News: Microelectronics
23 July 2024
Russia’s Element and ETU LETI form joint venture Letiel
The joint venture Letiel LLC has been formed, owned 51% by Russian microelectronics company PJSC Element and 49% by St Petersburg Electrotechnical University LETI (ETU LETI), according to data from the Unified State Register of Legal Entities (USRLE), reports Moscow-based news agency Interfax. The JV is headed by Element’s technology development director Konstantin Okunev.
“We plan to actively develop the area of high-tech power semiconductor devices and in future take leading positions among global manufacturers of silicon carbide devices,” says Element’s president Ilya Ivantsov. “The objective of the joint venture with LETI will be to develop and research technologies to produce silicon carbide devices, on the basis of which we will be able to build a modern and competitive power electronics product and technology line for various sectors of industry.”
The new JV will perform R&D on SiC-based power devices, for application in electric vehicles, aircraft navigation systems and other sectors.
The venture also plans to study and design promising photon integrated circuits (highly stable optical signal generators on ring resonators), used in equipment for cellular networks, satellite systems and radio-location.
“Mass production of solutions in the area of the electronic component base for power electronics and photon integrated circuits will be rolled out at the facilities of Element Group’s new plant in Zelenograd,” the firm says.
Element was formed in 2019 from 19 microelectronics design, development and manufacturing assets belonging to investment group Sistema PJSFC and state corporation Rostec. Element’s key portfolio companies are chip factory Mikron and microchip, molecular electronics research institute NIIME and electronics research institute NIIET. The group now includes about 30 enterprises.
