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Rimal Semiconductors has raised bridge funding from Keheilan Asset Management and an undisclosed investor to strengthen its role in the global semiconductor supply chain. The funding will help establish a fabless business model that focuses on chip design while outsourcing manufacturing to international foundries.

Currently, Rimal has manufacturing partnerships in Taiwan, Korea, and China, and is negotiating with US foundries. The company aims to maintain Saudi ownership of its intellectual property and distribute manufacturing across its partners.

Additionally, Rimal is finalizing a distribution agreement with a regional distributor covering Turkey, Egypt, Morocco, Tunisia, and the UAE, supporting local engineering teams. The startup has six contracts underway, including one with a major Egyptian corporation.