Chipmaker MemryX to open Riyadh office in October
MemryX builds on strategic partnership with NEOM with new Saudi operation
#SaudiArabia #AIchips - US-based AI semiconductor innovator MemryX is to open its Saudi Arabia office in Riyadh office in October 2025, deepening its commitment to Saudi Arabia through local hiring, partnerships, and innovation initiatives. Building on its strategic partnership with NEOM’s investment fund and membership in the National Semiconductor Hub, Michigan-headquartered MemryX will establish development and customer engineering teams in-country. The official opening will take place during the same week as the MemryX Global Board Meeting, which will take place for the first time in Riyadh.
SO WHAT? - MemryX is one of the first global semiconductor companies to establish substantial operations in the Kingdom, lending weight to Saudi Arabia’s National Semiconductor Hub. The move provides another validation of the effectiveness of Saudi investment strategies in attracting an increasing number of cutting-edge technology firms. The move follows NEOM Investment Fund’s strategic investment in MemryX announced in May.
Here is some key details related to the announcement:
AI chip maker MemryX will open its Riyadh office in October 2025, deepening its commitment to Saudi Arabia through local hiring, partnerships, and innovation initiatives. The General Manager and Vice President of Business Development are to be based permanently in Saudi Arabia.
MemryX will host its Global Board Meeting in Riyadh in late October, marking the first time the semiconductor company has brought its board to the Middle East region.
The company is building both development engineering and customer engineering teams locally to provide direct support to government, enterprise, and academic partners across the Kingdom.
The firm will participate in the 2025 Future Investment Initiative conference and sponsor the Saudi AI & Edge Computing Hackathon at Prince Sultan University on 24-25 October.
MemryX’s partnership with NEOM Investment Fund, announced in May 2025, focuses on deploying energy-efficient edge AI accelerators for intelligent digital infrastructure within the futuristic city project.
The company’s flagship MX3 AI accelerator delivers industry-leading efficiency with significantly lower power consumption compared to traditional GPU solutions, supporting applications in transportation, IoT, and industrial systems.
MemryX specialises in proprietary compute-at-memory technology and dataflow architecture, enabling high-performance AI processing at the edge with reduced latency and power requirements.
ZOOM OUT - NEOM Investment Fund (NIF) announced a strategic investment announced in May 2025, which targeted the development of energy-efficient edge AI accelerators for NEOM’s intelligent digital infrastructure. The partnership positions MemryX’s MX3 technology as critical to NEOM’s vision of processing vast volumes of video data locally whilst reducing dependency on centralised infrastructure. This investment represents part of NIF’s broader strategy to build a cognitive, AI-native economy by backing transformative semiconductor technologies that will underpin autonomous digital environments and smart city infrastructure across the futuristic megacity project.
[Written and edited with the assistance of AI]
Read more about MemryX’s NEOM investment:
NEOM backs MemryX to scale Edge computing AI chips (Middle East AI News)