Production of electronics in Russia to increase by 20% in 2023 - Chernyshenko

MOSCOW. Oct 10 (Interfax) - Production of electronics in Russia will grow by more than 20% in 2023, Russian Deputy Prime Minister Dmitry Chernyshenko said.

Growth in 2022 amounted to 15%. The revenue of domestic microelectronics design centers has doubled over the year, the deputy prime minister said.

"Russian companies began to quickly occupy the vacated niche and build their own technological ecosystem with reliance on scientific and production potential. Anchor projects are being implemented to create advanced technological equipment for semiconductor production, new production sites are being built. The largest trading companies are being transformed into trade and industrial holdings. This ensures exponential growth of private investments in development and production," Chernyshenko said in a video message to the participants of the Microelectronics 2023 forum.

He said that it is possible to achieve the goal of the industry development strategy - domination of Russian manufacturers in the domestic market. At the same time, the fundamental task is not only to create competitive radioelectronic products, but also to ensure guaranteed demand for them.

"Domestic microelectronics should already in the foreseeable future take leading positions both domestically and abroad," Chernyshenko said.