Britain’s Plastic Logic is raising eyebrows in the U.K. business community after it was revealed the company was engaged in advanced-stage talks with Russia’s sate-owned Rusnano. The talks are believed to be aimed at a cash infusion which would give Rusnano a controlling stake in Plastic Logic.
Of concern in the U.K. is the fact that Rusnano wants the new facility for Plastic Logic’s next step of production to be located in Russia. That would mean not only the loss of jobs in the U.K. but potentially the loss of new technology aimed at manufacturing plastic computer chips.
Plastic Logic has already opened a plant in Dresden, Germany, and transferred its headquarters to the U.S.
Plastic Logic (www.plasticlogic.com)
Founded in 2000, Plastic Logic is engaged in the technology field developing plastic semiconductors and other electronics. The company’s technologies are aimed at accessing and organizing information at higher speeds and reduced cost when compared to present-day silicon chips.
Plastic Logic has raised more than USD 200 million since the company’s inception from American, Asian, and European Investors. Plastic Logic is headquartered in Mountain View, California and employs 250 people.
RUSNANO stands for the Russian Corporation of Nanotechnologies, a state-owned entity established in 2007 to help develop nanotechnology and nanoindustry in Russia. Rusnano invests in early-stage projects, incubators, and nanotechnology centers that demonstrate the potential to have a significant commercial and social impact on Russia.
The corporation, with a budget of USD 5 billion, partners with the private sector through joint ventures and shared data, infrastructure, and educational resources.