A joint investment for the production of semiconductors will be launched between Türkiye and Qatar, the industry and technology minister said 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 Kacır said at a news conference in the capital Ankara.

Türkiye Aims to Attract Global Investors in Semiconductor Industry

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

Türkiye Accelerating Investments in New Generation Vehicles

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

1 Million Units of Türkiye’s First Indigenous Electric Car Brand by 2032

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.