One of America’s Largest Companies to Enter Armenia Soon, Says Minister of Economy

One of America's largest companies will soon enter Armenia. This was announced by the Minister of Economy, Vahan Kerobyan, during a press briefing after a government session.

“We will have good news very soon. There is a deal that will soon be finalized, and one of the largest American companies will enter Armenia by acquiring a company here,” he stated.

According to him, bringing the world's 500 largest companies to Armenia is a priority in terms of foreign direct investments. The entry of each of these companies into Armenia is extremely valuable. Kerobyan recalled that last year, for example, the company 'Nvidia' entered Armenia.

In April 2022, the Deputy Speaker of the National Assembly, Hakob Arshakyan, announced that the world-renowned high-tech leader, 'Nvidia', is establishing a research center in Armenia. The company's work transforms transportation, healthcare, and manufacturing in the realm of accelerated computing and artificial intelligence, boosting the development of many other sectors.