SYNOPSIS AMERICAN COMPANY INVESTS $90 MLN TO ITS ARMENIAN BRANCH

YEREVAN, FEBRUARY 23. ARMINFO. “Synopsis” company has provided its
Armenian branch with program tools for designing intellectual property
units for digital, analogue and compound signal chips worth $90 mln,
“Synopsis-Armenia” company’s director Hovik Musayelyan informed
ARMINFO.

He specified that the company received 60 computer-aided design
programs worth $1.5 mln each. Musayelyan also informed that presently
the company employs 150 engineers and plans to increase the number of
enrolled students from 110 to 220. According to him, Vice-President of
Synopsis Rich Goldman will visit Armenia on March 2 and will meet with
Armenia’s President and Prime-Minister to discuss company’s
perspective plans concerned with Armenia. Goldman will also tell about
the company’s intention to establish a Benevolent Fund in Armenia.

To note, “Synoposis-Armenia” was established by “Synopsis” Inc., the
world leader of electronic design of automatized technologies, in Oct
2004 on the basis of Armenian-American Leda Design and Monterey Arset
companies. Synopsis pins its strategic plans with the development of
its Armenian branch, including the tasks to enlarge its activity
spectrum. The annual turnover of Synopsis Inc. totals about $1.2 bln.