Over 60% of the semiconductor manufacturing equipment at the Element holding group was produced before 2000, with 43% of the machinery exceeding 35 years of age.
Kirill Dybko has been named the new president of the Russian microelectronics holding Element, as the company prepares to transition to a new management structure by the end of 2026.
Kontrakt Holding, part of the Element group, has begun supplying Chinese semiconductor manufacturing equipment to third-party Russian companies, having already imported over 100 units.
Element subsidiary Kontrakt Holding has launched large-scale imports of Chinese semiconductor manufacturing equipment, delivering over 100 units to the Russian market.
Nanotronika, a subsidiary of the Element group, plans to cut 20% of its staff, affecting approximately 20 engineers amid rising financial losses.
Sberbank has injected 16.5 ₽ billion into the capital of Integralnye Sistemy, a key stakeholder in the Element microelectronics holding, amid plans for industry consolidation.
