Russia
In 1993 NIITT and Angstrem Factory were privatized as a single company, Angstrem.
Sergei Veremeyenko acquired control of the three companies in 2004. In June 2008, these companies were transferred to a management company OOO Group Angstrem.[5]
In 2008 Angstrem JSC partnered (formed a corporate group) with an Angstrem-T company and promised to pay its debt of a loan given by a Russian state bank VEB.RF if the latter fails to pay it.[6][7]
In early 2009, 50 percent of the shares of Angstrem and JSC Angstrem-M owned JSC Coal Trade and JSC Finance Contract Group were controlled by Sergei Veremeyenko. 25 percent belonged, through the Ruselectronics holding company, to the State Corporation Rostec and the Russian Federation. 11 percent were owned by the concern Sitronics, and 14 percent by minority shareholders.[8]
In August 2009, it was reported that Veremeyenko planned to transfer its stake in OAO Angstrem, JSC Angstrem-M, Renaissance Capital, Federal Property Management Agency and Management Angstrem in exchange for a promissory note debt, which is estimated at 200 million rubles.[8]
In June 2012, JSC Russian Electronics increased its stake in OAO Angstrem up to 31 percent.[9]
By 2014 it reportedly adopted an insulated-gate bipolar transistor technology.[4]
In 2017 however the Angstrem-T was hit hard by American sanctions and filled for bankruptcy. In 2018 the VEB.RF became a primary owner of the Angstrem-T and started to sell its equipment. It was reported that by the time of bankruptcy the Angstrem-T didn't reach 250 nm node process.
In 2021 Russia adopted a microelectronics development strategy for the period up to 2030, which involves the creation of Russian silicon factories with production standards of 28 nm, 12-14 nm and even 5-7 nm, operating according to the Foundry production business model.[10]
In May 2023 the management of NPO Angstrem was transferred from L. Reiman's company to the Rostec structure; the decision does not provide for the seizure of assets.[11]
