Armenia relies on AI and semiconductors

Armenia is setting clear priorities as part of a strategic realignment of its technology sector: artificial intelligence (AI), data science, biotechnology, semiconductor design, and high-tech engineering are to be the focus of government support in the future. This was announced by Deputy Minister of High-Tech Industry Ruben Simonyan on February 17.

At a conference marking the 25th anniversary of the American Chamber of Commerce in Armenia (AmCham), Simonyan outlined the government's roadmap. The goal is to translate the country's scientific and technological heritage into sustainable international competitiveness.

One of the core projects is the modernization of the education system to meet international standards. At the same time, the government plans to expand a high-performance technological infrastructure. This includes a so-called engineering city, regional technology centers, and advanced data centers. In addition, legal and regulatory frameworks are to be created that are more in line with international markets.

Another focus is on strengthening the start-up ecosystem. Access to financing is to be made easier and international cooperation expanded. In doing so, the government is also relying on the global Armenian diaspora, which is to play a central role as an investor and source of expertise.

Simonyan emphasized that, as a small country, Armenia cannot be competitive in all areas of technology. Instead, it must focus on those areas where it has comparative advantages. The country is already making progress in semiconductor development, computer science, and artificial intelligence, and is producing competitive solutions for the global market.

This article was produced in cooperation with our partner bne intelliNews.