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2024-04-02 05:12:57

Silicon Valley

Global center for high technology and innovation.
Silicon Valley
Silicon Valley
Global center for high technology and innovation.
Silicon Valley, located in Northern California, is known for its high-tech business sector. It is home to many major tech corporations and thousands of startups. The region is a leading hub for high-tech innovation and venture capital investment in the United States.
1777
Mission Santa Clara founded
Father Junipero Serra founded Mission Santa Clara in the Santa Clara Valley, which later became known as Silicon Valley. The area around the mission grew to be known for its beauty and agricultural abundance.
1847
California becomes part of the US
In 1847, California became part of the United States, leading to significant changes in the region's development and history.
1848-01-24
Gold Rush
In 1848, the Gold Rush began, spreading rumors all over the world and attracting people to seek their fortune in California.
1885
Leland Stanford establishes Stanford University
Leland Stanford, along with his wife Jane, founded Stanford University in Santa Clara Valley as a memorial to their son. The university played a crucial role in the development of Silicon Valley.
1887
Lick Observatory is erected near San Jose
In 1887, the Lick Observatory was established near San Jose, becoming the world's first mountain-top observatory that was continuously occupied.
1891
Stanford University founded near Palo Alto
Leland and Jane Stanford founded Stanford University near Palo Alto in 1891, contributing significantly to the development of education and innovation in the Silicon Valley region.
1906
San Francisco earthquake and fire
The devastating San Francisco earthquake and fire occurred in 1906, causing widespread destruction and impacting the development of the Silicon Valley area.
1909
Establishment of One of US's First Radio Stations in San José
In 1909, San José became home to one of the United States' first radio stations, contributing to the growth of the radio industry in the region.
1915
Lee DeForest's vacuum tube amplifier demonstrated
At the 1915 World's Fair in San Francisco, Lee DeForest's vacuum tube amplifier was used to make the first intercontinental phone call, marking a significant advancement in communication technology.
1921
Revenue Act of 1921
The Revenue Act of 1921 in the United States charged much lower taxes on capital gains, making the country more friendly to business investment and contributing to the development of Silicon Valley.
1925
Frederick Terman joins Stanford University
In 1925, Frederick Terman starts teaching electronics electrical engineering at Stanford University and encourages his students to establish businesses in California.
1933
Navy's Purchase of Moffett Field
In 1933, the Navy purchased Moffett Field to dock and maintain the USS Macon, transforming the area into a major hub for the aerospace industry's early days.
1939
Foundation of Ames Research Center
In 1939, the Ames Research Center was founded in the area, eventually becoming home to the world's largest wind tunnel in 1949, attracting numerous scientists and researchers.
1951
Establishment of Stanford Research Park
Fred Terman establishes Stanford Research Park in partnership with Stanford University and the City of Palo Alto. It serves as a hub for military and commercial technological innovations for companies like Hewlett Packard, Lockheed, and Xerox.
1953
Creation of the Small Business Administration
The Small Business Administration was created in 1953 to foster startups, providing a boost to entrepreneurs and contributing to the growth of Silicon Valley.
1954
Hewlett-Packard Moves to Stanford Research Park
In 1954, Hewlett-Packard, founded by Stanford graduates Bill Hewlett and David Packard in 1939, moved its offices to the Stanford Research Park. This move marked a significant development in the growth of the technology industry in the area.
1957
Establishment of Fairchild Semiconductor
After signing an agreement with businessman and investor Sherman Fairchild, the eight established Fairchild Semiconductor, creating a business that lay the groundwork for Silicon Valley’s dominance in the technology sector and a blueprint for an environment of innovation and disruption.
1958
Invention of the Integrated Circuit
Jack Kilby at Texas Instruments invents the integrated circuit, a small silicon device with numerous electronic switches.
1959
Invention of Planar Process and Integrated Circuit
Jean Hoerni at Fairchild Semiconductor invents the planar process allowing precision in silicon components. Robert Noyce at Fairchild Semiconductor designs a planar integrated circuit.
1964
Founding of ESL by Bill Perry
Former Sylviania employee Bill Perry establishes the computer-based electronic-intelligence company ESL.
1965-04
Moore's Law Prediction by Gordon Moore
Gordon Moore predicts that the processing power of computers will double every 18 months, a concept known as Moore's Law.
1968
Launch of Intel
Employees leaving Fairchild Semiconductor led to the launch of Intel, one of the most notable spin-off businesses. This event marked a significant development in the technology sector.
1970
Opening of Xerox PARC
In 1970, Xerox opened its PARC lab in Palo Alto, where early computing technologies like ethernet and the graphical user interface were invented.
