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Russian minister notes lack of ripe technology, products in hardware design area

It is noted that there are no problems with software in the country

MOSCOW, November 10. /TASS/. There are no ripe technologies and products when it comes to the development of hardware and the component base in Russia, Minister of Digital Development, Communications and Mass Media Maksut Shadayev stated at a forum of innovative financial technology Finopolis 2022 on Thursday.

"There are niches where we have no ripe technologies and products. This concerns hardware and the component base," he said.

However, there are no problems with software in the country, the minister added. Previously, it was difficult for Russian IT solutions to compete with foreign ones, he said, noting that the ministry has implemented a range of measures offering additional incentives for Russian companies to purchase locally-developed technologies.

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