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Head of Intel Corporation is expected to visit Armenia

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  • Head of Intel Corporation is expected to visit Armenia

    Head of Intel Corporation is expected to visit Armenia


    2008-05-30 22:17:00

    ArmInfo. Chairman of the Board of Directors of Intel Corporation Crag
    Barrett is expected to visit Armenia.

    As Zhenya Azizyan, the head of IT development department at the
    Armenian Ministry of Economy, told ArmInfo correspondent, on Armenian
    Prime Minister Tigran Sargsyan's behalf the head of Intel has recently
    been officially invited to visit Armenia within the frames of the forum
    "Youth and information-communication technologies". The forum will be
    organized by the UN Global Alliance for ICT and Development. On the RA
    government's initiative, the forum will be held in late October 2008
    within the frames of the IT Month in Armenia.

    Azizyan said that the invitation of the head of Intel to Armenia
    complies with the RA government's policy aimed at attraction of large
    and strategic international IT companies to the republic to intensify
    the rates of IT development. "According to the preliminary data,
    Mr.Barrett positively responded to the invitation, however, it is too
    early to speak of his final decision. Anyhow, the Armenian government
    will continue exerting every type of effort to consolidate the ties
    with the leading players of the international market of IT", Azizyan
    stressed.

    According to ArmInfo's sources, Barrett will shortly visit Russia,
    Kazakhstan and Azerbaijan. To recall, earlier Intel Corporation
    expressed a desire to enter the Armenian market of IT, however, the
    company saw no adequate interest from the Armenian side. It was
    envisaged to develop wireless technologies - Wi-Fi and Wimax in Armenia
    with the support of the Corporation. To implement this project, the
    Corporation needed reciprocal initiatives from the Armenian side, but
    these initiatives were restricted only to words. The Corporation also
    showed interest in implementation of its educational initiatives in
    Armenia. Meanwhile, Intel actively entered the market of neighboring
    Azerbaijan.

    Intel Corporation is the largest producer of microprocessors in the
    world, as well as one of the leading producers of equipment for
    personal computers, computer networks and means of communication.
    According to Intel's data, in the first quarter of 2008, the
    Corporation's proceeds totalled $9,7 bln, operating income - $2,1 bln,
    net income - $1,4 bln, and net profit per share - 25 cents.
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