11 Dec 2019 11:21

Deputy PM Borisov calls for radical change in Russian microelectronics

MOSCOW. Dec 10 (Interfax) - Russia is seriously lagging behind other countries in microelectronics, Deputy Prime Minister Yury Borisov said.

"Today it would be silly just to say that Russia has some serious serial microelectronic manufacturing. We don't even exist in global statistics, we are not present. This is a shame. We need to draw conclusions that you cannot simply abandon the industry and treat it in this way. Of course, serious steps, more dynamic steps should be proposed to change this situation radically. We cannot fail to change," Borisov told a conference, entitled "Electronics in Russia; the future of the industry," on Tuesday.

This industry determines the development dynamic of the whole manufacturing, he said.

Decision-making is impeded by bureaucracy, the official said.

"We do not have the necessary infrastructure, the necessary number of design centers," Borisov said.

The state should create conditions to attract more investment into microelectronics, he said.

"Can you give me an example of anyone from our Forbes Top 30 investing in this area? None. Perhaps, only Yevtushenkov [AFK Sistema board chairman Vladimir Yevtushenkov], I don't know anyone else," Borisov said.