• Latest
  • Trending
Egypt, China partner on $300 million AI and semiconductor technologies

Egypt, China partner on $300 million AI and semiconductor technologies

September 10, 2024
South African investment giant raises caution on Bitcoin ETF risks

South African investment giant raises caution on Bitcoin ETF risks

September 26, 2025
OpenAI’s ChatGPT Pulse now available for Pro users

OpenAI’s ChatGPT Pulse now available for Pro users

September 26, 2025
MSport 2025

MSport 2025: Nigeria’s #1 Sports Betting Site, Powered by Chelsea & BVB

September 25, 2025
MNT-Halan introduces Egypt’s first secure lending solution via Halan App

MNT-Halan introduces Egypt’s first secure lending solution via Halan App

September 25, 2025
Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

September 25, 2025
Airtel Africa invests in education with 100 scholarships and new tech hubs

Airtel Africa invests in education with 100 scholarships and new tech hubs

September 25, 2025
SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

September 25, 2025
Tango Brook launches digital card for fuel management

Tango Brook launches digital card for fuel management

September 25, 2025
AI in Nigeria announces 3rd edition of InnovationAI

AI in Nigeria announces 3rd edition of InnovationAI

September 25, 2025
Interswitch Unveils Quickteller Travel to Transform African Travel Experience

Interswitch Unveils Quickteller Travel to Transform African Travel Experience

September 25, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Technology

Egypt, China partner on $300 million AI and semiconductor technologies

Ibukunoluwa Bankole by Ibukunoluwa Bankole
September 10, 2024
151 2
0
Egypt, China partner on $300 million AI and semiconductor technologies

Egypt, China partner on $300 million AI and semiconductor technologies

474
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

Egypt’s Information Technology Industry Development Agency (ITIDA), Telecom Egypt (TE), Applied Innovation Centre (AIC), and China’s Tsinghua Unigroup signed a historic Memorandum of Understanding (MoU) during the China-Africa Cooperation Forum Summit in Beijing.

This partnership, aimed at transforming Egypt’s tech sector, will establish a $300 million technology investment fund to drive innovation in artificial intelligence (AI) and semiconductor technologies.

Read also: Egyptian fintech Lucky raises $3M to expand credit operations, targets profitability by 2025

Boosting AI and Semiconductor Industries 

The strategic agreement emphasises the development of AI and semiconductor technology, which is essential for future economic growth and Egypt’s digital transformation goals. Tsinghua Unigroup, a leading Chinese technology company, is set to contribute 60-70% of the investment capital, signalling a firm commitment to driving innovation in Egypt.

RelatedPosts

Telecom Egypt enhances data exchange with new Point of Presence in Jordan’s Aqaba Digital Hub

Microsoft and OpenAI strengthen AI partnership with new agreement

ITIDA selects Mahmoud Sofrata to lead ICT markets development

The partnership highlights Egypt’s ambition to lead the Middle East and Africa in advanced technological industries, positioning the country as a global hub for AI and semiconductors.

Beyond financial investment, Tsinghua Unigroup plans to launch a state-of-the-art data centre in Egypt, providing cloud services to both public and private sectors. This new infrastructure is expected to enhance Egypt’s data-handling capabilities and strengthen its position as a regional technological hub.

Furthermore, the agreement details a plan for a research and development (R&D) centre specialising in chip design and systems engineering.

This centre will foster local talent and expertise, enabling Egypt to establish a strong presence in the highly competitive semiconductor industry. The focus on developing homegrown capabilities aligns with Egypt’s long-term strategic goals of self-reliance and technological leadership.

A unique aspect of the collaboration is the focus on AI applications tailored to Arabic language models. Tsinghua Unigroup and its subsidiaries will work on developing AI solutions that address regional needs, particularly in Arabic-speaking markets.

This investment in local AI applications is expected to boost Egypt’s standing as a leader in Arabic AI technologies, bridging the gap between global innovation and regional relevance.

Read also: Nigerian Computer scientist Chinasa Okolo makes Time Magazine’s 100 most influential people in Artificial Intelligence

Strengthening Egypt-China Ties 

This partnership is a win for Egypt’s technological ambitions and strengthens bilateral relations with China. The deal demonstrates how international collaborations can promote technological progress and economic growth. Egypt’s commitment to advancing its AI and semiconductor industries, with support from a global technology leader like Tsinghua Unigroup, will likely attract further foreign investment.

Economic Impact and Future Growth The MoU promises Egypt significant economic and technological benefits, including job creation, skills development, and foreign investment. The agreement is expected to elevate Egypt’s innovation ecosystem and contribute to the country’s overall growth strategy by bolstering the AI and semiconductor sectors.

A Major Step Forward The signing of the MoU is a critical step in Egypt’s journey to becoming a leading technology force within the Middle East and Africa. With this ambitious partnership, Egypt is on the path to securing a prominent role in the global AI and semiconductor landscape.

Tags: ITIDAMOUTelecom Egypt
Ibukunoluwa Bankole

Ibukunoluwa Bankole

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.