RUSNANO Withdraws with Profit from the Project with Mikron

31 October 2016

RUSNANO proceeds to selling the share in its portfolio company PJSC Mikron (previously OJSC Research Institute for Molecular Electronics (RIME) and Mikron). AFC Sistema acts as the buyer in the deal. The withdrawal will be implemented before the end of 2017. Total income will amount to 8.1 billion rubles.

RUSNANO entered the project in 2009 to create on the basis of Mikron a technological line for the production of integrated microcircuits with a topology of 90 nm, which was launched in February 2012. At the end of 2014 the Company released the first domestic dual-core microprocessor “Elbrus-2CM” developed by CJSC MCST and manufactured using 90-nanometer technology.

Today, Mikron is the largest manufacturer of microelectronics in Russia, CIS and Eastern Europe, the only Russian semiconductor manufacturer working on topological norms of 180-90-65 nanometers. Mikron supplies its products to Russian and foreign customers, including communications providers, largest national transportation companies, banks and public authorities and institutions. The range of Mikron products include microprocessors for electronic identification documents, bank cards of NPCS “Mir” and SIM-cards, RFID-chips and tags for various applications, smart cards on their basis, discrete semiconductors, power management chips and aerospace electronics.

“I think the project with Mikron is a landmark not only for RUSNANO, but also for the Russian economy as a whole, because microelectronics is the basis for many innovative sectors. Internet of Things, self-driving vehicles, augmented and virtual reality, space, robotics—it is difficult to find a modern sector without an electronic microchip in its core. Moreover, the creation of its own microelectronic base is also the issue of stability and competitiveness of the country. I also want to note that in our project AFK Sistema has shown itself as a reliable and professional partner, and we look forward to further mutually beneficial cooperation,” said Oleg Kiselev, Deputy Chairman of the Board of the Management Company RUSNANO.

Additional information

Reference

RUSNANO Joint-Stock Company was founded in March 2011 through reorganization of state corporation Russian Corporation of Nanotechnologies. JSC RUSNANO contributes to implementation of the state policy on the development of the nanotechnology industry by investing directly and through investment funds of nanotechnology in financially effective high-technology projects providing the development of new production facilities in the Russian Federation. Its primary investment focus is in electronics, optoelectronics and telecommunications, healthcare and biotechnology, metallurgy and metalwork, energy, mechanical engineering and instrument making, construction and industrial materials, chemicals and petrochemicals. 100 percent of RUSNANO’s shares are state owned. Thanks to RUSNANO’s investments, there are currently 95 factories and R&D Centers opened in 37 regions in Russia.

Management of assets of RUSNANO JSC is carried out by Limited Liability Company established in December 2013, RUSNANO Management Company. Anatoly Chubais is the Chairman of its Executive Board.

Work to establish nanotechnology infrastructure and carry out educational programs is fulfilled by RUSNANO’s Fund for Infrastructure and Educational Programs, which was also established during the reorganization of the Russian Corporation of Nanotechnologies.