KPIX December 13, 2020
Silicon Valley has been the epicenter of the tech industry for decades, starting in 1938 when Bill Hewlett and David Packard started tinkering in a Palo Alto garage.
But that may be changing. Perhaps the most striking evidence of that: A descendant of the company they founded, Hewlett Packard Enterprise, will move its headquarters to Texas. On Friday, another longtime Silicon Valley stalwart, Oracle, announced plans to join them, saying it will relocate its headquarters to Austin.
Where are they going?
A tech company decamping to Texas and especially to Austin is hardly groundbreaking. The tech hub, nicknamed “Silicon Hills,†is already home to industry leaders including Advanced Micro Devices, Dell and others.
As of November, 39 companies — in tech and other industries had relocated to Austin so far this year, according to data from the Austin Chamber of Commerce. Among those are 8VC, the venture capital firm run by Palantir co-founder Joe Londonsdale. Tesla is also building a 4 million square foot facility just outside Austin that’s expected to create 5,000 jobs, the Chamber’s records show.
More:
https://sanfrancisco.cbslocal.com/2020/12/13/silicon-valley-texit-is-real-heres-whos-going-and-where/
