Not bad. When the agreement is implemented, Russian fab in Zelenograd will be able to manufacture decent microcontrollers and other useful devices that do not require bleeding edge 22 nm process. In addition I guess this deal may include a university (MIET) in which case this development will directly benefit the education in a key Russian place. There are several design companies in Zelenograd (Elvees, Milandr, KM211 and others) with a mix of old Soviet-time veterans and sharp young engineers proficient with Synopsys and Cadence tools. Those companies may have a very promising future.
Good to see large electronics companies starting to work with semi-private Russian entities. Seems a little bit skewed hi-tech relationship with others on the part of Amercian corporations, when deals are made with Chinese entities and are seen as good for the industry but when it comes to Russia and the rest of the former SU, the cold war mentality still dominates the corporate mindset.