The Russian Corporation of Nanotechnologies (Rusnano) plans to acquire a share in a U.S. Silicon Valley company by the end of 2010, Rusnano head Anatoly Chubais said on Monday.
"We are considering one of the most reputable microelectronics companies in the Silicon Valley, with which we are working on such deals," Chubais said.
Chubais declined to give any specific names but said the deal could be closed by the end of this year.
"We are talking about directly acquiring a share package in the parent company based in the Silicon Valley and, correspondingly, accommodating real business as part of the project's expansion in Russia," he said.
Chubais also said that Rusnano would hold negotiations on eight or nine deals with representatives of U.S. venture capital businesses currently on a visit to Moscow.
"The deals relate to production projects worth $1 billion and one serious venture capital fund with the potential volume of $400 million," he said, following a meeting of U.S. investors with Russian President Dmitry Medvedev, who was in Skolkovo with California Governor Arnold Schwarzenegger on Monday.
Chubais said earlier Rusnano was working on seven projects worth from $250 million to $500 million after the first visit by U.S. venture capital businessmen to Russia.
SKOLKOVO (Moscow Region), October 11 (RIA Novosti)
