A memorandum has been signed regarding one more microelectronic center building in Gusev for MRAM memory production

JSC RUSNANO together with the Crocus Technology SA, and the General Satellite Corporation agreed on constructing in Gusev a new Russian microelectronic center for magnetoresistive memory modules production (MRAM technology).With the creation of a new and effective innovative development pole in the Kaliningrad region, Russia (for the first time in the recent history) would sell IT-products abroad, primarily in Europe and join the struggle for the MRAM promising technologies international market.

The Enterprise is created on the innovative infrastructure basis of the Technopolis Gusev largest electronic industry cluster, and its products would successfully compete - according to their characteristics and reliability - with such giants as Samsung, Texas Instruments, Toshiba, Renesas and others.

The Project aims at exporting, therefore the European electronics manufacturers would become the Russian IT-products’ main consumers.

Originally, Moscow and Kaliningrad region were considered sites for the production center construction. Advanced technologies leading developers’ attention has been attracted to the Kaliningrad Project Technopolis Gusev, implemented based on best international practices.

The start of negotiations between the parties took place during the trilateral meeting at the international business conference for the production of micro- and nanoelectronics “Si-Forum 2011" held in February this year in Gusev.

June 29, 2011, in St. Petersburg, at the General Satellite Corporation office, a trilateral working meeting was held to discuss the Project financial details. It was attended by Mr. A.G. Tkachenko, the General Satellite President, as well as by the Corporation Departments’ Directors, Mr. D.N. Lisenkov - Rusnano Managing Director, Mr. Bertrand Combu the President of Crocus Technology SA, Mr. V. Krupnik - Chief Project Manager, Crocus Technology SA, as well as Mr. M. Konyshev - the CEO, Crocus Nano Electronics.

At the negotiations, the Sides confirmed their interest in cooperation with the General Satellite. It was also agreed that the Project’s legal agreements would be designed in July this year.

It is assumed that after putting the Project into operation in Technopolis Gusev, a complete microelectronics production cycle - from the silicon wafer and up to finished products - would be established.

The Project investment: about 130 million Euro.

Estimated production: more than 25000 silicon wafers with applied nanoscale structures (CMOS) per year.

Construction commencement according to the plan: the 1st quarter of 2012.

Construction completion according to the plan: the 1st quarter of 2013.