YEREVAN (Noyan Tapan)–Armenia will soon begin developing and designing semi-conductor chips. The "Amarast Kentron" company–which was jointly founded by the American "Leda Systems" company and "Sil Group" President Khachatur Sukiasian (also a member of the Armenian Parliament)–will be charged with the development of the chips. Gagik Arzumanian–former Deputy Minister of the Ministry of Finance and Economy–was appointed as the Executive Director of "Amarast Kentron".
The final assembly point of the chips designed in Yerevan will be Taiwan–even though the end product will carry "Made in Armenia" labels. Armenia will now turn into a semi-conductor exporter country–which according to the Yerevan branch president of "Leda Systems"–is something very few countries can boast of.
"Amarast Kentron" will employ graduates from the Armenian State Engineering University (ASEU)–who will continue their education at the department of "Microelectronic Systems" of ASEU–which will be established shortly–based on a contract between ASEU and "Leda Systems".