Türkiye, Qatar to launch joint investment for chip production

12:03, 15/07/2023, Saturday
AA
Türkiye, Qatar to launch joint investment for chip production
File Photo

Investment for 65-nanometer chip production in Türkiye projected to be worth over $60M, says Turkish technology minister

Türkiye and Qatar will launch a joint investment for semiconductor production, the Turkish industry and technology minister said on Friday.

"Qatar decided to move its investment for producing 65-nanometer chips to Türkiye. It is projected to be worth over $60 million," Mehmet Fatih Kacir said at a news conference in the capital Ankara.

He added that Türkiye aims to attract more global investors for large-scale investments in the semiconductor industry.

Türkiye is working on accelerating investments in new generation, hybrid and electric vehicles, to boost its export capacity and meet domestic demand, Kacir said.

He said that 1 million units of Türkiye's first indigenous electric car brand Togg will be produced by 2032.

Togg began selling its first model, the T10X, in the domestic market and plans to deliver 20,000 units of electric cars within this year.

Comments
Avatar

Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.

Page End
Turkey's Accumulation. International Media Group.

Welcome to the news source that sets Turkey's agenda! With its impartial, dynamic, and in-depth journalism, Yeni Şafak offers its readers an experience beyond current events. Get instant updates on what's happening in Turkey and worldwide, with news spanning a wide range from politics and economy to culture, arts, and sports. Access the most accurate information anytime, anywhere with its digital platforms; keep up with the agenda with Yeni Şafak!

Follow us on social media.
Download Mobile Apps

Carry the agenda in your pocket! With Yeni Şafak's mobile apps, get instant access to the latest news. A wide range of content, from politics to economy, sports to culture and arts, is at your fingertips! Easily download it on your iOS, Android, and Huawei devices to quickly access the most accurate information anytime, anywhere. Download now, don't miss out on developments around the world!

Categories
Albayrak Media

Maltepe Mah. Fetih Cad. No:6 34010 Zeytinburnu/İstanbul, Türkiyeiletisim@yenisafak.com+90 212 467 6515

LEGAL DISCLAIMER

The BIST name and logo are protected under a 'Protection Trademark Certificate' and cannot be used, quoted, or modified without permission. All information disclosed under the BIST name is fully copyrighted by BIST and may not be republished. Market data is provided by iDealdata Financial Technologies Inc. BIST stock data is delayed by 15 minutes.

© Net Medya, All right reserved. 2026