1971-01-11
Introduction of the term 'Silicon Valley'
Don Hoefler popularized the term 'Silicon Valley' in his article 'Silicon Valley U.S.A.' published in the January 11, 1971, issue of Electronic News. The term gained widespread use in the early 1980s with the rise of the tech industry.
1972
Formation of Kleiner Perkins
Eugene Kleiner left Fairchild Semiconductors to establish Kleiner Perkins, a prominent venture capital firm located at the exit of Sand Hill Road, between San Jose and San Francisco.
1980-12-12
Apple's IPO
Apple Computers went public with its Initial Public Offering (IPO) on December 12, 1980, creating around 300 instant millionaires among its employees, setting a record in corporate history.
1994
Foundation of Band of Angels
In 1994, the Band of Angels is founded by angel investors to provide funding for startups in Silicon Valley, contributing to the growth of the tech industry.
1997
Crystal Fire: The Birth of the Information Age
The book 'Crystal Fire: The Birth of the Information Age' by Riordan and Hoddeson was published in 1997, discussing the origins of the information age.
1999
Venture capital investments surge in Silicon Valley
Between 1998 and 1999, venture capital investments in Silicon Valley companies skyrocket by over 90%, reaching $6.1 billion from $3.2 billion.
2000
Rise of Software Engineering as In-Demand Job
Since the early 2000s, software engineering has consistently been one of the most sought-after jobs in Silicon Valley, known for its competitive job market and emphasis on employee perks.
2006-11
Gender Disparity in Silicon Valley Business Leadership
In November 2006, a report by the University of California, Davis highlighted the lack of women CEOs in Silicon Valley, with only 8.8% of companies having women in leadership positions. This gender disparity extends to tech leadership roles and venture capital funding for women-led startups.
2007
Introduction of iPhone
The introduction of the iPhone in 2007 by Apple, led by Steve Jobs and Steve Wozniak, marked a significant milestone in the history of technology, expanding from PCs to mobile devices like the iPod, iPad, and iPhone.
2008
Venture Capital Investment in Green-Tech Startups
In 2008, venture capitalists invested $4 billion into green-tech startups in Silicon Valley, which accounted for almost 40% of all U.S. investments in high-tech.
2011
Zoom Video Communications founded
Founded in 2011, Zoom Video Communications is a notable company that later became a Silicon Valley unicorn.
2013
Smartphone Operating Systems Dominance
In 2013, 92% of smartphones worldwide were using operating systems developed in Silicon Valley, with Android leading at 75%, followed by iOS at 17%.
2014-05
Tech Companies Release Corporate Transparency Reports
In May 2014, tech giants like Google disclosed detailed employee breakdowns in their corporate transparency reports, revealing statistics on gender and racial diversity within their workforce.
2014-06
Yahoo! and Facebook Release Diversity Reports
In June 2014, Yahoo! and Facebook also published reports on diversity within their tech workforce, providing insights into the representation of women and minority groups.
2014-08
Apple Reports Gender and Racial Diversity in Tech Staff
In August 2014, Apple revealed data on the gender and racial composition of its global tech staff, highlighting the underrepresentation of certain demographics in the industry.
2014-10
Silicon Valley Firms Actively Recruiting Women
In October 2014, high-profile Silicon Valley firms such as Apple, Facebook, Google, and Microsoft were actively participating in events like the Grace Hopper Celebration of Women in Computing to recruit female engineers and technology experts.
2015-03-27
Pao v. Kleiner Perkins Lawsuit Verdict
On March 27, 2015, the jury found in favor of Kleiner Perkins in the gender discrimination case filed by Ellen Pao, marking a significant moment in addressing gender discrimination in venture capital and technology firms.
2016
High Cost of Living in Silicon Valley
In 2016, Silicon Valley was known for its extremely high home prices, with a two-bedroom apartment renting for about $2,500 and the median home price reaching about $1 million.
2016-06-02
Launch of CHM's Exponential Center
On June 2, 2016, CHM's Exponential Center celebrated its launch with a gathering of founders and builders of the Digital Age. Honorees included Gordon Moore, Jay Last, and Arthur Rock, pivotal figures in the history of Silicon Valley.
2018-01-17
Silicon Valley: The Untold Story Premiere and Panel Discussion
On January 17, 2018, a premiere and panel discussion took place for the documentary 'Silicon Valley: The Untold Story' featuring legendary figures from the Silicon Valley.
2020-12-01
Silicon Valley IPO Valuation
As of the beginning of December 2020, there were 117 venture capital-backed initial public offerings (IPOs) in Silicon Valley valued at approximately $253 billion.
2023-03-24
Passing of Gordon Moore
Gordon Moore, co-founder of Intel and semiconductor pioneer, passed away at the age of 94. He played a key role in the development of semiconductor technology and the establishment of Silicon Valley as a hub for innovation.
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