Riyadh - Sharikat Mubasher: Rimal Semiconductors, Saudi Arabia’s first fabless semiconductor design company specializing in high-performance power chips, successfully secured a strategic investment from the KDTF Deep Tech Fund, managed by Keheilan Asset Management.

Rimal will use the investment to accelerate the localization of power semiconductor IP and expand SJ MOSFET, SiC, IGBT, and GaN design programs, the company announced in a recent statement.

The new capital will help the company strengthen regional supply chain resilience and deepen its partnerships across energy, mobility, AI infrastructure, and industrial sectors.

Houssam Salem, CEO of Rimal Semiconductors, emphasized that the company’s mission is to position Saudi Arabia not only as a consumer of technology but as a designer, owner, and innovator of critical semiconductor infrastructure.

For his part, Ahmed Abdelhamid, CEO of Keheilan Asset Management, commented: “We are confident that Rimal will become a cornerstone for numerous semiconductor chips across the entire Arab region. The banking and technical expertise of the founders is precisely what this industry needs now to achieve our strategic investment vision and global competitiveness."

Founded in 2025, Rimal Semiconductors specializes in high-performance chips for energy, mobility, and industrial applications. It is committed to advancing national capabilities in chip development by combining global engineering expertise with a deep investment in local talent.

It is worth noting that Keheilan Asset Management recently announced its plans to launch a deep-tech investment fund in Saudi Arabia later this year with an initial size of $8 million.