Angstrem JSC (Russian: АО Ангстрем) is a Moscow-based company involved in the design and fabrication of electronic products and semiconductors.
It was later reorganized into the Research Institute of Fine Technology (Russian: НИИ точной технологии, NII tochnoy tekhnologii, NIITT) and Angstrem Factory as part of Scientific Production Association Science Center.
[11] In early 2007 it was widely speculated that AMD (now GlobalFoundries) was planning to sell its old 130 nm-process equipment from an unnamed plant located in Dresden, Germany to Angstrem-T, a company in Angstrem JSC corporate group, in order to speed up its upgrade to 300mm wafers.
[12][13] In 2008 the Angstrem-T, entered a joint venture with the German company M+W Zander (Exyte) to build a semiconductor plant in Zelenograd, Russia.
[14] In 2018 due to Ukraine-related US sanctions economically struggling and unable to pay its debt,[4] Angstrem-T went bankrupt and was taken over by its primary creditor VEB.RF bank.
[16] VEB.RF has acquired all Angstrem-T equipment via its subsidiary company called NM-Tech (Russian: «НМ-Тех») in mid 2021 that further has been contrated to produce banking cards for Mir (payment system).
[18] On February 22, 2022, in response to the recognition of Ukrainian break-away regions in Donetsk and Luhansk by Vladimir Putin, president of Russia, the U.S. Department of the Treasury has imposed sanctions on JSC Angstrem-T company freezing its assets and prohibiting individuals and entities in the United States' jurisdiction from doing businesses with it.