Microelectronics: the industry structure and import substitution problems

The importance of the microelectronics industry for the Russian economy is shown. The analysis of its con-dition is carried out and some problems of its development arising under the conditions of sanctions pressure are considered. The article highlights the complexity of the production process in the industry and the supply chains necessary for it. The forms/business models of production organization existing in the industry in the global economy conditions are analyzed. It has been established that these forms are currently being transformed under the influence of crisis phenomena in supply chains during the COVID-19 pandemic and in the subsequent period.The novelty elements of the article are related to the disclosure of dynamic and investment constraints associated with critical thresholds for the domestic microelectronics industry development.