Business and Government Partnership in Local

Business and Government Partnership in Local

"Business and Government Partnership in Local
Semiconductor Industry Development
Nikolay Lisay, Strategy & Business Development Director
Angstrem Group
Understanding the importance of Hi-Tech industry
development by Russian leaders and public
“The strategy of innovative development is the only real alternative for
social-economic development of Russia”
President of Russian Federation V. Putin
Nanotechnologies and microelectronics are the
catalyst of innovative economy development
People
Materials
Equipment
Technologies
2
Arrangements taking to develop
microelectronic industry
Strategy of microelectronic industry development
(up to 2025, main goals, priorities, volumes, competitiveness, industry restructuring, financing…)
Federal targeted programs
(Money, deliverables, timeframe …)
Legislation
( Tax, new forms of legal entities, customs duty, preferences)
R&D financed by state budget
(financing of priority tasks, balancing the developments, minimizing high risk developments…)
Dedicated investment Funds
(Investment Fund of RF - $10Bln, Russian Direct Investment Fund - $10Bln, Russian Fund of
Technological Development…)
Special measures supporting the industry development:
(Special Economic Zones, Territorial innovation clusters, Technoparks, Skolkovo, Rusnano,
Vnesheconombank…)
3
Major projects
Mini Fab
$1 bln
$563 mln
$120 mln
$1,1 bln
$300 mln
$600 млн
$154 mln
$215 mln
$600 mln
4
Total investments 2008-2011
Federal
Targeted
Program
$1,5 /$1 bln
VEB
$1,3/$0,3 bln
Russian
microelectronic
industry
Rosnano
$1,2/- bln
Private
Investors
$2,2 bln
Investment
Fund of RF
$0,9/$0 bln
Skolkovo
Customs duty, VAT,
Tax benfits,
Access to infrastructure
Other Sources
$4,5 bln
5
Perception of microelectronic
industry by business
“-”
“+”
Very high Capex
Could make fortunes if you
are lucky
High level of competition
Technological and
information security
Volatile market
Good value add business
Depends on government
strategy
Prestige industry
Requires complicated and
expensive infrastructure
Enabling innovative
solutions changing our life
Requires highly skilled
personnel
Stimulates development of
complementary industries
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Prospect measures accelerating
industry development
Public Private
Partnership
Reduce burden of Capex
Efficient management
Cluster approach
Complementary businesses
 Synergy effect
Less risk for investors
Fast interaction between
residents
More stable structure
Simple logistics
Better coordination
Competition & Cooperation
7
Comparison of Government support in
different countries
Dresden
Germany
Fab 36 (AMD)
New York
USA,
Fab 4x(Global
Foundry)
Hsinchu,
Taiwan,
Fab 12 (TSMC)
Kiryat Gat
Israel
Fab 28(Intel)
Zelenograd
Russia
Angstrem-T
Financial
support
$ 380 mln. Equity participation
No equity participation
100% equity participation at
construction phase
No equity participation
No equity participation
Grants
65% from R&D costs
($ 200 mln.).
$ 150 mln. Grant for development
innovative microprocessor
technologies
50 % from R&D costs
Financing 50% of R&D costs.
стоимости. Back payment in
case of success
No
CapEx
subsidizing
Compensation 23% of Capex
costs ($ 750 mln.).
$ 500 млн. грант на
инфраструктуру и оборудование.
10% инвестиционный налоговый
кредит(всего $ 700 млн.)
Компенсация 20% от суммы
капитальных затрат на
технологии/оборудование
($ 700 млн.).
Субсидии на капитальные
затраты в размере
$ 500млн.
No
State credits
% lover then market
State guaranties 80% from
$ 831 mln
($ 665 mln.)
Штат Нью-Йорк предоставляет
кредит на сумму $ 900 млн. с
дисконтом в 3% на 10 лет.
Правительственные льготные
кредиты для приобретения
автоматизированного
оборудования.
No special measures
Tax benefits
Reduced tax from 40% to 25%
via special tax regulations and
exemptions
($ 400 mln.).
Освобождение от налога на
недвижимость 7,5 % на 10-лет
($ 300 млн.) освобождение от
налогов при приобретении
оборудования, проведении R&D,
затрат на коммунальные услуги на
10лет
5-лет налоговые каникулы
после 2 лет начала продаж,
отсутствие таможенных
платежей и налогов на
оборудование, расходные
материалы и топливо
(всего $ 600-800 млн.)
Intel предложено 10 %
налоговой ставки (стандарт 29%) в течение 10 лет,
начиная с первого года
выхода на безубыточность
(всего $ 700-800 млн.)
Other
30% salary subsidizing during 6
months.
60% субсидии стоимости
обучения (всего $50 млн.)
Компенсация 35% затрат на
Зарплатный кредит в $ 1500 на
обуч. и R&D в течение 5лет
Снижение налогов на
человека на 5 лет (всего $50 млн.)
Subside of $ 7,4 млн. from
Отсутствие арендных платежей выплачиваемые дивиденды с
Скидки на газ и электричество от
Ministry of Industry and Trade
в течение 2 лет + скидки
17,75% до 13,5%.
30 % до 60%.
последующие 5 лет.
Project
description
$ 2,7 Bln. Construcion: 20032005, 90 nm.,
20 thous. Wafers/month.
300 мм
$ 4 млрд. Строительство:
2011-2013гг, 45-22 нм.
60 тыс. пластин/мес.
300 мм
Support
$ 2,2 млрд. Строительство:
1999 -2002гг.130-110 нм.,
25 тыс. пластин в мес. 300мм.
$ 3,5 млрд. Строительство:
2006-2009гг, 45 нм.,
30 тыс. пластин/мес. 300мм
Interest rates higher than
international rates: 8,5% + 1,25%
for untaken credit
No
$ 1,0 Bln. Construction: 2009 -…,
130-110 nm., 14 Th. WMonth
200мм
8
Essence of comparative analysis
Types of
support
Equity
Participation
Grants
Capex
subsidizing
Credit
interest rate
Tax benefits
Other
Angstrem-T
(Russia)
No
No
No
Higher then
in other
countries
No
Interest rate
subsidizing
0,3%
Other
Countries
Yes/No
Yes
Yes
Reduced
interest
rates
Yes
Subsidizing:
• salary
•recovery of
R&D and
training
expenses
•dividends tax
benefits
9
Prospects of Russian microelectronic industry
Success
factors
State support
Alliances and
partnerships with
industry leaders
Smart marketing
&
sales
Public-Private
Partnership
Design centre
Design centre
Design Centre
Territorial
Cluster
Modern
production
facility
Focus on
innovative
products
Latest
technologies
Russian market
International markets
10
Thank you for your attention!
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