A transistor represented a leap in the electronics field, able to do everything a vacuum tube could do, but was smaller, faster and cheaper. ![]() The area’s economic edge is its unparalleled ecosystem of entrepreneurs, venture capitalists and others who specialize in helping innovative companies get started and grow. After winning the Nobel Prize for Physics for inventing the transistor, William Shockley established Shockley Semiconductor in Santa Clara Valley. Despite the thriving silicon chip industry. Silicon Valley Bank collapsed Friday morning after a stunning 48 hours in which a bank run and a capital crisis led to the second-largest failure of a financial institution in US history. But the remote-work revolution unleashed by the pandemic has emboldened the detractors and made their claims seem more plausible. Silicon chips were a fundamental building block in the computing industry, making the region a natural magnet to anyone working in technology. ![]() Silicon Valley has been through deep cyclical downturns before, and critics have been predicting its downfall for decades, to no avail. The population of the region’s six core counties has declined by an estimated 234,697 people, or 3.5%, since April 2020. San Francisco’s downtown, booming before Covid-19, is now one of the nation’s most troubled. Home prices are falling. The Northern California region now known as Silicon Valley was at the forefront of the semiconductor industry boom in the mid-20th century spearheaded by companies like Fairchild and Intel. The region’s second- and third-largest banks, First Republic Bank and Silicon Valley Bank, have failed. All you have to do is touch the inner corner of my right eye. Large employers in what locals call the Bay Area have been laying off workers left and right. You'll learn everything you need to know later. It's like Versailles.These aren’t the best of times in Greater Silicon Valley - the San Francisco and San Jose metropolitan areas and some surrounding counties. One practically wants to shush the broker when she says this is "a grand scale house in the old world sense. View contacts for Shush to access new leads and connect with. It's all quite strange, because the place actually looks quite nice: there's a 5,000-bottle wine cellar, two kitchens, a marble foyer, a ballroom (with hand-painted gold-leaf ceilings), and more, not to mention grounds and gardens sure to make Dior models giddy with glee. Meanwhile, just down the road, a historic Colonial trots around with an $85M price tag. ![]() Once listed for $21M and then PriceChopped to $13M, now the 14,600-square-foot home, built in the '20s, is headed to the auction block with no reserve. Shush Shush - Qwasar Silicon Valley - Bromsgrove, England, United Kingdom LinkedIn View Shush Shush’s profile on LinkedIn, the world’s largest professional community. Then there's this Silicon Valley iteration, featured today in the Wall Street Journal. ![]() Versailles knockoffs just don't sell: just ask billionaire developer David Siegel, whose 90,000-square-foot Floridian version is languishing on the market as an empty, incomplete shell of dreams that could have been. The moves came as the firm, a key tech lender. This month, Silicon Valley beckoned with breweries ranging from Floodcraft to Taplands and more. And if history has taught us anything, it's that this sort of megalomaniacal building is almost always, always a bad idea. US regulators have shut down Silicon Valley Bank (SVB) and taken control of its customer deposits in the largest failure of a US bank since 2008. People like to plop their own miniature versions of the Palace of Versailles in many places, from Virginia suburbs to Wales.
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