ITHCA invests in semiconductor technology
Muscat: ITHCA Group on Tuesday signed an investment agreement with US firm Lumotive in the field of programmable semiconductors.
The agreement was signed Eng. Said Abdullah Al Mandhari, CEO of ITHCA Group, and Sam Heidari, CEO of Lumotive.
The investment constitutes a strategic step in the march of ITHCA group, boosting its role in supporting global innovators and backing the Sultanate of Oman's semiconductor ambitions. It also aligns with Oman's national digital transition plan under Vision 2040, which seeks to promote Oman as a regional hub for advanced technologies and knowledge-based economy.
Lumotive has received international recognition, including three CES Innovation Awards and an advanced place on the "Next Big Thing in Tech" list. This affirms the US firm's role as a game changer in the field of optical semiconductors.
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