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Element Group of Companies was established in 2019 and unites Russian microelectronics enterprises, including JSC Semiconductor Devices Plant, NZPP with OKB JSC, NIIME JSC, NIIET JSC, NIIMA Progress JSC.
History
2024
Preparing for IPO
The Element group of companies plans to go public by the end of 2024. This was reported on March 13, 2024 by Vedomosti.
According to sources familiar with the preparations for the IPO, the company expects to receive an estimate of 100-150 billion rubles. "Element" aims to attract 10-15 billion rubles to finance a large-scale investment program. If these goals are achieved, Element's IPO may become the largest in the Russian technology sector in recent years.
Element was created in 2019 and is a joint venture between Rostec and AFK Sistema. The share of "Element" in the Russian electronics market reaches tens of percent. The GC includes 19 enterprises operating in the field of development, production and design of microelectronics. The group includes such enterprises as Micron, Research Institute of Electronic Technology, Research Institute of Electronic and Microelectronic Equipment Progress, Semiconductor Device Plant, Novosibirsk Semiconductor Device Plant with OKB, Voronezh Semiconductor Device Plant and other companies. Micron is considered the main asset of the Element.
The "element" is engaged in the production of microcircuits, semiconductors, as well as various radioelectronic equipment. In addition, Element is the only manufacturer of chips for foreign passports in Russia, as well as one of two manufacturers of chips for bank cards.
According to experts, an important factor in the success of a potential IPO is the growth of state support for the sector, which has grown significantly in recent years.
 | "According to the data, Ministry of Industry and Trade 2023 billion rubles were allocated for state support of the sector 150 year, and 2024 billion in 210, so the potential of domestic companies is really huge here," Alexander Abrahamyan, head of the group for working with wealthy clients, commented on Alpha capital the news.[1] |  |
Construction of a plant for the production of radio modules for base stations in Tomsk for 2.5 billion rubles
The Element Group of Companies intends to launch in Tomsk the development and production of modules and components for base communication stations. This was announced on March 12, 2024 by Kommersant.
Tomsk State University may become an Element partner in this enterprise. The university will take over the training of personnel and research. It is planned that 150 university students will take part in the design and production. In addition, functional control of products will be carried out on the basis of the TSU collective design center.
According to Kommersant, at the moment a number of Russian electronics manufacturers are developing radio modules within the framework of the roadmap. According to experts interviewed by the media, market participants assess the project positively, but hope that import substitution will not only be declarative. Thus, the representative of the Proteus company (the company is also developing various solutions in the field of communication within the framework of the roadmap) expressed the hope that "the intentions of colleagues will be embodied in the correct implementation of real import substitution, and not declarative."
| | Russian companies can be the first to be transferred to the domestic electronic component base. For manufacturers of base stations, it is necessary to ensure a full cycle of their configuration and calibration, including in finished products, which we intend to do within the framework of this project - said JSC Element. | |
Judging by the project's roadmap, Element JSC (a joint venture between Rostec and AFK Sistema) plans to start producing the entire range of components for equipment. The development and production of components for radio modules will be engaged in the Research Institute of Electronic Technology, the Research Institute of Molecular Electronics, JSC Semiconductor Device Plant and others.[2]
2023: Element created the Nanotronics Company
In early July 2023, information appeared that the Element group, a joint venture of the state corporation Rostec and AFK Sistema, formed a new company called Nanotronics. Read more here.
2021
Agreement on the creation of the consortium "University 360"
GC "Element," North-Eastern Federal University named after M.K. Ammosov, "Almazergienbank" and the online school Skyeng on September 6, 2021 announced the signing of an agreement on the creation of the Consortium "University 360." Read more here.
Agreement with Znak M on cooperation in the production of RFID tags for registration marks
On April 15, 2021, Element Group of Companies announced a number of high-tech developments in the field of microelectronics, RFID and identification, smart transport, information infrastructure, etc. For the strategic development of the group of companies, an agreement was signed with Znak M LLC.
