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Synopsis American Company Invests $90 Mln to Its Armenian Branch

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  • Synopsis American Company Invests $90 Mln to Its Armenian Branch

    SYNOPSIS AMERICAN COMPANY INVESTS $90 MLN TO ITS ARMENIAN BRANCH

    YEREVAN, FEBRUARY 23. ARMINFO. "Synopsis" company has provided its
    Armenian branch with program tools for designing intellectual property
    units for digital, analogue and compound signal chips worth $90 mln,
    "Synopsis-Armenia" company's director Hovik Musayelyan informed
    ARMINFO.

    He specified that the company received 60 computer-aided design
    programs worth $1.5 mln each. Musayelyan also informed that presently
    the company employs 150 engineers and plans to increase the number of
    enrolled students from 110 to 220. According to him, Vice-President of
    Synopsis Rich Goldman will visit Armenia on March 2 and will meet with
    Armenia's President and Prime-Minister to discuss company's
    perspective plans concerned with Armenia. Goldman will also tell about
    the company's intention to establish a Benevolent Fund in Armenia.

    To note, "Synoposis-Armenia" was established by "Synopsis" Inc., the
    world leader of electronic design of automatized technologies, in Oct
    2004 on the basis of Armenian-American Leda Design and Monterey Arset
    companies. Synopsis pins its strategic plans with the development of
    its Armenian branch, including the tasks to enlarge its activity
    spectrum. The annual turnover of Synopsis Inc. totals about $1.2 bln.
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