Armenia is focusing on AI and semiconductors

As part of a strategic realignment of its technology sector, Armenia is setting clear priorities: artificial intelligence (AI), data science, biotechnology, semiconductor design, and high-tech engineering are to be the focus of government funding in the future. This was stated by Ruben Simonyan, Deputy Minister of High-Tech Industry, 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 transform the country’s scientific and technological heritage into sustainable international competitiveness.

Key initiatives include modernizing 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 priority is strengthening the startup ecosystem. Access to financing is to be facilitated, and international cooperation expanded. In this regard, the government is also counting on the global Armenian diaspora, which is expected 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 technology fields. Instead, the country 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