Trump's New Global Play: Allies Forge Saudi-Backed Tech Empire in Chips and Crypto

In a move poised to reshape global technology and finance, figures closely aligned with former President Donald J. Trump are reportedly spearheading an ambitious new venture backed by significant Saudi Arabian capital. This high-stakes initiative aims to establish a formidable presence in two of the 21st century's most critical sectors: advanced semiconductor manufacturing and the rapidly evolving cryptocurrency infrastructure.

At the heart of this burgeoning enterprise are real estate titan Steve Witkoff and influential tech investor David Sacks, both known for their strong ties to the former president.

Witkoff, a long-time Trump associate, brings a track record of large-scale development, while Sacks, a prominent figure in Silicon Valley and a vocal supporter of Trump, offers deep expertise in the tech and venture capital landscape, particularly within the crypto space. Their combined influence and network are now being leveraged to bridge the gap between Middle Eastern wealth and Western technological ambition.

The semiconductor component of the venture is particularly strategic.

With global supply chains still reeling from recent disruptions and the fierce geopolitical competition for chip dominance, Saudi Arabia's reported investment signals a profound shift. By pouring resources into domestic or partnered advanced chip production facilities, the kingdom aims not only to diversify its economy beyond oil but also to secure a crucial position in the foundational technology that underpins everything from artificial intelligence to national defense.

This move could significantly alter the existing semiconductor manufacturing landscape, which is currently dominated by East Asian powerhouses.

Equally intriguing is the venture's aggressive push into cryptocurrency. As nations grapple with regulatory frameworks and the potential of digital assets, this initiative reportedly seeks to build robust infrastructure, from mining operations to secure exchange platforms, potentially positioning Saudi Arabia as a key player in the future of decentralized finance.

The involvement of figures like David Sacks, a known advocate for crypto and Web3 technologies, underscores the serious intent behind this digital frontier.

For former President Trump, this development further extends the reach of his post-presidency influence, intertwining his business and political circles with significant international capital.

While he is not directly named as an equity holder in the reported venture, the involvement of his close allies in such a high-profile, strategically vital enterprise inevitably draws scrutiny and raises questions about potential future policy implications should he re-enter the political arena. Critics and allies alike will be watching closely for how these business ties might intersect with future U.S.

foreign policy or economic strategy.

This nexus of political influence, Saudi capital, and critical technology sectors highlights the increasingly complex global landscape. As the world navigates a new era of technological competition and shifting geopolitical alliances, this audacious venture serves as a potent reminder of how quickly wealth, power, and innovation can converge to redraw the maps of global influence.

The coming months will reveal the full scope and impact of this ambitious undertaking, but its reverberations are already beginning to be felt across Washington, Riyadh, and Silicon Valley.