Saudi Arabia’s sovereign wealth fund has dismissed Alat CEO Amit Midha — a former Dell executive hired three years ago to run the $100 billion fund intended to make the kingdom an electronics manufacturing powerhouse. Alat also dropped plans to invest in semiconductor production, according to people familiar with the matter.Midha was removed earlier this year, the people said, amid a wider review of the kingdom’s spending plans that led it to cancel some of its most ambitious projects. A team fo...