9 Rare Facts About Silicon Valley, The Center Of Technology
As most of us know, most of the technological developments in the world are managed from Silicon Valley, located in California, USA. Most start-ups come to life there and many projects are designed there before becoming an essential part of our lives. Let's see some interesting facts about Silicon Valley, one of the most important attraction centers in the world.
(Yes, we will also be mentioning the series Silicon Valley.)
We all know or have even used HP products.
The start of this essential company actually pioneered the establishment of a city, which has turned into a phenomenon.
1. This garage, where the seeds of the company were planted, was also the start of Silicon Valley.
HP was created by Bill Hewlett and Dave Packard in a garage located in 367 Addison Boulevard in 1938. So, we can assume that 1938 was the year of Silicon Valley's advent. This duo came together to design their first product in the almost 65 square foot garage and the rest followed in rapid succession.
The region called Silicon Valley is within the borders of the city named Palo Alto.
Palo Alto is one of the richest cities in the US simply because of the reason that it is the center of tech companies.
2. The population in Palo Alto has doubled since the 60s.
There are more than 3 million people living in Palo Alto now.
Many people interested in technology head to Silicon Valley from all around the world.
The population mostly consists of professionals employed in tech industry.
3. The surge to this region results from economical reasons.
The average annual salary in Silicon Valley is $122,172. (Not bad at all)
For some time now, the idea that physical products are as valuable as software has been prevailing in Silicon Valley.
Actually, the separation of hardware and software between tech companies has disappeared recently; because every tech company has grasped the importance of hardware in the market.
4. This caused an explosion in patent applications.
Last year, there were patent applications for 655 different products in Silicon Valley.
The economical size of Silicon Valley exceeds that of many countries.
The US plays a huge role in world economy, and Silicon Valley plays a huge part in the US's economical domination.
5. The total profit of Silicon Valley is around 250 billion dollars!
If you are wondering about the whole turnover of the world economy, it is around 75 trillion American dollars!
Stanford University is the academic background of Silicon Valley.
Stanford University, which is located in Palo Alto ranks second (following Harvard, which has the first place) according to ARWU (Academic Ranking of World Universities).
6. The successes of Stanford University are countless.
There are 32 Nobel Prize winners and 21 astronauts among Stanford alumni.
The headquarters of Facebook, which is one of the biggest tech companies in the world, is also located in Silicon Valley.
The HQ of Facebook was on Network Street when it was first grounded.
7. But then it was changed to Hacker Way.
Now the address as follows: 1 Hacker Way.
And when an area becomes popular, the real estate prices are also affected.
The real estate market in Palo Alto is incredible, and the prices are rising every day.
8. The average price of a house in Palo Alto can give you a heart attack.
A standard 4-bedroom house costs around 2.8 million American dollars. So much for the high salaries... :(
The series Silicon Valley is quite representative of the life in Silicon Valley, in case you want to learn more about it.
HBO's popular series Silicon Valley tells the story of a fiction tech company Pied Piper.
9. And the story is told in a very realistic way.
The company drama a very talented software engineer goes through to keep his own company; the status of talented immigrants; the real estate owners who aren't actually talented but know how important it is to own a house in Palo Alto very well; and how giant companies compete against each other... Silicon Valley is both amusing and informative!
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