Major Microelectronics Investment for Sistema

April 25, 2001 — MOSCOW — AFK Sistema officials this week said the company plans to spend $500 million for the creation of a cleanroom in Zelenograd that will focus on microelectronics.

“This will enable the production of microelectronics with projected norm of 0.35-0.18 microns, the level at which world producers Infineon and Intel now work,” Levan Vasadze, Sistem’a first vice president was quoted as saying in a report by the Interfax Daily News service.

The project is expected to last four years.

Vasadze also told a group of visiting U.S. businesspeople on Tuesday that the company also plans to upgrade its existing cleanroom. The $50 million upgrade project will allow production with 0.8 microns to be transferred to production with 0.5 microns.

Vasadze also told the group that electronics has become a top concern.

“Priority industries for us are electronics together with communication, insurance, and tourism, ” he said.

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