Big technology companies and thousands of technology start-ups are at home in California's "Silicon Valley," a region at the south end of San Francisco Bay. But California's reputation as the global center of technology innovation may be dimming a bit. Some executives are pulling out and heading to the state of Texas.
Last December Oracle announced the move of their headquarters to Austin, four decades after its 1977 founding in Santa Clara. That same month Hewlett Packard Enterprise announced their move to Houston.
And just this week, headline-grabber Elon Musk announced that Tesla headquarters is also going to relocate to Austin. The Fremont (California) factory will remain in place, but big growth is the plan and Elon says there's a limit to how much they can scale up in the Bay area.
Yang Tang, chief technology officer at Expedi, has made that move to Texas himself. He believes that he gets it: "I think Texas is positioned to outpace California . . . Houston presents endless opportunities and is a melting pot for new ideas and the spirit of ingenuity."
(cont'd tomorrow)
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