Armenia-made microchips will be designed for mobile phones – expert

January 19, 2013 | 01:13

YEREVAN. – At the initial phase, the microchip plant – which will be
built in Armenia by Corporacion America Company that belongs to
Argentinean Armenian businessman Eduardo Eurnekian – will manufacture
mobile chips, Enterprise Incubator Foundation Executive Director
Bagrat Yengibaryan told Armenian News-NEWS.am.

`They just recently opened a similar plant in Argentina; they have a
huge market in Latin America. Subsequently, they will manufacture more
complex microchips,’ he added.

The aforesaid plant will employ about 150 people and it will have a
research department, as well. The plant could even be set up at the
free economic zone in Armenia.

`Many people wonder how Armenia will [be able to] compete with Taiwan
or China in the microchip [manufacturing] sector. But having the Latin
American market, this is quite realistic,’ Bagrat Yengibaryan stated.

To note, there is no microchip manufacturing plant in Armenia’s
immediate vicinity.

From: A. Papazian