Chubais Semiconductor Industry Dresden Feb 2009

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Chubais Semiconductor Industry Dresden Feb 2009

  1. 1. RUSNANO: Interaction with business in the field of semiconductors and equipment Anatoly Chubais, CEO Russian Corporation of Nanotechnologies (RUSNANO) Industry Strategy Symposium (ISS Europe) 2009 1-3 February 2009 ISS Europe 2009 - Dresden, Germany
  2. 2. Russian Corporation of Nanotechnologies (RUSNANO) Charter capital: ~ € 3 bln Mission: to provide the state policy in the field of nanotechnologies Application task: commercialization of nanoindustry projects and innovations Areas of financing: fabrication of nanoproducts scientific forecasting and road maps, standardization, certification, safety in nanoindustry education, popularization Founded in 2007 1-3 February 2009 Anatoly Chubais, RUSNANO ISS Europe 2009
  3. 3. From application to Investment Project Entry expertise < 1 % < Advisory Board Supervisory Board Financing decision RUSNANO book value of assets, % Internal technical and scientific expertise Technical and scientific Board Internal investment expertise Investment policy committee Application 1-3 February 2009 Anatoly Chubais, RUSNANO ISS Europe 2009
  4. 4. RUSNANO’s key services in financing 1-3 February 2009 Anatoly Chubais, RUSNANO ISS Europe 2009 Financing up to 90% of a project’s investment program Ownership participation — no more than 50% minus 1 share Participation time — up to 10 years Credit interest rate — from 13% Financing projects at early stage and stage of expansion
  5. 5. Investments in 2008—2015 (including investments from RUSNANO’s profit and off-budget funds) 480 560 680 690 680 740 820 890 Total: € 5.63 bln 1-3 February 2009 Anatoly Chubais, RUSNANO ISS Europe 2009
  6. 6. Support for co-investors Pool of project investors – part of exit strategy 2009 Pool of 10—15 co-investors for projects (total annual commitment of €1 — 3 bln ) with priority for RUSNANO’s share redemption RUSNANO exits investment projects for the Pool benefit From 2010 to 2011 1-3 February 2009 Anatoly Chubais, RUSNANO ISS Europe 2009
  7. 7. Support for co-investors Financial support Basic term — location in Russia Corporate: RUSNANO’s minority share in all projects Credit: Long-term and comparatively cheap money Friendly exit strategy: Not to maximize profit but to offset the costs Non-financial support Infrastructural: Technical and investment expertise, certification, foresight and road maps Managerial: Scheduled work with the project company, investment spending supervision in the interests of all shareholders Administrative: Shielding from the red tape and corruption, assistance in marketing 1-3 February 2009 Anatoly Chubais, RUSNANO ISS Europe 2009
  8. 8. RUSNANO’s strategic goals towards 2015 17.7 21.4 3.9 4.6 PRODUCTION EXPORT These goals are commensurate with current volumes of the entire Russian innovation industry Key quantitative indicator: sales of russian nanoindustry production — Key quality indicator: export of russian nanoindustry production — 2006 2008 (estd) 2006 2008 (estd) € bln € bln 6 4 2 0 30 20 10 0 € 20.6 bln € 4.1 bln of innovation goods, works and services in Russia 1-3 February 2009 Anatoly Chubais, RUSNANO ISS Europe 2009
  9. 9. The production of semiconductors is one of RUSNANO’s investment priorities 1-3 February 2009 Anatoly Chubais, RUSNANO ISS Europe 2009
  10. 10. RUSNANO and semiconductor business: ~ 200 ~ 3 RUSNANO A lot for the domestic market: 52% of all state financing for current nanotechnology programs in Russia € 3 bl n — a lot or a little ? € bln 250 200 150 100 50 0 Initial opportunities Very little compared with global semiconductor market: ~ 38 Global semiconductor revenue in 2008 Worldwide spending on semiconductor R&D in 2008 1-3 February 2009 Anatoly Chubais, RUSNANO ISS Europe 2009
  11. 11. RUSNANO and semiconductor business: Restriction: relatively modest financial capacity Additional benefits: Positioning Priority to highly profitable projects with a relatively low capital-output ratio Financial support Non-financial support 1-3 February 2009 Anatoly Chubais, RUSNANO ISS Europe 2009
