Element Group was established in 2019 as a joint venture of RTI Microelectronics (controlled by Sistema) and RosElectronics, that contributed to the JV controlling stakes in 20 enterprises operating in the area of development and production of microelectronic component base. Today the Group is the leader in the Russian microelectronics industry in terms of sales and technology level.
Element Group is comprised of the most advanced Russian enterprises operating in the field of microelectronics development, production and design. The products developed by the company are supplied as input material for the manufacturing, telecoms, financial and energy sectors, thus facilitating the implementation of projects aimed at development of the digital economy.
Element's development strategy envisages growth of production capacity, expansion of product output, and aims to achieve the following goals:
Business scale growth
Scientific and technological development
Development of design centres
Implementation of the road map for development of the high-tech segment "New generations of microelectronic products and development of electronic component base" subject to approval by the Russian government
Facilitation in development and implementation of effective government support measures in the microelectronics industry
Improvement of operational efficiency.
Achievement of these strategic goals will allow for a considerable increase in value of Element's assets and simultaneously address the priority objectives of Russia in the area of ensuring technological independence of critical information infrastructure.