Chip manufacturing plant to be opened in Armenia
YEREVAN, December 12. /ARKA/. Armenia’s Economy Minister Tigran Davtyan and the head of Argentina’s Corporación América company Eduardo Eurnekian signed the Memorandum on opening a chip manufacturing plant in Armenia, the executive body reported to ARKA on Tuesday.
According to the source, the sides agreed on the Memorandum within the framework of ArmTech Congress being held in the Silicon Valley, California.
Argentina’s Corporación América conducts a concession management of Yerevan’s Zvartnots International Airport.
ArmTech Congress 2012 was kicked off in the Silicon Valley on Monday. The venue place is the Civil and Environmental Engineering Department at Stanford University. Armenia’s delegation is headed by PM Tigran Sargsyan.
According to the government of Armenia, PM Sargsyan declared yesterday in front of the Congress guests and participants that IT is one of the key and strategic sectors of the Armenian economy.
“We have some definite privileges in the region, and we will use them. First and foremost, the privilege is the high rate of literacy among our population, good traditions of teaching Mathematics and Sciences linked to the Soviet times, and a huge academic potential in this sphere,” Mr. Sargsyan said adding the republic has all the necessary infrastructure and professional potential for technological industry development.
PM also highlighted the special role of the Armenian Diaspora in IT development through promoting partnership between Armenia and the world largest IT companies.
There are over 350 IT companies in Armenia, of them 107 are the affiliates of foreign companies, according to him. The total turnover of the sphere is $205 million, of them export accounts for $120 million. Currently, 6760 people are working in the sphere, and this figure is constantly growing.
The head of Armenia’s government also highlighted the important role of education for IT development welcoming Luys foundation’s support to the young Armenians in pursuing their academic degrees in the world’s top 10 universities.
During his visit, Mr. Sargsyan met with young Armenian specialists from the Silicon Valley, who presented their collective initiative on establishing the single network for IT specialists.
ArmTech is alternately held in the Silicon Valley, California, and Armenia. San Francisco hosted the fist Congress on 4-7 July, 2007. —0--