Sitemap

Silicon Valley

Silicon Valley The World Innovative Centre

CorD Recommends

Darko Soković, Managing Partner of Strategy & Development, PROPULSION

Pioneers of Socially Engaged Campaigns

Propulsion is a dynamic, full-service agency known...

Vera Nikolić Dimić, Executive Director of the American Chamber of Commerce in Serbia

Powerful Development Impetus

Good economic relations with the U.S., alongside...

Dawid Sold, Managing Director of G4S Serbia

Smarter Cities for a Better Tomorrow

G4S Serbia successfully developed the Smart City...

McDonald’s Serbia

Small Steps to Big Changes

McDonald’s Serbia has launched a platform called...

Serbia and Japan Begin Talks on Investment Agreement

Serbian Foreign Minister Marko Đurić and Japanese Foreign Minister Yoko Kamikawa have agreed to commence negotiations on an Investment...

Ursula von der Leyen Secures Second Term as European Commission President

Ursula von der Leyen has been re-elected for a second five-year term as President of the European Commission, the...

US Ambassador Hill Visits Serbia’s First Dual Renewable Energy Heating Plant

US Ambassador to Serbia, Christopher Hill, recently visited the Pemci 1 heating plant in Kladovo, which has become the...

Italy’s Population of Nonagenarians Set to Surge

The number of Italians aged 90 and over is expected to reach one million in the next three years,...

Paris Mayor Swims in the Seine to Demonstrate River’s Cleanliness Ahead of Olympics

Paris Mayor Anne Hidalgo has made a splash by swimming in the Seine to showcase the river's cleanliness ahead...

Silicon Valley is the U.S. centre for innovative technology companies. It’s located south of San Francisco, California. It’s home to 2,000 tech companies, the densest concentration in the world. This proximity to suppliers, customers, and cutting-edge research gives each a competitive advantage.

Even more important, most of them are also leaders in their industries. These include software, social media, and other users of the internet. Its companies also produce lasers, fibre optics, robotics, and medical instruments.

Silicon Valley was named for the silicon needed to make semiconductor computer chips.

Silicon Valley creates a centre for innovative companies to become highly profitable. That creates jobs, more tax revenue, and higher stock prices. It gives the United States a comparative advantage over other countries.

Silicon Valley includes the cities and towns south of San Francisco. It originated in the Palo Alto/Menlo Park/Stanford University area. It was originally the nickname for the Santa Clara Valley.

It is bordered by the San Francisco Bay on the east. The Santa Cruz mountains are on the west, and Redwood City is to the north. The south shares its border with several cities. These include Los Altos, Mountain View, Sunnyvale, Cupertino, Santa Clara, and San Jose. The Coast Range Mountains are in the southeast area.

The main reason for Silicon Valley’s success is its spirit of cooperation. For example, many founders of local companies went to school together. That makes them more likely to promote each other regardless of company affiliation. Personal loyalties override corporate ones.

Professional networks led to easy information exchange. Companies found that collaboration between them made them all more successful.

The State of California prohibited non-compete clauses. As a result, star performers could leave a company to start their own to test out new ideas. As a result, employees focus on helping each other solve problems.

The main reason for Silicon Valley’s success is its spirit of cooperation. For example, many founders of local companies went to school together. That makes them more likely to promote each other regardless of company affiliation. Personal loyalties override corporate ones

An often-overlooked reason is Silicon Valley’s cultural diversity. Between 1995- 2005, more than half of its start-ups were founded by immigrants. Why? The Valley attracts top engineers from around the world, especially India and China. Diversity leads to innovation as long as everyone focuses on their shared goals.

Top-notch universities surround the Valley. Many company founders graduated from Stanford University. Other local universities contributed the trained technical support staff. These included the University of California at Berkeley, San Jose State, and community colleges.

SILICON VALLEY COMPANIES

The most well-known Silicon Valley companies are Apple, Facebook, Google, and Netflix. The area also launched Tesla, Twitter, Yahoo!, and eBay. There are many business support companies such as Cisco, Oracle, Salesforce.com, Hewlett-Packard, and Intel. Other companies include Adobe, Intuit, and Zynga.

HISTORY OF SILICON VALLEY

The idea for Silicon Valley began during the Great Depression. Stanford engineering professor Frederick Terman decided to create more jobs opportunities for his students.

He encouraged two of his them, William Hewlett and David Packard. He even got grants for them so they could create a high-tech company named after them.

After World War II, Terman became Dean of the engineering school. He encouraged faculty to sit on the boards of new enterprises. He used contacts in Washington to get Federal grants for school research. He founded the Stanford Industrial Park to cross-fertilize research between Stanford and local businesses.

The University leased land to Varian Associates, Eastman Kodak, General Electric, Lockheed, and Hewlett-Packard. In 1955, Terman became provost of Stanford. He expanded the Park to include biotech companies. In 1957, Fairchild Semiconductor launched, spawning 38 companies including Intel.

The name “Silicon Valley USA” was first used in 1971. Don Hoefler chose the name for a series of articles published in Electronic News. 

Related Articles

US Ambassador Hill Visits Serbia’s First Dual Renewable Energy Heating Plant

US Ambassador to Serbia, Christopher Hill, recently visited the Pemci 1 heating plant in Kladovo, which has become the first in Serbia to combine...

United States Adds $18 Million In New Funds To Development Partnership With Serbia

Today, the United States Government, through the United States Agency for International Development (USAID), announced an additional $18 million in assistance to Serbia, as...

Comment

Nothing Succeeds Like Success

Long gone are the days when bilateral relations between the U.S. and Serbia were steadily improving while economic cooperation lagged behind, often explained by...

Marko Đurić, Serbian Minister of Foreign Affairs

Bilateral Rising

The U.S. has continuity of policy on many issues, regardless of the person heading the administration there, and Serbia will endeavor to also maintain...

H.E. Christopher R. HILL, U.S. Ambassador to Serbia

Progress Everywhere

Everywhere I look in our bilateral relationship, I see progress…Serbia is taking a leading role in promoting regional economic integration as well, as the...

Stefan Lazarević, AmCham Serbia President

We Will Continue to be Serbia’s Best Possible Ambassadors

The American companies already doing business in Serbia are very satisfied with their investments. All our member companies have long-term strategies for investment in...

Darko Soković, Managing Partner of Strategy & Development, PROPULSION

Pioneers of Socially Engaged Campaigns

Propulsion is a dynamic, full-service agency known for its innovative and socially engaged campaigns. With a diverse range of services and a strong presence...

Vera Nikolić Dimić, Executive Director of the American Chamber of Commerce in Serbia

Powerful Development Impetus

Good economic relations with the U.S., alongside regional and European integration, are crucial to attracting new investments and maintaining existing ones, and it is...