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US semiconductor and artificial intelligence (AI) companies have expressed interest in investing more than $1 billion in Bangladesh, said State Minister for Primary and Mass Education Boby Hajjaj.
He disclosed the information at a CEO and senior executives’ roundtable in Silicon Valley, California, on Monday, where participants discussed “Technology, Investment and Strategic Partnerships for Bangladesh’s Growth.”
The meeting was held at the Four Seasons Hotel in East Palo Alto, with discussions focusing on AI and data infrastructure, semiconductor investment, technology transfer, workforce development, research, innovation, trade expansion and strategic partnerships.
Hajjaj said Bangladesh has significant potential to attract international investment in its technology sector, particularly in AI and semiconductors, which could create new economic opportunities.
He stressed the need to ensure technology transfer, develop skilled manpower, promote research and innovation, and create an investment-friendly environment to capitalise on the emerging opportunities.
He said investment in AI and data infrastructure, semiconductor technology and other high-tech industries could diversify Bangladesh’s economy and create new areas of employment.
The Bangladesh delegation included Prime Minister’s Adviser for Finance and Planning Rashed Al Mahmud Titumir, State Minister for Foreign Affairs Shama Obaed Islam, and Prime Minister’s Adviser for Posts, Telecommunications and Information Technology and Science and Technology Rehan Asif Asad.
The session was moderated by Shamim Mohammad, executive vice president and chief information and technology officer of CarMax. Senior executives from the US technology sector also attended.