This is a place in California. It is famous for creating economic value out of ideas of processing Silicon for producing increasingly better quality Transistors at decreasing cost. Due to the high amenability of Silicon to advancement, this journey led to the chain reaction of the formation of a large number of firms for exploiting this opportunity. Accumulated Wealth and expertise have also lead to the formation of venture capital funds.
Due to the maturity of Silicon, the focus has shifted in software and service Innovation. However, software and service ideas are not as amenable as Silicon. As a result, it’s likely that Silicon Valley’s economic prosperity will not likely keep pace with the past.