Qatar Investment Authority commits to supporting France’s semiconductor sector 

Qatar Investment Authority commits to supporting France’s semiconductor sector 
Qatar Investment Authority commits to supporting France’s semiconductor sector 

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Jeddah - Yasmine El Tohamy - Qatar Investment Authority commits to supporting France’s semiconductor sector 

RIYADH: Qatar will venture into France’s tech industry as a major investment body announced its intent to anchor a financial commitment in Ardian Semiconductor.

This move marks the Qatar Investment Authority’s participation in a pioneering thematic fund designed to enhance the semiconductor industry in Europe. It highlights its role as a preferred financial partner in key technology subsectors, including supply chain developments. 

QIA’s strategic focus on this sector reflects its belief in the critical role semiconductors play in driving digital and green transformations across vital industries such as artificial intelligence, mobility, and consumer technology, according to an official release. 

This initiative is part of QIA’s broader investment strategy to engage with leading businesses at the forefront of innovation.  

Notably, QIA’s interest in the semiconductor value chain includes a recent minority stake in Japan’s Kokusai Electric Corp., a leader in semiconductor manufacturing, taken in June 2023, underscoring its ongoing commitment to significant investments in this area globally. 

Furthermore, on May 13, QIA announced its plan to significantly expand its investment partnership with Bpifrance by as much as €300 million ($323 million), reinforcing their joint commitment to stimulating economic growth and innovation in France.  

This enhancement marks a pivotal development in their collaboration, initially established through the Future French Champions joint venture. 

The first phase of this partnership, concluded in 2021, effectively channeled almost €300 million into supporting job creation, economic development, and particularly bolstering the French small and medium-sized enterprises sector.  

Building on these achievements, both entities progressed to the second phase of their collaboration in January 2023, committing an additional €300 million.  

They now plan to embark on a third phase, pledging up to another €300 million once the current funds are fully deployed.  

The renewed partnership will focus on strategic priorities such as artificial intelligence, semiconductors, quantum computing, healthcare, aerospace, and energy transition. 

These investments are intended to advance technological capabilities, enhance competitiveness across various sectors, and promote sustainable growth, reflecting both parties’ commitment to driving significant innovations and supporting France’s long-term economic objectives.

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