Rimal Semiconductors raises bridge funding to accelerate power chip design and expand partnerships across the Middle East and global markets.
Saudi deep tech startup Rimal Semiconductors has secured a strategic bridge funding round to scale its chip design operations and strengthen international partnerships as the Kingdom seeks to build a stronger domestic semiconductor ecosystem. The round was led by Keheilan Asset Management through its Deep Tech Fund, with additional participation from a regional investor. The company has not publicly disclosed the size of the investment.
Founded in 2025 by semiconductor industry veteran Houssam Salem, Rimal Semiconductors operates as a fabless chip design company, focusing on designing semiconductor components while outsourcing fabrication to global manufacturing partners. The model allows the company to concentrate on intellectual property, engineering, and product innovation while leveraging established fabrication facilities abroad.
The newly secured capital will support expansion of Rimal’s engineering teams, product development, and international collaborations, enabling the company to accelerate the development of its semiconductor solutions and strengthen its presence across regional and global markets.
Rimal’s technology focus lies primarily in power semiconductor chips, which are essential components in sectors such as energy infrastructure, industrial equipment, mobility systems, and data-center hardware. As demand for specialized chips grows worldwide, companies designing efficient power electronics are increasingly critical to improving energy efficiency and performance in advanced systems.
The startup already collaborates with manufacturing partners in Taiwan, South Korea, and China, while also exploring potential partnerships with foundries in the United States to diversify its supply chain. This global production approach reflects the broader semiconductor industry structure, where fabless design companies work closely with specialized fabrication partners to bring chips to market.
Despite being a relatively new entrant, Rimal has begun securing early traction. According to the company, it currently holds six active contracts across multiple industries, including defense systems, power grid infrastructure, and data-center technology. One of the projects involves collaboration with a major Egyptian corporation, highlighting growing regional interest in locally designed semiconductor solutions.
Beyond Saudi Arabia, Rimal is also pursuing a broader regional expansion strategy. The company is working on establishing a distribution partnership covering Turkey, Egypt, Morocco, Tunisia, and the United Arab Emirates, supported by local engineering teams that will provide technical support and integration services to customers in these markets.
The investment arrives as Saudi Arabia intensifies efforts to develop its semiconductor and advanced technology sectors under Vision 2030, a national strategy aimed at diversifying the economy beyond oil and building domestic capabilities in high-value industries such as artificial intelligence, electronics, and advanced manufacturing.
By focusing on semiconductor design while collaborating with global manufacturing partners, Rimal aims to position itself as one of the early contributors to the Kingdom’s emerging chip ecosystem. As regional demand for advanced electronics continues to expand, the company’s leadership believes Saudi Arabia has an opportunity to play a more significant role in the global semiconductor value chain.
With fresh capital and growing regional partnerships, Rimal Semiconductors is now preparing to scale its chip design platform and deepen its presence across the Middle East, North Africa, and international markets, signaling a new phase of growth for the Saudi deep-tech startup.
