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The move is to meet rising demand for cell phones, projectors, digital cameras and camcorders.
He conceded the government had been taken surprised by a recent surge in demand for cell space, blaming a spate of historic sex abuse cases.
As the Russian economy posts its strongest growth since the collapse of the Soviet Union, demand for cell phones is increasing, with the number of users set to double this year to almost three million.
Gemplus is the latest victim of the sharp fall in demand for cell phones; roughly half of its revenue comes from sales of chip-embedded cards for wireless handsets.
Worldwide semiconductor sales rose 50percentto to a record $17.3 billion in July from a year earlier on higher demand for cell phones, digital set-top boxes and electronics gear, an industry group said.
National Semi late Tuesday cut fourth-quarter guidance on weak demand for cell phone chips.
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The Sigma-Aldrich Corporation, which makes chemicals for research laboratories, has agreed to buy JRH Biosciences in Lenexa, Kan., a unit of CSL Ltd., for $370 million to meet rising demand for cell-culture products.
But demand for cells is outstripping this new supply: although 3,800 new places have been created so far this year, prisoner numbers are up by 6,700.
But the demand for cells is far greater than the supply, and an unlimited source of cells that could produce insulin would be a hot commodity.
And when that happens, not only will the demand for cells go up, their storage, analysis and imaging will also soar.
Thus, an increase in SC proliferation contributes to meeting a higher demand for cells during floral transition.
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CEO of Professional Science Editing for Scientists @ prosciediting.com