Qatar Investment Authority Plans Ardian Semiconductor Investment

The Qatar Investment Authority plans to make an anchor investment in Ardian Semiconductor, a fund set up by French private equity firm Ardian to invest in the semiconductor industry across Europe.

The Qatar sovereign-wealth fund said the move reflects its “belief in the pervasiveness of semiconductors in the world economy, and their impact on digital and green transformations across key sectors such as artificial intelligence, mobility or consumer technology.” It didn’t disclose terms of the commitment.

QIA has been increasing its tech investments, participating in and leading funding rounds by companies as the country seeks to diversify its economy. ...