Intel's CEO, Lip-Bu Tan, met with Saudi Arabia's Minister of Communications and Information Technology, Abdullah Al-Swaha, to discuss a potential partnership focused on developing semiconductor and advanced computing technologies, as well as enhancing collaboration in artificial intelligence. This move is seen as part of Intel's broader strategy to secure its financial position and bolster its foundry division by exploring new sources of capital. The discussions with Saudi officials come as Intel continues its efforts to stage a comeback in the semiconductor industry.