The document regulates cooperation and interaction between companies in the implementation of the project in the field of production of RFID tags for registration marks. The solution allows you to control automatic blocking devices, including barriers, gates, bollards for private and commercial applications.
In accordance with the agreement, a joint company Element Group of Companies and ZNAK M LLC will be created by the end of 2021. The organizational and legal form of the organization will be a limited liability company.
As specified in the text of the document, the Element group of companies will provide the newly created enterprise with the supply of UHF RFID chips for the plate of state registration plates of vehicles (GRZTS), provide a room for organizing the production of modules and transfer the developments necessary for the implementation of the project.
ZNAK M LLC, in turn, undertakes to supply the necessary equipment and materials for organizing the RFID chip module plant for GRZTS in the Russian Federation, as well as provide technologies for the production of chip modules and the implementation of the registration plate concept.
2020
Agreement with MIET in the development of the scientific, technological and production potential of the Russian microelectronic industry
On December 24, 2020, Element Group of Companies, which unites Russian microelectronics enterprises, announced that, together with the technical university of Russia in the field of high technologies, the National Research University MIET signed an agreement on cooperation in the development of the scientific, technological and production potential of the Russian microelectronic industry, the formation of competencies, promotion to the markets of solutions for complex technical systems and industry ecosystems.
| | This cooperation agreement has become a logical continuation of the work that is already underway with the enterprises of the Element group. Our joint projects will affect not only the training of personnel for domestic microelectronics, but also the development of scientific schools, such as nanophotonics, spintronics, plasmonics and others, - said the rector of MIET, professor Vladimir Bespalov. | |
| | Signing an agreement with MIET is a natural step for us in training specialists in the field of microelectronics in Russia, as well as attracting talented youth to the industry. The partnership will allow us to unite our efforts in the development of the competencies of employees of the future, who will be able to solve high-tech problems and implement digital projects in such industries as artificial intelligence, mechanical engineering, medicine, transport, power, the basis for digitalization of which is microelectronics, "said Oksana Kukharchuk, Member of the Board, Vice President for Personnel Management of Element JSC. | |
The agreement provides for the joint activities of Element Group and NIU MIET, which will allow combining competencies, organizational resources and reputations for the development of markets, increasing the efficiency of developments and implementations in various sectors of the economy, regions and countries based on the electronics ecosystem as part of the implementation of the Strategy of Scientific and Technological Development of the Russian Federation, the program "Digital Economy of Russia," the Strategy for the Development of the Electronic Industry of the Russian Federation.
Element Group and NIU MIET will focus on the development of technologies for the development and production of microelectronic components, the infrastructure of joint educational, innovation and production centers, a training system, as well as on comprehensive research and development work with the subsequent organization of serial production.
The cooperation agreement is designed for three years with the possibility of prolongation.
Among the founders of the Consortium "Telecommunications Technologies" (ANO TT)
On April 21, 2020, Micron informed TAdviser that the state corporation Rostec, Rostelecom and the Element group of companies, with the support of the Ministry of Industry and Trade, are joining forces to bring Russian electronic products to the market. The Consortium "Telecommunications Technologies" (ANO TT) was created, the purpose of which is to form the conditions for the implementation of the state strategy in the field of import substitution and the development of domestic development and production of radioelectronic products, localization of equipment for the telecommunications industry, as well as creating demand for the domestic electronic component base. One of the founders of the consortium was the Element Group of Companies. Read more here.
Joining the Consortium of Russian Developers DSS
On February 19, 2020, TAdviser became known that leading domestic high-tech companies announced the creation of a "Consortium of Russian DSS Developers." The organization includes the developer of storage and virtualization tools "Aerodisk," the Institute of Software Systems named after A.K. Aylamazyan RAS, the company "Norsi-Trans," GC "Element," "BASEALT," as well as JSC "MCST" - the developer of processors "Elbrus." Read more here.
