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SZIJJÁRTÓ: CHIPMAKER ARM EXPANDS BUDAPEST DEVELOPMENT CENTRE

 

Chipmaker ARM Hungary will enlarge its Budapest development centre and create 60 jobs for development engineers, Foreign Minister Péter Szijjártó said. The government is contributing a grant of 757 million forints to the 3 billion forint (EUR 8.6m) budget, he said. The minister said such investment projects “provide a basis for the continuous strengthening of the Hungarian economy”, and the country had been well-placed to “use the economic crisis to its own benefit and become the winner in a new era of the global economy”.