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Russia to allocate $2.5 bln to develop microelectronics industry — PM

August 03, 17:48 UTC+3
Russian microelectronics program funding will be over $2.7 bln in 2013-2025
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ZELENOGRAD, August 3. /TASS/. Over 170 bln rubles ($2.5 bln) will be allocated to finance the national microelectronics industry development program by 2025, Prime Minister Dmitry Medvedev said on Wednesday.

"Fairly huge amounts are allocated for these goals," Medvedev said. "Total financing of programs from the federal budget will be over 170 bln rubles ($2.5 bln), for the period from 2013 to 2025," he said.

At the same time, the share of national electronics should grow 1.5 times on the national market and the share of export - by 3.5 times, Medvedev said.

"Target figures are in place: the share of domestic radio electronics should grow 1.5 times on the domestic market, at least to 36% by 2025, while export should be up 3.5% times against the year of 2015, that is, by 350%," he added.

Guaranteed government procurements of domestic microelectronics will amount to 75 bln rubles ($1.1 bln) by 2018 year-end.

Export problems

According to the premier, growth rate of the Russian microelectronics industry is about 10% per year but a problem with export exists.

"The segment is developing fairly quickly at large; the annual growth rate is about 10%," the PM said. "However, problems are also in place: production is largely focused on domestic consumers for the time being," Medvedev added.

The microelectronics segment determines the development area of industrial technologies for coming decades, the premier said. "Its development is of particular significance for the economy and for security provision," he said.

Russian electronic products are largely focused on the domestic market but export should also be taken into consideration, Medvedev said.

"Less than 25% of products are exported so far," he said. "The share of Russian products on the domestic market has not yet become material; it is 20%," he added.

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