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    Alat, a $100 billion PIF-backed electronics manufacturing fund in Saudi Arabia, has removed its CEO Amit Midha; sources say he abandoned plans to invest in chip production (Matthew Martin/Semafor)

    April 11, 2026

    U.S. CFTC says a district court judge has granted its request for a temporary restraining order barring Arizona from pursuing its criminal case against Kalshi (Jack Queen/Reuters)

    April 11, 2026

    Amazon Luna drops support for third-party game purchases, game stores and subscriptions; Previously purchased games will be available until June 10 (Michael Kan/PCMag)

    April 10, 2026

    Source: Federal prosecutors subpoenaed Reddit to grand jury to provide personal data on anonymous user who criticized ICE (Ryan Devereaux/The Intercept)

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    San Francisco police arrested a suspect for allegedly throwing a Molotov cocktail at Sam Altman’s home and also making threats outside OpenAI headquarters (Maxwell Zeff/Wired)

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Home » Alat, a $100 billion PIF-backed electronics manufacturing fund in Saudi Arabia, has removed its CEO Amit Midha; sources say he abandoned plans to invest in chip production (Matthew Martin/Semafor)
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Alat, a $100 billion PIF-backed electronics manufacturing fund in Saudi Arabia, has removed its CEO Amit Midha; sources say he abandoned plans to invest in chip production (Matthew Martin/Semafor)

Stacey D. WallsBy Stacey D. WallsApril 11, 2026No Comments
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Matthew Martin / Semafor:

Alat, a $100 billion PIF-backed electronics manufacturing fund in Saudi Arabia, has removed its CEO Amit Midha; sources say he abandoned plans to invest in chip production— The Scoop — Read more — Notable — THE SCOOP — Saudi sovereign wealth fund fired Alat CEO Amit Midha…



abandoned Alat Amit Arabia billion CEO chip Electronics fund invest manufacturing MartinSemafor Matthew Midha PIFbacked plans production removed Saudi Sources
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Stacey D. Walls

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U.S. CFTC says a district court judge has granted its request for a temporary restraining order barring Arizona from pursuing its criminal case against Kalshi (Jack Queen/Reuters)

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