Huawei, a leading global information and communications technology (ICT) solutions provider, has signed a memorandum of understanding (MoU) with Intel Corporation signaling the will of both companies to strategically cooperate in enhancing joint engineering efforts and bringing new IT solutions to the market.
Announced during the Huawei Cloud Congress 2012, the collaboration will include enhancing engineering cooperation and building competitive products & solutions for server, storage, data center and cloud computing-as well as jointly going to market in China and other geographic areas.
The combined advantages of both Intel and Huawei promises to bring significant value to customers in various industries by delivering compelling information technology that provide customers with new user experiences that can produce business return.
The aim of the MoU is also geared at sharing market development efforts, synchronizing future strategies and shortening product development cycles.
This will be done through improving solution alignment and joint innovation so that the time to deliver the right solution to customers can be shortened.
“Intel leads in computing innovation, and builds advanced platforms for server, cloud computing, storage and data center solutions,” said Ian Yang, Intel corporate vice president and China president.
“The strategic MoU between Intel and Huawei will bring the cooperation to a new level. The key advantage for both companies is the ability to bring new innovative product and usage models to market.”
Zheng Yelai, president of Huawei IT product line, said: “Huawei has strong capability in server, storage, data center and cloud computing. We have had an excellent collaboration over the past 10 years with Intel. The strategic global cooperation MoU on IT will only help to strengthen the Huawei and Intel relationship, and allow us both to innovate around customer demand — providing more efficient, more valuable ICT solutions to our customers.”
Huawei, Intel step up engineering links
Huawei, Intel step up engineering links
25,000 attend Social Development Bank’s DeveGO25 forum
The Social Development Bank concluded the second edition of the Entrepreneurship and Modern Business Practices Forum — DeveGo 2025 — announcing the achievement of high-impact outcomes that further reinforced the forum’s position as the largest national platform in the region dedicated to entrepreneurship, innovation, and freelance work in Saudi Arabia and beyond.
The forum witnessed broad participation from local and international experts, investors, entrepreneurs, and representatives of local, regional, and international institutions.
Over three days at the King Abdulaziz International Conference Center, the forum drew 25,000 participants and visitors, who benefited from over 45 specialized workshops and over 2500 advisory sessions delivered by more than 70 consultants and experts.
The sessions covered key areas including entrepreneurial planning, business models, venture capital, digital platforms, freelancing, and emerging technologies.
The forum also featured 20 panel discussions with leading local and international speakers, addressing major global trends in entrepreneurship, including the future of artificial intelligence, the creative economy, digital transformation, and venture investment.
The forum saw the launch of the Saudi Empretec Fellowship, in the presence of Rebeca Grynspan, secretary-general of the UN Conference on Trade and Development.
The partners in success within the Social Responsibility Portfolio supporting entrepreneurs were honored.
It also saw the honoring of 13 winners of the Handicrafts Competition, representing various regions of the Kingdom, the announcement of winners of the Salam Award for Promising Projects, and the recognition of leading entrepreneurial projects fund under the Enterprises Track.
In addition, the NEXT UP Challenge concluded on the third day of the forum with 20 startups presenting their projects to more than 500 investors, enhancing opportunities for networking and partnership building.
As part of efforts to strengthen the support ecosystem, the forum witnessed the signing of 51 agreements, along with the launch of a suite of new financing products. These included the Capital Expansion Product with a ceiling of up to SR10 million, the Payroll Product with a ceiling of SR2 million, and the Rental Product with a ceiling of SR1.5 million, aimed at supporting enterprises in asset development and covering operational costs.
This reflects the bank’s direction toward offering more specialized financing tools that respond effectively to market needs.
The forum concluded by reaffirming its role as a unifying national platform for entrepreneurship, where accompanying activities and events provided direct engagement opportunities between entrepreneurs, investors, and experts.
The forum also highlighted success stories and practical experiences that reflect the scale of entrepreneurial momentum in the Kingdom and the growing role of the Social Development Bank in supporting a national economy driven by innovation and knowledge.