  12. 12. RUSNANO and semiconductor business: Total: 15 applications with a sum of € 1.1 bln Co-investors Applications in process RUSNANO € 760 mln € 340 mln 1-3 February 2009 Anatoly Chubais, RUSNANO ISS Europe 2009
  13. 13. Semiconductors Investment Projects 1-3 February 2009 Anatoly Chubais, RUSNANO ISS Europe 2009
  14. 14. LED Products: LED chips, LED lamps and illumination systems, comparable with the world’s best analogs (efficiency 100 lm/W , lifetime 50 000 hours, wattage 10 W ) Aim: high-technology processing unit for LED lighting systems based on GaN semiconductor chips Investment: Total — € 76.7 mln , RUSNANO — € 40.6 mln Estimated revenue in 2013 : € 137.3 mln Chip production and sales, millions of units Lamps production, millions of units For the lamps themselves | Sales 7 16 35 48 15 38 53 72 0.1 0.5 2.9 3.9 1.3 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 140 120 100 80 60 40 20 5 4 3 2 1 1-3 February 2009 Anatoly Chubais, RUSNANO ISS Europe 2009
  15. 15. Photovoltaic systems based on 3-cascade heterostructures Products: HCPV modules based on photovoltaic elements with heterostructures. Efficiency ( 37— 45% ) nominal capacity ( 0.2, 0.5, 1, 3, 6 KW ) Aim: production facility and marketing for new generation HCPV modules with Fresnel lenses and tracking systems Sales of surface-mounted photovoltaic modules in Russia in 2015 —~ € 28 mln Investment: Total — € 241 mln , RUSNANO — € 107 mln Estimated revenue in 2015 : € 291.8 mln pilot and commercial manufacturing will be launched production volume — 120+ MW solar modules capacity per annum Front surface of photovoltaic element HCPV module proposed for production 1-3 February 2009 Anatoly Chubais, RUSNANO ISS Europe 2009
  16. 16. Solar elements in gallium arsenide (GaAs) Products: 3 -cascade SE and solar panels in gallium arsenide, comparable in terms of effectiveness ( 27—29%) and specific power ( 350 W/m 2 ) with the world’s best analogs Aim: processing unit of multicascade heterostructural solar elements (SE) and solar panels based on A3B5 semiconductor materials The cost of solar panels on the Russian market in 2013 ~ € 0.08 mln/m 2 Investmant: total — € 37.2 mln , RUSNANO — € 14.3 mln Estimated revenue in 2013 : € 34.3 mln Production lines for heterostructural multicascade solar elements will be set up, according to the processing of germanic plastins and a section for automated assembly batteries Production volume — more than 304 m 2 of solar batteries per year 1-3 February 2009 Anatoly Chubais, RUSNANO ISS Europe 2009
  17. 17. Polycrystalline silicon Application: Aim: Large-scale polycrystalline silicon and monosilane manufacturing complex for solar energy and electronic industry Electronic-quality polysilicon — for chip production Solar-quality polysilicon — for photoconverter production Monosilane — for production of thin-film photoconverters in solar energy and LCD displays Estimated production volumes: polysilicons (of electronic and solar quality) — 3 800 tonnes per annum monosilanes with a capacity of up to 200 tonnes per annum RUSNANO investment: € 103 mln Estimated revenue in 2014 : € 330 mln 1-3 February 2009 Anatoly Chubais, RUSNANO ISS Europe 2009
  18. 18. Prospects for the international cooperation: New types of nanoscale heterostructures for LEDs, solar elements, changeover switches, converters and other elements Nanoelectronics and nanophotonics Processing units for nanostructured objects (quantum outlets and wires, solid and columnar structures among others) and mechanisms for effective sensors and biomarking in medicine, monitoring surroundings and the parameters of technological processes Joint production of optimized technological equipment Production of materials for semiconductor industry (sublayers, reactionary gases etc.) Joint infrastructural objects for safeguard production (design centers, R&D centers) Establishing of international standards for new materials and facilities in semiconductor electronics Joint business conferences and workshops 1-3 February 2009 Anatoly Chubais, RUSNANO ISS Europe 2009

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