Business news from Ukraine

Ukraine plans to start producing 50 thousand chips per month

14 December , 2023  

Ukraine plans to start producing 50 thousand chips per month in three years after the start of construction of the factory, said Valeria Ionan, Deputy Minister of Digital Transformation for European Integration.

“We will thus meet the needs of the domestic market, as well as create a basis for exports,” she said at the presentation of Ukraine’s global innovation vision on Thursday.

According to her, chip production in Ukraine will supply most of the country’s industrial sectors.

At the same time, she did not name any specific dates for the start of construction.

Ionan noted that Ukraine will create a network of fabless companies (a company that does not have its own factory) for automated chip design, which will allow it to enter the chip market and take a position in the global semiconductor market.

For his part, Deputy Prime Minister for Innovation, Education, Science, and Technology – Minister of Digital Transformation Mykhailo Fedorov said that the Ministry of Digital Transformation plans to develop and present a chip in 2024.

According to him, the Ministry of Digital Transformation is working with various companies in this direction, but no other details have been disclosed so far.

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