The Advanced Technology Investment Company (ATIC) of Abu Dhabi and the Korea Semiconductor Industry Association (KSIA) have signed a memorandum of understanding in which the two parties will explore potential areas of collaboration in the semiconductor industry. The agreement was signed in Abu Dhabi, by Ibrahim Ajami, CEO of ATIC and by Dr. Jun-Cheol Yang, CEO of KSIA.
Under the agreement, ATIC and KSIA will explore cooperative partnerships with companies in each other’s markets, as well as global companies located in the UAE and Korea. Both the companies will also explore further technology education and public/private technology advancement.
In addition, they will evaluate potential development and commercial projects, including semiconductor-related research and development programs; technology trends and industrial policy seminars; collaboration between UAE and Korean companies to further competitiveness and investment; and education-related exchanges between students and faculty in various UAE and Korean universities and associations, ATIC said.
Ibrahim Ajam said: South Korea’s semiconductor industry is tremendously innovative and is an amazing source of talent and insight. We look forward to exploring shared development and commercial opportunities as we advance ATIC’s goal of becoming an industry leader and strengthening Abu Dhabi’s advanced technology sector.
