Rostelecom CEO sees challenge in local devt of microelectronics
MOSCOW, Jul 5 (PRIME) -- President of Russian state-controlled telecom operator Rostelecom Mikhail Oseyevsky said late Wednesday that he is worried about the state of microelectronics in the country and views it as a global challenge for the digital economy.
УThe digital economy is mainly based on equipment. We do not have mass chips or mass processors. ItТs a global challenge,Ф Oseyevsky said at a conference devoted to the digital economy.
УThe digital economy requires a huge number of meters, hundreds of millions or billionsЕThey all have processors. We do not manufacture such processors in Russia nowЕItТs a global problem that exists. I hope the new government will find approaches to its solutions.
In order to become a big manufacturer of microelectronics, it involves Уenormous investments and enormous markets.Ф A solution could be found in cooperation with corporations, for example, Chinese makers or others. УItТs a challenge and a problem in our digitalization program,Ф the executive said.
The countryТs market of civil electronics is about 120 billion rubles, but only 12% of companies are local.
(63.2267 rubles Ц U.S. $1)