Element Group of Companies will release the first domestic equipment for the production of power transistors by the end of 2024. The project is funded with the support of the Ministry of Industry and Trade with co-financing from Element

The equipment will be in demand in electric transport, household appliances, telecommunications equipment and other industries. In the future, the volume of Russian production of power microelectronics will increase from 2% to 70%

Element already sees interest from 15 customers and plans to expand production, including exports. Total investments in the project amount to 19.5 billion rubles

“The development of the real sector of the economy with full-scale import substitution and ensuring full technical and economic sovereignty of our country is a strategic priority and a necessary condition for economic growth. It is especially important that this happens primarily in high-tech areas of production on the domestic scientific and technological base,” said Alexander Galushka, Deputy Head of the Public Chamber of the Russian Federation

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