Armenia opens representation in Silicon Valley
An Armenian Information and High Tech Office has opened in Plug and Play technological center of the US Silicon Valley. A government delegation led by Prime Minister Tigran Sargsyan participated in the opening ceremony.
The event was followed by the signing of an agreement on the creation of the first venture fund in Armenia, which will ensure accessibility of financial investments in the newly created IT companies.
"Armenia has registered serious achievements in the IT sphere. Many countries have opened their representations in the Silicon Valley, because having a representation here means having a tool that provides perspectives for the development of the private sector. It's even more important for Armenia, because it's impossible to follow the modern developments without being in constant touch with the Silicon Valley, while in this rapidly changing world we have to be aware all novelties," said the Armenian premier.
"Memorandum of construction of new plant of production of chips in Armenia has been signed. It is another important step in the development of the IT sphere. We will have not only software companies but chip production as well," he continued.
Tigran Sargsyan then emphasized the importance of the memorandum signed with the "Intel" Company under which the latter will open its research center in Armenia.
Speaking about the possibility of creation new jobs in Armenia's IT sector, the Armenian official said the jobs in this sector are highly paid and have big productivity.
