17:41, 7 March 2023

YERERVAN, MARCH 7, ARMENPRESS. Prime Minister of Armenia Nikol Pashinyan received today the vice-president of the American Microchip Technology Bruce Weyer and his delegation, ARMENPRESS was infomred from the Offic eof the Prime Minister. 

The Prime Minister welcomed the entry to Armenia of Microchip Technology, which produces microelectronics, and its cooperation with the Armenian Instigate Semiconductor company, within the framework of which Microchip Technology will open a branch in Armenia. Nikol Pashinyan noted that the development of the IT sphere is one of the priorities of the Armenian Government, and a continuous growth in this strategic sphere is registered. "We attach importance to the involvement of reputable IT companies and are ready to support the investment process, which will promote the growth of innovation in our economy," said the Prime Minister, referring to the activities of the “Enterprise Armenia” investment promotion center, emphasizing that the center carried out targetted activities with the investors.

Thanking the Armenian Prime Minister, Bruce Weyer noted that Microchip Technology is interested in implementing programs in the Armenian technological market and plans to carry out activities in the spheres of software, microchip production, to promote the development of the Armenian technology ecosystem. It was noted that Instigate Semiconductor has offices in Yerevan, Gyumri, Vanadzor, Ijevan and plans to expand its activities.

At the meeting, the sides exchanged views on cooperation in high and information technologies.

The Prime Minister touched upon the agenda of the government's economic reforms, presented the technological programs and noted that the establishment of the Ministry of High-tech industry shows the prioroty of the sphere for the Government. In his turn, Bruce Weyer noted that Microchip Technology is interested in long-term cooperation and considers the partnership in space research as a promising direction.