position of industry Flashcards
(9 cards)
What type of industry is found in Silicon Valley, California?
High-tech electronics, software, telecommunications, and aerospace engineering.
Where is Silicon Valley located?
In the southern part of the San Francisco Bay Area, California, USA.
Why is proximity to universities important for Silicon Valley’s growth?
Nearby universities like Stanford and UC Berkeley supply skilled graduates in engineering, business, and computer science, supporting innovation.
How does the availability of skilled labor support Silicon Valley?
Over 50% of workers hold bachelor’s degrees; the skilled workforce supports startups and fosters a strong culture of innovation.
What role does aerospace engineering play in Silicon Valley?
Aerospace companies near Moffett Airfield form a cluster, driven by demand for high-tech innovations in engineering.
How is Silicon Valley connected in terms of transport?
It is accessible via San Francisco International Airport, the Port of Oakland, and is near cities like LA, Seattle, and San Francisco.
Why is Silicon Valley’s proximity to key markets important?
It provides access to large consumer bases in cities like LA and SF and maintains global tech connections, especially with Asia and Europe.
What makes the business environment in Silicon Valley favorable?
Access to venture capital ($47+ billion in 2020), strong startup ecosystem, and supportive entrepreneurial culture.
How do climate and quality of life contribute to Silicon Valley’s success?
The mild climate and high living standards attract global talent and help retain skilled professionals.
