# Russian Industrial Development Fund provides loan to Kremniy EL for chip modernization

The Industrial Development Fund (FRP) granted a 200 million ruble concessional loan to ZAO Gruppa Kremniy EL in Bryansk, Russia, for a project to modernize integrated circuit, transistor and diode production, reducing design rules from 700 to 500 nanometers. Total project cost is 400 million rubles.

- Type: Investment
- Announced: 2017-12-26
- Where: Bryansk, Russia, Russia
- Value: $3.40M (200.0M RUB)
- Starts operating: Q2 2019
- Status: announced
- Products: integrated circuits, transistors, diodes
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [ZAO Gruppa Kremniy EL](https://endata.com/companies/29050.md)
- [Industrial Development Fund](https://endata.com/companies/3818.md) (investor)

## Sources

- [bryanskobl.ru](http://www.bryanskobl.ru/news/2017/12/28/7568), 2017-12-28: "Фонд развития промышленности (ФРП) предоставил льготный заём ЗАО «Группа Кремний ЭЛ» (Брянск) на 200 млн рублей по программе «Конверсия»."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.