Saudi Aramco donates coronavirus masks to Houston, Texas

Saudi Aramco has donated 30,000 of the masks to Houston. (File/Shutterstock)
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Updated 20 April 2020

Saudi Aramco donates coronavirus masks to Houston, Texas

  • Most recent statistics show Texas with 18,923 cases of the disease, a daily increase of 663, and 477 deaths
  • The masks are being offered to protect protect fire, police and health responders in Houston

DUBAI: Saudi Aramco has come to the aid of the US city of Houston, Texas, with a donation of 30,000 masks for first responders fighting the coronavirus COVID-19 outbreak in the heart of the American oil industry.

A statement from Aramco Americas said: “We are supporting efforts to protect fire, police and health responders in Houston through a donation of 30,000 KN95 masks to help the city and the major of Houston, Sylvester Turner.”

The mayor responded: “We know that medical supplies and protective equipment, like these masks, are in short supply throughout the US. We are fortunate to have a great corporate citizen like Aramco utilizing its procurement and global supply chain to source this quantity of masks during this challenging time.”

Most recent statistics show Texas with 18,923 cases of the disease, a daily increase of 663, and 477 deaths. The biggest number are in Harris County, which contains the densely populated city of Houston.

Turner said Aramco works side-by-side with local government and other charitable organizations to address issues ranging from education, hunger and environmental protection.

Mohammed Alshammari, president and chief executive of Aramco Americas, said: “The safety of our employees and the community is a top priority for us. Houston has been our headquarters for nearly 50 years.

“This donation is one of the ways we are looking to help the city during these challenging and difficult times,” he added.

As the business center for the American shale oil industry, Texas is also facing a wave of financial challenges as a result of falling oil prices in the wake of the global collapse in demand for crude.


Nvidia deal for Arm will drive computing power growth, says SoftBank’s CEO

Updated 23 October 2020

Nvidia deal for Arm will drive computing power growth, says SoftBank’s CEO

  • Saudi Arabia's Public Investment Fund (PIF) is an anchor investor in the $100 billion Vision Fund

TOKYO/DUBAI: SoftBank Group Corp. CEO Masayoshi Son said on Thursday the sale of chip designer Arm to Nvidia Corp. will drive growth in computing power, in his first public comments since the $40 billion deal was announced in September.
Son made the comments at a virtual summit about artificial intelligence hosted by Saudi Arabia, an anchor investor in the $100 billion Vision Fund, at which he reiterated his belief that AI would transform society.
The Nvidia deal, part of a series of asset sales by Son, whose group has been shaken by soured investments and the COVID-19 pandemic, has raised concerns it will threaten Arm’s role as a neutral supplier in the industry.
Son is set to speak next week with Nvidia CEO Jensen Huang at SoftBank World, the group’s annual event for customers and suppliers that is being retooled as it focuses on investing.
SoftBank’s growing cash pile is driving speculation about future investment plans, with the Vision Fund targeting external funding for a blank-check company, a source said, in a sign the group is regaining its mojo.
“I am a risk taker,” Son said on Thursday.
Rajeev Misra, CEO of SoftBank Investment Advisers which oversees the Vision Fund, said the market share gained by online commerce companies in the last six to eight months is more than what they gained in the previous four years put together.
“COVID has accelerated the acceleration of AI even further,” Misra told the same conference, adding in the 105 companies Vision Fund 1 and 2 have invested in, artificial intelligence is the core of their businesses.