However, Blaize's ties to the Middle East could pose challenges due to the U.S. government's tightening of semiconductor export controls to countries like Saudi Arabia, Qatar, and the UAE. This is due to concerns that China is using the region to circumvent American restrictions on obtaining the technology. Blaize CEO, Dinakar Munagala, has emphasized that the company will adhere to American laws and has all the necessary export control processes in place.
Key takeaways:
- California-based semiconductor company, Blaize, is planning to go public via a SPAC merger with a blank check company led by Shahal Khan, BurTech, at an enterprise value of $894 million.
- Blaize has been signing deals in the Middle East, including a Memorandum of Understanding with Mark AB Capital, a fund controlled by members of Abu Dhabi’s royal family.
- As an American chip company, Blaize’s new ties to the region could present challenges as the U.S. government is tightening semiconductor export controls to countries like Saudi Arabia, Qatar and the UAE amid concerns that China is using the region to circumvent American restrictions on obtaining the technology.
- Blaize CEO, Dinakar Munagala, emphasized that the company would adhere to American laws and has all of the export control processes in place to ensure they conform to all the rules.