The following is a summary of all announcements from the past month regarding investment deals, partnerships, and other commercial news between U.S. and Saudi companies.
ICT
Aramco has signed a Memorandum of Understanding (MOU) with GCT Semiconductor Holding Inc. (“GCT”) (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, setting the stage for a strategic collaboration that would further develop the 4G/5G ecosystem in Saudi Arabia for both mission-critical and public safety networks.
Saudi Aramco is a member of the Business Council.
Vertiv announces new Middle East HQ in Riyadh
Vertiv, a global leader in critical digital infrastructure and continuity solutions, has announced its new Middle East regional headquarters in Riyadh, Saudi Arabia.
Power & Water
GameChange Solar, JZNEE to build 3 GW tracker factory in Saudi Arabia
GameChange Solar, a Connecticut-based supplier of solar tracking solutions for ground-mounted PV plants, is teaming up with China-based PV manufacturer Jiangsu Zhenjiang New Energy Equipment (JZNEE) to build a 3 GW tracker factory in Dammam, Saudi Arabia.
Oil, Gas, & Petrochemicals
