14 Facts About Silicon Valley


Silicon Valley is a region in Northern California that serves as a global center for high technology and innovation.

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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.

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The term Silicon Valley is often used as a synecdoche for the American high-technology economic sector.

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Silicon Valley first used it in the article "Silicon Valley USA", which appeared in the January 11, 1971, issue of the weekly trade newspaper Electronic News.

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Silicon Valley was born through the intersection of several contributing factors including a skilled science research base housed in area universities, plentiful venture capital, and steady U S Department of Defense spending.

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Since the 1980s, Silicon Valley has been home to the largest concentration of venture capital firms in the world.

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In 1971, Don Hoefler traced the origins of Silicon Valley firms, including via investments from Fairchild's eight co-founders.

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Silicon Valley has significantly influenced computer operating systems, software, and user interfaces.

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Silicon Valley is generally considered to have been the center of the dot-com bubble, which started in the mid-1990s and collapsed after the NASDAQ stock market began to decline dramatically in April 2000.

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Silicon Valley has the highest concentration of high-tech workers of any metropolitan area, with 285.

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Silicon Valley has the highest average high-tech salary in the United States at $144, 800.

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Silicon Valley has a severe housing shortage, caused by the market imbalance between jobs created and housing units built: from 2010 to 2015, many more jobs have been created than housing units built.

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Silicon Valley cited a lack of women role models and noted that most famous tech leaders—like Bill Gates, Steve Jobs, and Mark Zuckerberg—are men.

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San Jose-based media serving Silicon Valley include the San Jose Mercury News daily and the Metro Silicon Valley weekly.

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