![]() While the semiconductor industry arose in the 1950s, Silicon Valley’s success is rooted in the establishment of Stanford University in 1891. Located in Santa Clara Valley in California’s San Francisco Bay Area, Silicon Valley got its nickname from journalist Don Hoefler in a 1971 Electronics Magazine article that chronicled the region’s newfound preeminence in the business of semiconductors, for which silicon is a prominent ingredient. ![]() A key question for policymakers seeking to develop new technology dynamos is to consider whether and what elements of this experience can be replicated.Ī Tradition of Entrepreneurship and Research ![]() Further, Silicon Valley accounts for one-third of venture capital investment throughout the nation.īut Silicon Valley itself came into being through a curious series of events and happenstances. Today, it is home to the headquarters of many of the world’s largest high-tech corporations, including more than thirty businesses in the Fortune 1000 as well as thousands of promising startups. The world’s preeminent hub for technology, Silicon Valley is a byword for innovation. ![]()
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