Sberbank jumps into Russia’s chip race with Element stake — and Rostec won’t sell
Sberbank snapped up a 41.9% stake in Russia’s microelectronics firm Element for 27 billion roubles, the bank announced late Thursday. This move marks a significant step as Sberbank shifts focus from traditional lending toward technology. https://finance.yahoo.com/news/russias-sberbank-takes-stake-element-102049191.html?utm_source=chatgpt.com This buy comes as Russia pushes to ramp up its own semiconductor production — those tiny chips powering everything from smartphones to missile guidance — following Western limits that tightened access to key tech amid the Ukraine conflict.