an online book by David Gurteen
Silicon Valley is a region in Northern California that is a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical area of the Santa Clara Valley. The term "Silicon Valley" refers to the area in which high-tech business has proliferated in Northern California, and it also serves as a general metonym for California's high-tech business sector.
The cities of Sunnyvale, Mountain View, Palo Alto and Menlo Park are frequently cited as the birthplace of Silicon Valley. San Jose is Silicon Valley's largest city, the third-largest in California, and the 13th-most populous in the United States. Other major Silicon Valley cities include Santa Clara, Redwood City and Cupertino. The San Jose Metropolitan Area has the third-highest GDP per capita in the world (after Zürich, Switzerland and Oslo, Norway), according to the Brookings Institution. As of June 2021, it also had the highest percentage of homes valued at $1 million or more in the United States.
Silicon Valley is home to many of the world's largest high-tech corporations, including the headquarters of more than 30 businesses in the Fortune 1000, and thousands of startup companies. Silicon Valley also accounts for one-third of all of the venture capital investment in the United States, which has helped it to become a leading hub and startup ecosystem for high-tech innovation, although the tech ecosystem has recently become more geographically dispersed. It was in Silicon Valley that the silicon-based integrated circuit, the microprocessor, and the microcomputer, among other technologies, were developed. As of 2021, the region employed about a half million information technology workers.
As more high-tech companies were established across San Jose and the Santa Clara Valley, and then north towards the Bay Area's two other major cities, San Francisco and Oakland, the term "Silicon Valley" came to have two definitions: a narrower geographic one, referring to Santa Clara County and southeastern San Mateo County, and a metonymical definition referring to high-tech businesses in the entire Bay Area. The term Silicon Valley is often used as a synecdoche for the American high-technology economic sector. The name also became a global synonym for leading high-tech research and enterprises, and thus inspired similarly named locations, as well as research parks and technology centers with comparable structures all around the world. Many headquarters of tech companies in Silicon Valley have become hotspots for tourism.
Credit: Wikipedia - Silicon_ValleyThe United States did not enter the microcosm through the portals of the Ivy League, with Brooks Brothers suits, gentleman Cs, and warbling society wives. Few people who think they are already in can summon the energies to break in. From immigrants and outcasts, street toughs and science wonks, nerds and boffins, the bearded and … Continue reading Where Does Progress Come From in the World? George Gilder
Introduction: Innovation Building 20 at MIT Close Pop-up all posts in this chapter Silicon Valley and Route 128 once stood as hubs of technological innovation. Yet, their contrasting ecosystems led to different outcomes, with Route 128 lagging behind. By examining these differences, we can understand how open networks and risk-taking cultures drive sustainable innovation and … Continue reading Silicon Valley Versus Route 128 Innovation Story: How Silicon Valley’s open culture outpaced Route 128’s closed network
