{"id":325468,"date":"2022-05-14T11:13:45","date_gmt":"2022-05-14T11:13:45","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=325468"},"modified":"2022-05-17T11:15:15","modified_gmt":"2022-05-17T11:15:15","slug":"egypts-ict-digs-into-global-investment-with-tech-mega-stmicroelectronics","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/05\/14\/egypts-ict-digs-into-global-investment-with-tech-mega-stmicroelectronics\/","title":{"rendered":"Egypt\u2019s ICT digs into global investment with tech mega STMicroelectronics"},"content":{"rendered":"

Egypt\u2019s Minister of Communication and Information Technology Amr Talaat has received on Saturday STMicroelectronics\u2019 executive vice president Ricardo De Sa Earp to discuss the company\u2019s investment plans in the North African country.<\/p>\n

STMicroelectronics, a French-Italian multinational electronics and semiconductors manufacturer that based in Switzerland, decides to launch a research and development centre in Maadi Technology Park. This centre will be the first specialised investment zone in Egypt.<\/p>\n

\"\"
STMicroelectronics
\nPhoto credit : REUTERS\/Denis Balibouse<\/figcaption><\/figure>\n

Talaat entrusted the company\u2019s step to develop its investments in such an important industry, in particular in light the increasing global demand for electronics. This meeting was in the presence of Amr Mahfouz, CEO of Egypt\u2019s Information Technology Industry Development Agency (ITIDA).<\/p>\n

\u201cEgypt is set to work on improving its capabilities in the telecommunications industry, supported by its competitive advantages in the value-added service (VAS), which would encourage the business of global tech leaders operating in the country,\u201d the minister said.<\/p>\n

\u201cMinistry\u2019s decision to promote an enabling environment for this industry, as part of President Abdel Fattah Al-Sisi\u2019s initiative \u201cEgypt Makes Electronics\u201d for entrenching local electronics design and manufacturing, as a main key of economic growth.\u201d Talaat stressed.<\/p>\n

Furthermore, the company\u2019s vice chief uncovered his institution\u2019s plans for developing its business in Egypt, fostering mutual cooperation with ITIDA, and entering into partnerships with national specialized colleges and universities.<\/p>\n

\u201cSTMicroelectronics looks forward to using its centre in Egypt for bringing about a paradigm shift in the electronics & semiconductors industry and electronic circuit design research.\u201d De Sa Earp added.<\/p>\n

STMicroelectronics Inc. offers production services for electronics products including semiconductors, multimedia products, power applications, and sensors. The company works and distributes products all over the world.<\/p>\n

\n
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Egypt\u2019s Minister of Communication and Information Technology Amr Talaat has received on Saturday STMicroelectronics\u2019 executive vice president Ricardo De Sa Earp to discuss the company\u2019s investment plans in the North African country.<\/p>\n","protected":false},"author":4,"featured_media":320864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-325468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-invest"],"yoast_head":"\nEgypt\u2019s ICT digs into global investment with tech mega STMicroelectronics - egy-africa<\/title>\n<meta name=\"description\" content=\"Egypt\u2019s Minister of Communication and Information Technology Amr Talaat has received on Saturday STMicroelectronics\u2019 executive vice president Ricardo De Sa Earp to discuss the company\u2019s investment plans in the North African country.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2022\/05\/14\/egypts-ict-digs-into-global-investment-with-tech-mega-stmicroelectronics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s ICT digs into global investment with tech mega STMicroelectronics - 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