The microelectronics industry in Russia has the potential to receive one of the largest investment boosts in its history. Sberbank has developed a plan of action for the United Microelectronics Corporation (OMC), which proposes an investment of approximately 1.101 trillion rubles in the development of the new corporation through 2036. The document was submitted to the Russian government for approval in September 2026, as reported by CNews.
The figure denotes the total proposed financing for OMC, rather than a direct investment of the entire amount by Sberbank. The strategy involves a combination of government funding and bank investment. However, the proposal’s magnitude underscores the gravity with which Russia is pursuing the establishment of a domestic microelectronics industrial base.
More than one trillion rubles for a microelectronics giant
The majority of the proposed funding, 1.031 trillion rubles, is anticipated to be allocated to the direct development of OMC’s manufacturing capacity. An additional 50 billion rubles is proposed for research and development, which includes the design of microelectronics. A dedicated fund that supports promising technologies would receive an additional 20 billion rubles.
Consequently, the goal is not merely to establish an administrative framework that consolidates numerous existing organizations. It is the goal of OMC to establish a comprehensive industrial platform that integrates semiconductor manufacturing, component development, and the eventual production of more intricate electronic products.
In 2026, it was projected that the future corporation would receive an investment of approximately 1 trillion rubles until 2030. The initial model anticipated 750 billion rubles in government financing and 250 billion rubles from Sberbank. The proposed overall funding envelope is increased, and the investment horizon is extended to 2036 under the new strategy.
Funding to be Disbursed in Stages
The investment program is intended to unfold over a period of several years. Approximately 142 billion rubles are anticipated for OMC in 2026, with 10 billion rubles coming from Sberbank. With the bank contributing 41 billion rubles, the investment volume could increase to 170 billion rubles in 2027.
Investments of approximately 161 billion rubles are anticipated in 2028, with 196 billion rubles allocated for 2029. An additional 101 billion rubles are anticipated for 2030. An additional 262 billion rubles are proposed for the period of 2032 to 2036.
The program’s structure suggests that the objective is not purely to modernize existing enterprises. It is estimated that a substantial portion of the funds will be allocated to the development of new production capabilities and the substantial expansion of Russia’s domestic electronic component production.
What is the source of government funding?
A proposed technological levy on electronic products is one potential source of state financing. Denis Manturov, the First Deputy Prime Minister of Russia, has previously stated that the revenue generated by the new levy could be allocated to the advancement of the country’s domestic electronics industry.
A mechanism of this nature could be of particular significance to OMC. The construction of modern semiconductor manufacturing facilities necessitates a substantial initial investment, and the commercial benefits of such initiatives may not be realized for many years.
Finances continue to be one of the most significant obstacles encountered by the initiative. CNews has observed that the revenue generated by the technological levy may not be sufficient to meet all of OMC’s needs, particularly in light of the Russian state budget’s constraints.
OMC Could Become a Vertically Integrated Corporation
The strategic objective is significantly more extensive than the construction of numerous semiconductor factories. It is envisioned that OMC will evolve into a vertically integrated platform that includes downstream applications, semiconductor design, and manufacturing.
The company’s planned product portfolio includes integrated electronic components for transportation, industry, and urban infrastructure, specialized electronics, power electronics, contract manufacturing, and semiconductor design services.
It is projected that the field of power electronics will become increasingly significant. OMC intends to acquire up to 65% of the Russian market in this segment through the “Kubik” initiative. The objective for specialized electronics is as high as 80%. OMC is aiming to capture up to 15% of the domestic market for integrated electronic components that are utilized in transportation, industry, and municipal infrastructure.
Up to 8 Million Electronic Modules a Year
The strategy’s annual production of up to 8 million electronic modules is one of its most ambitious objectives. This signifies a transition from the production of individual processors and components to the development of more intricate electronic assemblies.
Additionally, OMC may transition to completed equipment in the future. The strategy aims to develop computing and telecommunications equipment, allowing the corporation to control more of the value chain, including semiconductor design, component manufacturing, and complete electronic systems.
This vertical integration could be especially significant for Russia as it endeavors to decrease its reliance on foreign suppliers of essential electronic components and equipment.
The core of OMC will consist of existing enterprises
The consolidation of existing Russian microelectronics assets is anticipated to be a component of the establishment of OMC. The corporation’s management company is LLC “Integrated Circuits.”
Mikron, Russia’s greatest serial microelectronics manufacturing operation, is one of the most critical assets. The company produces a diverse selection of chips for automotive electronics, the Internet of Things, identification systems, payment systems, and transport applications, utilizing processes that can be scaled down to 90 nm.
NM-Tech is another significant asset. The company is involved in the potential FAB-300 initiative, which aims to establish Russian chip production using a 28 nm process. One of the main obstacles that Russia’s semiconductor industry is currently encountering is its development of more sophisticated manufacturing technologies.
Mikron and NM-Tech have already been evaluated with respect to their technological and production capabilities, and NM-Tech is currently being integrated into the new OMC structure, as reported by CNews. In addition, Sberbank has been expanding its involvement in the microelectronics sector. The bank obtained a substantial stake in the Element group in 2026 through Integrated Systems.
From Individual Factories to an Integrated System
The establishment of an integrated design and manufacturing system is another significant component of the strategy. Sberbank has previously created a model of Russian demand for microelectronics through 2036 that is predicated on three scenarios: conservative, baseline, and optimistic.
The demand for silicon wafers is projected to increase from approximately 0.8–1 million units to approximately 1.6–1.8 million units under the baseline scenario.
This positions OMC as a crucial initiative to develop an industrial structure that meets Russia’s future semiconductor demand.
OMC has the potential to become the foundation of Russia’s emerging microelectronics sector if the strategy is ultimately approved and the proposed financing is secured.