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Rusnano will appropriate funds of 1.8 billion rubles to company Sitronics-nano to ICs production

OJSC Rusnano will appropriate funds of 1.8 billion rubles to Company "Sitronics-nano" on the project for mass production of chips with 90 nanometer design technology, Interfax reported.

The decision was taken at the first meeting of the Board of Directors Rusnano March 24.

As the press service of the company reported, the money will be allocated "subject to the attraction of the project by a similar amount in the form of a loan from a commercial bank."

"Sitronics-nano" is a joint venture established on October 2009 in collaboration with Rusnano to produce chips on 90 nm technology at the facilities of Micron.

Source: http://www.osp.ru

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