Angstrem (company)

Angstrem JSC is a corporation involved in the design and manufacturing of electronic products and semiconductors.
History.
Angstrem was founded on June 25, 1963, as NII-336 (Research Institute-336). It was later reorganized into the Research Institute of Fine Technology (, , NIITT) and Angstrem Factory as part of Scientific Production Association Science Center.
The company, along with Mikron (Moscow, Zelenograd) and Integral (Belarus, Minsk), was the main manufacturer of integrated circuits in the Soviet Union.
In 1981 Angstrem was awarded the Order of the October Revolution.
Post-Soviet.
In 1993 NIITT and Angstrem Factory were privatized as a single company, Angstrem.
The Angstrem-T subsidiary entered a joint venture with the German company to produce ICs designed for the production of integrated circuits with topological 0.18 μm. Total investment in the construction of this amounted to about $100 million. However, an additional investment of approximately $100–130 million was invested in the company, primarily for a clean room.
Sergei Veremeyenko acquired control of the three companies in 2004. In June 2008, these companies were transferred to a management company OOO Group Angstrem. 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.
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.
Current prospects.
In June 2012, JSC Russian electronics increased its stake in OAO Angstrem up to 31 percent.