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History of Silicon Valley and Success of Bill Gates - Research Paper Example

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From the paper "History of Silicon Valley and Success of Bill Gates" it is clear that Santa Clara Valley History Association (2010) described random access memory system as one of the most important inventions in the Silicon Valley. This invention was proudly owned by IBM in San Jose. …
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History of Silicon Valley and Success of Bill Gates
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Download file to see previous pages The valley situated along the San Francisco Bay area in the state of California in the United States has become the hub of latest technology due to the great number of entrepreneurs and engineers present in the region. Silicon Valley lodges offices of some of the largest companies of the world; namely Oracle Corporation, Apple, Google, eBay, Hewlett Packard etc.
Snitow and Kaufman (2002) highlighted the history of Silicon Valley and stated that this region was called “Valley of the Heart’s Delight”; since it was very rich in producing fruit trees and farms. With the advent of the technological trend; it came to be known as ‘Silicon Valley’. Cahners Publishing Company (1986) stated that ‘Valley’ indicates the valley of Santa Clara, which is situated at the San Francisco Bay. Whereas, ‘Silicon’ has been used to indicate the of a magnitude of semiconductor and computer companies in the region. This name was developed by Ralph Vaerst who was a well-known entrepreneur in California.
The phenomenon of this hub of technology was developed in the 1970s but the origin of this place can be found as early as 1890s. Markoff (2009) highlighted the history of Silicon Valley and stated that the concept of this valley was initiated when Stanford University opened there. The people behind this university envisioned this establishment as a way to contribute to the West and therefore directed the institution in the same way. These pioneers wanted their region to become a powerful one because of which they encouraged their students to develop their own companies.
Santa Clara Valley History Association (2010) stated in one their articles that in the decades of 1940s and 1950s, Fredrick Terman was the dean of Stanford University who induced the spirit of regional solidarity in his students and encouraged them to become entrepreneurs. It was due to his guidance and vision that some of the students launched a few companies, namely Hewlett-Packard and Varian Associates.  ...Download file to see next pagesRead More
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