Due to the global shortage of components in the electronics industry worldwide, as well as the unstable business environment due to the Covid-19 pandemic, HansaMatrix priority in Q3 was not to invest in the development of the technology included in the project.

The global crisis in component supply chains in the electronics industry is expected to continue until the third quarter of 2022, by this time HansaMartrix plans to resume investments in the development of the technology included in the project.

 Project total investment amount is 2.899 million EUR. EU and Latvian government grant amount is 1.015 million EUR. The rest of the project will be financed from the company’s own and bank loan resources.