ITHCA Group announces investment in an American semiconductor company

Muscat: “ITHCA Group” announced its investment in the American Semiconductor Design Company, after an investment tour for the company, through which it sought to expand in the Sultanate of Oman, by opening a technical center for semiconductor design in Muscat and designing the “Oman 1” and “Oman 1” chips. “Oman 2”. These chips, which were 100 percent designed by Omani engineers, are divided into two microchips; The first: “Oman-1”, which consists of receiving and identifying radio waves. As for the “Oman-2” chip, it works on an integrated circuit chip for power management.

The group concluded an agreement with the American company, which was signed by Eng. Saeed bin Abdullah Al-Mandhari, CEO of the group, and by Farhat Jangir, its CEO, from “Idhkaa” Company. This investment will contribute to strengthening Idhkaa Group’s active role in technological progress, which is an achievement. Historically for the Sultanate of Oman, and in support of its progress in the field of knowledge economy.

Eng. Saeed bin Abdullah Al Mandhari, CEO of Idhkaa Group, said that this strategic investment by Idhkaa Group with the American semiconductor design company “GSME” represents an important financial achievement and a technological leap forward for the Sultanate of Oman, as this investment – which is the first of its kind in Oman – confirms. – Keenness to promote innovation; This gives the Sultanate of Oman a head start and leadership in the semiconductor industry.

Al-Mandhari added that this investment demonstrates Iqqa Group’s commitment to its active and renewed investment role in emerging technologies, and advancing skills development in the information and communications technology sector and human capital. In order to achieve positive returns and returns on the national economy and human resources, in addition to achieving the desired added value from this investment.

It should be noted that in light of the growth in global demand for advanced semiconductor solutions, this investment demonstrates the ability of the Sultanate of Oman to meet this demand. Thanks to its strategic vision and commitment to excellence, the Sultanate of Oman continues its efforts to be a major player in the future of global semiconductor innovation.

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