2019
Creation of a joint venture with Norsi-Trans - Yakhont
On January 24, 2020, it became known about the creation of Yakhont LLC, a joint venture of the equipment supplier for the implementation of the Yarovaya Law, Norsi-Trans and Element (the structure of AFK Sistema and Rostec). Read more here.
Agreement with NTC "Module" and "Hi-Tech" on cooperation in the development of AI technologies in Russia
On December 13, 2019, the Element company informed TAdviser that it had agreed with the STC Module and the Hi-Tech group of companies on joint actions to create hardware platforms and solutions in the field of artificial intelligence technologies (AI) in Russia.
In particular, Element, a single operator of a cluster of microelectronic enterprises in Russia, Hi-Tech, a developer of a tensor microprocessor, and the Module scientific and technical center, a player in the Russian market for knowledge-intensive technologies and a developer of a domestic neural network platform based on its own NeuroMatrix architecture, signed an agreement on joint promotion of interests in the field of artificial intelligence, creating an industry consortium.
Companies intend to jointly develop strategies to provide the Russian market with domestic hardware solutions in the field of AI, which should reduce dependence on foreign manufacturers of specialized AI computers, create an ecosystem for training neural networks, and offer new solutions in the field of electronics with support for AI functions.
In addition, the parties will be engaged in the formation of joint proposals on amendments to regulatory legal acts and acts adopted by various organizations, as well as the organization of measures aimed at bringing the position of the consortium participants to the subjects of legislative initiative.
The agreement as a whole is aimed at supporting the National Strategy for the Development of Artificial Intelligence until 2030 and the federal project "Development of Technologies in the Field of Artificial Intelligence." Among the priority activities of the consortium planned for the end of 2019 is the organization of participation in the intersectoral alliance for the development of artificial intelligence, specified in the "Element."
Agreement with Skoltech and MTS on cooperation on the development of equipment for 5G networks in Open RAN standards
Element, MTS and Skolkovsky Institute of Science and Technology (Skoltech) signed a tripartite agreement on cooperation in the development and production of equipment for 5G networks in open international standards Open RAN in Russia. This was reported on December 10 of the year in the "Element." Read more here.
Opening of the Russian center for collective design of electronics based on FEFU
On September 6, 2019, the Element company informed TAdviser about the opening of the first Russian collective design center in the Far East (CPC Vostok). The center was formed on Russky Island on the basis of the Engineering School and the School of Digital Economics of the Far Eastern Federal University. Read more here.
Creating a Company
On July 15, 2019, Rostec and AFK Sistema announced the creation of a joint venture in the field of microelectronics. The company was named "Element."
As a result of the transaction, Sistema's share in Element amounted to 50.01%, Rostec - 49.99%. Taking into account the difference in the value of the contributed assets, AFK bought a controlling share for 1.35 billion rubles. For the organization, an installment plan for the payment of cash-out is provided.
The agreements consolidate the transition of the controlling share in favor of RTI-Microelectronics, Dmitry Lelikov, deputy head of Rostec, told TASS.
The deal providing for the creation of AFK Sistema and Roselectronics (a subsidiary of Rostec) of the combined microelectronics company was planned to be closed before the end of the first quarter of 2018. However, the partners froze the project due to litigation between AFK Sistema and Rosneft. After the settlement of legal disputes, negotiations between Rostec and Sistema were resumed.
According to Lelikov, the leading microelectronic enterprises of the country are united within the framework of the "Element," which will create the leader of the electronic component base market (ECB) of Russia, will ensure the accelerated development of the microelectronics market.
| | We expect that the joint venture will become a key supplier of ECB for the infrastructure of the digital economy of the Russian Federation, which will simultaneously solve two problems - to ensure the technological leadership of the state and significantly increase the shareholder value of the company, he said. | |
"Element" will take part in the implementation of projects in the field of creating electronic documents - a universal electronic passport, a single ticket system for public transport. In addition, the joint venture plans to become a center of competence in the field of artificial intelligence hardware, special materials and 3D assembly technologies.[3]
Notes
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