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- Saudi AI firm Alat would divest from China if the US requests it, CEO Amit Midha told Bloomberg.
- Saudi Arabia has been pouring billions into AI and semiconductor initiatives in an attempt to become a major hub.
- Concerns have grown that Middle Eastern ties offered China a way to access advanced technologies.
A new state-backed Saudi Arabian fund centered on semiconductor and AI technology has guaranteed that it would divest from China if Washington requests it.
"US is the number one market, US is the number one partner, and we hope we can partner more deeply," Alat CEO Amit Midha told Bloomberg during the Milken Institute Global Conference.