Armenia’s potential in IT sector not fully used as country remains in blockade –Synopsys President and Co-CEO

Synopsys Corporation’s President and Co-Chief Executive Director says he regrets that the continuing blockade around Armenia prevents the country from making a full use of its potentials in the IT sector.

Speaking to our correspondent on the sidelines of the ArmTech 2014 annual conference in New York, Chi-Foon Chan described the investments in the country as a very important part of their business, which he said would help replenish the company’s production cycle.

He added that the tools in Armenia do not have a practical application, with engineers often going abroad to find customers. Nonetheless, he expressed hope that they would manage to develop the IT industries in the country.

The Synopsys President and Co-CEO further stressed the role of Armenia’s universities which he said train very good human resources who can collaborate with them in future.