Qualcomm’s $2B AI Chip Deal with Saudi Arabia’s Humain Signals Growing Middle East Tech Ambitions
Qualcomm stands to generate up to $2 billion from its AI accelerator deployment agreement with Saudi-backed Humain, according to Wells Fargo estimates. The chipmaker's stock surged 12% following news of its upcoming AI200 and AI250 processors designed for heavy inference workloads.
Humain will deploy 200 megawatts of Qualcomm's accelerator infrastructure across the Middle East and global markets, marking a strategic expansion of Saudi Arabia's sovereign AI investments. The partnership builds on existing collaborations between U.S. and Saudi tech initiatives.