If it weren't for the patents and revolutionary ideas that sprung from Silicon Valley, you wouldn't have been able to read this article or manage your business remotely using a phone or computer via social network platforms. What does this term mean?
This term refers to the area located in the southern part of San Francisco Bay in northern California, and includes a group of major global technology companies such as "Apple", "Cisco", "Microsoft", "Google", "Oracle" and others.
Its name is due to the large number of innovators and manufacturers of silicon chips used in computer microprocessors, and it has come to be symbolized as a region that includes all high-tech companies in America.
The importance of Silicon Valley is not due to the number of companies stationed in it, but to the number of patents that have been registered there, where 12% of the patents registered in the United States as a whole come from this small geographical area, in addition to its contribution to a third of the investment returns in the field of new projects in America.
The world's largest companies are in Silicon Valley
Silicon Valley is famous for being home to all kinds of giants, with the six largest companies in Silicon Valley consisting of three technology companies and three companies in other industries, as follows:
1- Apple: the American smartphone giant, based in the heart of the valley. In July 2020, Apple overtook the Saudi oil giant Aramco, to become the world's most traded company by value, with a current market value of $ 2 trillion.
2- Google: the famous company with the most used internet search engine in the world that produced the Android operating system for cell phones, and its current market value is $ 1.07 trillion.
3- Facebook: Headquartered in Silicon Valley, it has two billion monthly active users, and 1.66 billion daily active users, 87.1% of marketers in the United States use the application for promotion, and there are more than 80 million business pages on it, and its market value is 766.36 billion Dollars.
4- Visa: Renowned for its credit cards worldwide, Visa-4 provides banks, credit unions, and other financial institutions, a multinational financial services company, with a current market value of $ 418 billion.
5- Chevron: It is an energy company located in the North Valley, which has grown from a small oil refining company to a giant multinational energy company, with the current market value of the company estimated at 223.8 billion dollars.
6- Wells Fargo: a holding company consisting of three companies affiliated with banking and financial services (community banking, wholesale banking services, wealth management, and investment), it is the third largest bank in the United States by assets, and one of the largest American banks by market value, which is currently estimated At $ 118.47 billion.
Why is Silicon Valley attracting giants?
There is constant talk in the financial and business sectors about the secret of Silicon Valley's attraction to the giants, especially after the "NASA" company, which is headquartered in the region, has succeeded in reaching the moon, but most of the research is due to the existence of "Stanford University", one of the largest and oldest American universities, which were founded in 1885 and have focused since their inception on scientific research in specialized centers and helping students establish their businesses.
There is also the University of California - Berkeley, which is located in the north of the valley, and was established around the same period. The two universities constitute the secret of success in the existence of Silicon Valley, as they complement each other in spreading science and research in this region, and they have specialized research centers to support initiatives and businesses and find the necessary funding for them.
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