Russian upper house speaker wants “Silicon Valley” in Crimea

The speaker of the upper house of the Russian parliament has proposed the creation of a Russian “Silicon Valley” in Crimea. Valentina Matviyenko said at a session devoted to Russia’s regions that the project could be implemented “taking into account the business experience of Russia’s regions.”

Matviyenko said “it is necessary” to work on the creation of some kind of a Crimean Silicon Valley that would house “facilities producing microelectronic and communication devices” similar to the area in California that headquarters most of the world’s major technology companies.