The total investments of the Element group – the largest microelectronics manufacturer in Russia – in its assets since its foundation in 2019 exceeded $2 billion (about 155 billion rubles), according to a presentation by Elena Abramova, head of science at JSC "Nanotronika" (part of Element), CNews reports. Representatives of the holding declined to comment on the volume of investments and their sources.

Most of the investments (22 billion rubles) went to create serial production of power electronics (the "Kubik" project). Another 7.6 billion rubles were invested in the "Fab200" project – the production of microelectronics using 180/90 nm technology on 200 mm diameter wafers. 3.9 billion rubles were allocated for the reconstruction of JSC "ZPP" facilities for the production of metal-ceramic packages, 1.7 billion rubles – for the "Electro" project for the production of power modules and blocks.

Investments in capacity expansion and product and technology development in 2025 amounted to 20.3 billion rubles (11.4 billion – for technology development). In 2024, the volume of investments was 22 billion rubles, in 2023 – 17.8 billion rubles.

Experts call $2 billion a record sum for Russia, but modest by world standards. Alexander Timoshenko, head of "Troichnye Tekhnologii", noted that these funds would be enough for individual niches, but not for building full-cycle production. According to Roman Tinyaev, partner at Strategy Partners, global capital expenditures of chip manufacturers in 2025–2026 are estimated at $185–200 billion. The construction of one modern factory with advanced technological norms requires tens of billions of dollars.

At the same time, in early 2026, Sberbank acquired 41.9% of Element's shares for 27 billion rubles, and AFK Sistema exited the capital. Rostec remains the second shareholder (41.66%). However, the holding ended 2025 with a net loss of 2.3 billion rubles. Revenue amounted to 38.6 billion rubles, a decrease of 12% compared to 2024 – due to a reduction in demand for electronic component base.

Element's shares fell to 8 kopecks per share, and dividends for 2025 will not be paid. The market is actively discussing the possibility of delisting the company, CNews claims.