Alat, a $100B electronics manufacturing fund backed by Saudi Arabia's PIF, has ousted CEO Amit Midha and reportedly abandoned its chip production investment plans (Matthew Martin/Semafor)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Source: Techmeme
CEO Dismissal: Alat, a $100 billion Saudi Arabian Public Investment Fund-backed electronics manufacturing firm, has dismissed its CEO, Amit Midha.
Investment Plans Affected: The company has reportedly dropped plans to invest in chip production following the CEO's removal.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
