silicon valley

• Silicon Valley, California


  North Carolina that stretches from San Francisco to San Jose (Santa Clara Valley)
• key facts

  • Global centre for high technology & innovation
  • Home to the world's largest high-tech corporations
  • 1/3 of all venture capitalists investment in US, helped become leading hub and startup ecosystem
  • Employed approx 800,000 information technology workers in 2021
  • 1st microchip
• Silicon Valley has become known as the "capital of innovation" due to its concentration of technology startups and established companies.
• role of venture capitalists:

  1/3 venture capitalist investments

  venture capitalists sherman fairchild funded farichild semiconducter helped them sign 1st contract

  mid 1960s fairhcild group generated $90m in sales, 2nd largest competitor in chip industry

  1960s close standford uni

  fairchild 8 reinvested wealth in companies 30 companies merged

  fairchild supported steve jobs career apple
• role of entreprenuers

  92 descendents of fairchild employed 800000 worth $2.1trillion

  2000 companies traced back to fairchild 8
• benefits

  ideas and career progression

  university = job

  high levels highly qualified women

  knowledge spill over

  wealthy people 3rd highest gdp per capita

  environment awareness

  high level electric car usage
• cost

  high property prices

  transport system congested

  high level pollution

  water supply issues summer droughts

  older residents pushed out

  lack of land as protected due to threats