Home > News > In Silicon Valley, tech economy strengthens despite strains elsewhere
April 8th, 2007
In Silicon Valley, tech economy strengthens despite strains elsewhere
Abstract:
Economists also point out that the valley's portfolio of industries is now more diverse, with start-ups in biotech, nanotech and "clean tech." Semiconductor-industry stalwarts Applied Materials and Cypress Semiconductor are now branching into solar power.
The valley isn't creating jobs nearly as fast as it did in the dot-com heyday. In late September 2000, unemployment in Santa Clara County fell to a microscopic 1.7 percent.
"We lost 200,000 jobs and only got 50,000 back, so we've kind of paid our dues," said Stephen Levy, director of the Center for Continuing Study of the California Economy in Palo Alto. "From this point going forward, our economic basis is well-positioned. Innovation is still really important, and serving global markets is exactly where you want to be."
Source:
mercurynews.com
Related News Press |
Jobs
Could quantum technology be New Mexico’s next economic boon? Quantum New Mexico Coalition aims to establish state as national hub April 1st, 2022
SEMI Partners with GLOBALFOUNDRIES to Offer Apprenticeship Program Aimed at Building the Electronics Talent Pipeline August 11th, 2020
Arrowhead Pharmaceuticals Reports Inducement Grants under NASDAQ Marketplace Rule 5635(c)(4) March 29th, 2019
Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers/Posters
Simulating magnetization in a Heisenberg quantum spin chain April 5th, 2024
Discovery points path to flash-like memory for storing qubits: Rice find could hasten development of nonvolatile quantum memory April 5th, 2024
Human Interest/Art
Drawing data in nanometer scale September 30th, 2022
Scientists prepare for the world’s smallest race: Nanocar Race II March 18th, 2022
Graphene nanotubes revolutionize touch screen use for prosthetic hands August 3rd, 2021
JEOL Announces 2020 Microscopy Image Grand Prize Winners January 7th, 2021
The latest news from around the world, FREE | ||
Premium Products | ||
Only the news you want to read!
Learn More |
||
Full-service, expert consulting
Learn More |
||