70% OF MEMORY CIRCUITS FOR CELLULAR TELEPHONES DESIGNED IN ARMENIA

Arka News Agency, Armenia
Sept 25 2006

YEREVAN, September 25. /ARKA/. 70% of memory circuits for cellular
telephones are designed in Armenia, Director General of Synopsys
Armenia Hovik Musaelyan told a press conference.

According to him, chips for satellites and space equipment are designed
in Armenia as well.

Musaelyan expressed regret over the fact that local profitable
production of these chips is yet impossible in Armenia.

Armenia’s IT sector comprises 100 companies, 30% of them shared in by
foreign capital. A total of 5,000 people are employed in this sphere.
From: Baghdasarian