Definition

Silicon Valley

Silicon Valley is home to some of the world's largest technology corporations and thousands of technology-related startup companies. Silicon Valley is in northern California, in the southern region of the San Francisco Bay Area.

The Silicon Valley name, coined by entrepreneur Ralph Vaerst in the 1970s, originally derived from the region's large number of silicon chip manufacturers. Silicon Valley now hosts the headquarters and office complexes of a number of high-tech businesses, including Apple Inc., eBay Inc., Facebook Inc., Intuit Inc., Adobe Systems Inc., Intel Corp. and Hewlett-Packard Co.

Silicon Valley continues to be one of the country's leading regions for high-tech innovation and development, accounting for about one-third of all venture capital investment in the United States, according to data collected in the Money Tree Report by Thomson Reuters in 2010. Other leading venture capital hubs are New England, the New York Metro area and Los Angeles County.

Cities in Silicon Valley include Los Altos, Palo Alto, San Jose, Santa Clara and 20 others. Notable institutions of higher education in the Silicon Valley include Stanford University, Silicon Valley University and three University of California campuses.

Contributor(s): Emily McLaughlin
This was last updated in July 2013
Posted by: Margaret Rouse

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