ArmInfo. Within the framework of the working visit to participate in the Vibrant Gujarat Global Summit 2024 in India, the Minister of Economy of Armenia Vahan Kerobyan had meetings with the heads of leading international technology companies. He announced this on his Facebook page.
In particular, he wrote that he met with Senior Vice President, Enterprise Business at NVIDIA (with a capital of 1.31 trillion). The interlocutors discussed the prospects for expanding NVIDIA's activities in Armenia and issues related to artificial intelligence.
In addition, as the minister said, a meeting was held with the management of Micron Technology, to whom he presented the business environment and opportunities in our country.
"Our goal is to encourage technology giants to open their representative offices in Armenia, and for those who are already working in our market to expand their activities," Kerobyan wrote.
NVIDIA research center was opened in Armen in April 2022.
Nvidia is an American technology company that was founded in 1993 and develops graphics processors and systems on a chip (SoC). The company's designs have gained traction in the video game industry, professional imaging, high-performance computing and the automotive industry, where Nvidia's on-board computers are used as the basis for self-driving cars. The company is valued at $700 billion, with an annual turnover of $26 billion.
Micron Technology is an American multinational corporation known for its semiconductor products, the main part of which are DRAM and NAND memory chips, flash memory, SSD drives, and CMOS sensors. A Forbes article on the Armenian venture market, which was published at the end of 2022, states that there are at least 18 innovation centers of international corporations in Armenia, including Microsoft, SAP, Cisco, Siemens, EPAM, Nvidia and others.
The Fraser Institute's 2022 Global Economic Freedom Index ranks Armenia 11th out of 165. StartupBlink international think tank ranked Armenia's startup ecosystem 16th out of 74 among Eastern European countries. Yerevan is in 244th place in the list of the 1000 most developed startup ecosystems in the world.
