In order to promote production of microchips, which are currently of global importance for manufacturing of a vast array pf electronic devices, the University of Latvia, the Riga Technical University, Ministry of Education and Science, Ministry of Economy, Electronic Communications, LMT, "Tet", "Mikrotik", Confederation of Latvian Employers and the Liepaja Special Economic Zone Authority signed a Memorandum of Understanding to further promote Latvia’s capacity in the sphere of manufacturing of micro schemes for electronics industry. The Memorandum demonstrates Latvia's desire to participate in the semiconductor economy. The Liepaja SEZ has been identified as a potential location for the microchip production plant.
As the CEO of the Liepaja SEZ Uldis Hmieļevskis emphasized, this is a national-scale economic development initiative, which requires, first of all, serious work in the education sector, motivating young people to learn exact subjects, and serious, targeted investments in the development of science and research. Liepaja has clearly selected its direction towards the development of innovative and modern business technologies, and the LSEZ Authority has long since included sustainable thinking in its genetic code, clearly selecting education, innovation and circular economy as the basic principles of its development and therefore has been chosen as the potential site where production of microchips could be developed.