BERLIN Russia’s Sistema signed an agreement with the Chinese National Precision Machinery Import and Export Corp for a joint microelectronics design center to develop semiconductors, according to a company statement.
Sistema is a $13.7B conglomerate with holdings that include semiconductor maker Mikron.
China’s CPMIEC also agreed to purchase microelectronics products from Sistema Group companies and to jointly promote GPS products that are based on Russia’s GLONASS satellite system, according to a company statement.
CPMIEC is a subsidiary of the Chinese State Aerospace Corp, which works in the area of space exploration, engineering and electronics.
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