A Bold Step Toward Semiconductor Excellence
Oman is stepping up its game in advanced technologies! ITHCA Group has announced a strategic investment in Lumotive, a US-based pioneer in programmable optical semiconductor technology. The move aligns with Oman’s national vision to become a regional hub for innovation and high-tech industries.
The agreement was signed by Saeed bin Abdullah al Mandhari, CEO of ITHCA Group, and Sam Heidari, CEO of Lumotive, marking a milestone collaboration that blends global innovation with Omani ambition.
Why This Partnership Matters
This isn’t just a financial deal, it’s a blueprint for future growth. According to Mandhari, this investment is the second of its kind by ITHCA in the semiconductor space, and plays a key role in building:
- ✅ A centre of excellence for semiconductor design
- ✅ A pipeline of skilled Omani engineers
- ✅ Strong global partnerships for knowledge transfer
Mandhari shared:
“We’re focused on building national expertise in semiconductors by working closely with global tech leaders. This partnership reflects our commitment to creating sustainable, innovation-driven growth for Oman.”
Meanwhile, Lumotive CEO Sam Heidari was equally enthusiastic. He welcomed the partnership as a new chapter in joint research, design, and skills development, all of which are vital for growing next-generation tech talent.
Who Is Lumotive?
Lumotive is no ordinary tech startup. The company is developing revolutionary optical semiconductors that can be programmed for various applications, including advanced 3D sensing—think autonomous vehicles, robotics, and augmented reality.
Some of Lumotive’s achievements include:
- Named “Next Big Thing in Tech” by Fast Company
- Winner of three CES Innovation Awards
- Backed by industry giants like Gates Frontier, Samsung Ventures, MetaVC Partners, Quan Funds, and Uniquest
This kind of innovation is exactly what ITHCA is aiming to bring closer to home.
Oman’s Growing High-Tech Vision
The partnership with Lumotive aligns with Oman’s wider push to develop local capabilities in emerging technologies. With a strong focus on AI, advanced manufacturing, and semiconductors, Oman is positioning itself as a future-ready economy.
And ITHCA is leading the charge by:
- ✔️ Investing in high-impact startups
- ✔️ Building talent through knowledge-sharing
- ✔️ Encouraging global collaboration for tech development
The ultimate goal? To nurture a thriving tech ecosystem that supports both regional innovation and global competitiveness.
What’s Next?
As ITHCA continues to build strategic alliances with global innovators, Oman is inching closer to becoming a recognized player in the global semiconductor and advanced industries arena.
This latest deal with Lumotive isn’t just about chips—it’s about putting Oman on the map as a serious contender in the world of cutting-edge technology.