NuAxiSemiconductor trade intelligence
Russia’s Element and ETU LETI form joint venture Letiel
What happened
Russian microelectronics firm PJSC Element and ETU LETI have formed a joint venture, Letiel LLC, with Element holding a 51% stake. This move is part of Russia's ongoing efforts to bolster its domestic semiconductor and microelectronics capabilities amid international sanctions. Neutral: This R&D-focused JV has no immediate, measurable impact on global component supply, pricing, or availability for traders.
Impact and signal
Low impactImpact score: 5/100
Affected components and suppliers
PJSC Element
partnershiprussia
Source and time
Source: Semiconductor Today · 7/23/2024 · View original source
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