazon's has decreased by 2.8 per cent so far this year. "ORCL has entered an entirely new wave of enterprise popularity that it has not seen since the Internet era in the late 90s," analysts at Piper Sandler added. Shares of the company were last trading at $201.38. - Reuters

Capital markets key to Oman Vision 2040
Capital markets key to Oman Vision 2040

Observer

time20 hours ago

  • Observer

Capital markets key to Oman Vision 2040

MUSCAT: A key conference spotlighting Oman's Capital Market opened here yesterday, Thursday, June 12, under the auspices of Dr Said bin Mohammed al Saqri, Minister of Economy. The 'Oman Capital Market' conference was organised by the Gulf Cooperation Market Association (GCMA) in collaboration with Muscat Stock Exchange (MSX), and financial firm State Street. In his opening remarks, Faisal al Nabhani, Managing Director and Country Lead of Oman and Qatar - State Street, highlighted the significance of the conference. "As the GCC continues to attract global clients, talent, and innovation, the role of capital markets becomes ever more critical. From renewable energy and logistics to the data economy, the GCC is poised to lead in the industries of tomorrow. Capital markets will be an enabler, enhancing liquidity, improving resource allocation, and accelerating the transition to a more diversified and resilient economic model,' he shared. Al Nabhani further added: "(This conference) is a platform to share insights, explore opportunities, and shape the future of capital markets individually.' Haitham bin Salem al Salmi, CEO – MSX, speaking at the conference Haitham bin Salem al Salmi, Chief Executive Officer of MSX, highlighted the significant role capital markets play in actualising Oman Vision 2040, '(Oman) is (moving) towards a more diversified economy. (The government is) more focused on raising direct foreign investments in Oman and, of course, partnering with the private sector. With these three main pillars, we understand that the capital market is the right venue for such partnerships and for initiatives that will support Oman Vision 2040.' He added that recent IPO activity signalled a growing momentum in the market. 'With a clear pipeline from the government to divest — having five major divestments and IPOs in the country — that has created a market cap that touched RO 28.40 billion currently. This has been a key driver, bringing more activity, with trading values close to RO 700 million from the new IPOs alone. We believe that we have (demonstrated) a major impact and clear proof that Oman's capital market is well-equipped to absorb opportunities, finance projects and provide exit tools for investors as well,' he shared. The one-day conference also included addresses on local, regional and global economics, along with an overview of the current landscape. Additionally, it included three main panel discussions highlighting topics such as the future vision of Oman's Capital Market, debt finance for Omani companies, and opportunities within a regional capital market.

Oman advances plans for national semiconductor industry
Oman advances plans for national semiconductor industry

Observer

time20 hours ago

  • Observer

Oman advances plans for national semiconductor industry

MUSCAT: Marking a key step in its bid to penetrate the global trillion-dollar semiconductor industry, Oman is preparing to commission an international consultant to chart a strategy for developing a comprehensive ecosystem to support the growth of a domestic semiconductor sector. On Wednesday, June 11, 2025, the Ministry of Transport, Communications and Information Technology – which is spearheading the establishment of this sector as part of the broader digital economy – invited qualified consultants to bid for an advisory services contract linked to this initiative. In addition to formulating a blueprint for the establishment of an integrated ecosystem around semiconductor production, the selected consultant will also be required to assist in the development of a Centre of Excellence for Semiconductors and Electronic Chips in Oman. The consultant's scope of work encompasses, among other requirements, the creation of a master plan and a road map for building an end-to-end semiconductor ecosystem in the country. As part of its remit, the consultancy firm will also study and provide recommendations on the following key areas: Training & Skills Development, Research & Development, Partnership and Network Development, Facility Design and Equipment Planning, and Operational and Financial Sustainability. Additionally, the company will be responsible for overseeing the rollout of the Centre of Excellence, which will be tasked with attracting FDI into the semiconductor production value chain, facilitating the inflow of technological know-how, creating opportunities for semiconductor design and testing, enabling digital innovation in this strategic industry, and supporting localisation and job creation. Already, the building blocks of a nascent semiconductor sector are being put in place in Oman. Earlier this year, the Omani government signed a Memorandum of Understanding (MoU) with AONH Private Holdings, a leading semiconductor manufacturer, to explore the establishment of an advanced AI-based semiconductor chip manufacturing plant in Salalah. The proposed facility is expected to contribute to the development of national expertise in semiconductor design and manufacturing, create new business opportunities for Omani youth, and attract international talent from leading semiconductor nations such as Taiwan, South Korea, and Japan. This initiative will support the transfer of global expertise and the localisation of advanced semiconductor technologies in Oman. Sovereign wealth fund Oman Investment Authority is also playing a pivotal role in the development of this vital sector. Its ICT investment arm, ITHCA Group, has acquired a strategic stake in the US-based semiconductor design and services company GSME, which has established an advanced chip design and development lab in Muscat. GSME Oman is supporting the training of a national cadre of young Omanis, who have already successfully designed the first Omani microchips. Also boding well for the growth of a competitive semiconductor industry in Oman is a 100,000-tonnes-per-annum capacity polysilicon project currently under construction at Sohar Freezone, at a cost of $1.6 billion. Promoted by Oman-based United Solar Holding Inc, the project is expected to supply critical raw materials for, among other industries, semiconductor manufacturing in Oman. Over the past two years, a number of major international players have expressed interest in Oman's potential as a hub for semiconductor production. In 2023, the Omani government hosted a high-level delegation from South Korea's SK Hynix Inc, the world's second-largest semiconductor company. Separately, a delegation representing four prominent companies from Taiwan's semiconductor sector – ULVAC Taiwan Inc, MSScorps Co, Ltd, eMemory Technology Inc, and Global Unichip Corp – visited Oman last December. Caption: Oman is preparing to commission an international consultant to chart a strategy for developing a comprehensive ecosystem to support the growth of a domestic semiconductor sector

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store