| Russia to Invest in Domestic Electronics Industry |
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| Written by Kathy Nargi-Toth | |||
| Monday, 17 September 2007 12:46 | |||
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MOSCOW - The Industry and Energy Ministry announced that up to $5.8 billion would be spent through 2025. The allocation of between 140 billion rubles ($5.5 billion) - 150 billion rubles ($5.8 billion) over the next 15 – 20 years is designed to ensure development and production of domestic electronic components. The Industry and Energy Ministry said that by 2011 Russian producers would use up to 70% of the available Russian electronic components compared to the current level of 35%. “We can expect scientific-technical cooperation to achieve advances, as well as a breakthrough in new technologies, including nanotechnologies, bioelectronics, optoelectronics and quantum computers, by 2025,” according to the ministry statement.
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| Last Updated on Tuesday, 18 September 2007 10:35 |
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