Monday, March 20, 2023
198 Mexico News
No Result
View All Result
  • Home
  • BUSINESS NEWS
  • VIDEO NEWS
  • FEATURED NEWS
    • MEXICO USA TRADE NEWS
    • MEXICO EU NEWS
    • MEXICO UK NEWS
    • MEXICO BRAZIL NEWS
    • MEXICO INDIA NEWS
    • MEXICO GULF NATIONS NEWS
    • MEXICO CHINA NEWS
    • MEXICO EGYPT NEWS
    • MEXICO AFRICA NEWS
    • MEXICO NIGERIA NEWS
    • MEXICO THAILAND NEWS
  • POLITICAL NEWS
  • TECHNOLOGY
  • CRYPTO
  • AGRICULTURE
  • MORE NEWS
    • MEXICO IMMIGRATION NEWS
    • MEXICO SCHOLARSHIP NEWS
    • MEXICO VENTURE CAPITAL NEWS
    • MEXICO EDUCATION NEWS
    • MEXICO BUSINESS HELP
    • MEXICO PARTNESHIPS
    • MEXICO MANUFACTURE NEWS
    • MEXICO UNIVERSITY NEWS
    • MEXICO JOINT VENTURE NEWS
  • ASK IKE LEMUWA
  • CONTACT
198 Mexico News
  • Home
  • BUSINESS NEWS
  • VIDEO NEWS
  • FEATURED NEWS
    • MEXICO USA TRADE NEWS
    • MEXICO EU NEWS
    • MEXICO UK NEWS
    • MEXICO BRAZIL NEWS
    • MEXICO INDIA NEWS
    • MEXICO GULF NATIONS NEWS
    • MEXICO CHINA NEWS
    • MEXICO EGYPT NEWS
    • MEXICO AFRICA NEWS
    • MEXICO NIGERIA NEWS
    • MEXICO THAILAND NEWS
  • POLITICAL NEWS
  • TECHNOLOGY
  • CRYPTO
  • AGRICULTURE
  • MORE NEWS
    • MEXICO IMMIGRATION NEWS
    • MEXICO SCHOLARSHIP NEWS
    • MEXICO VENTURE CAPITAL NEWS
    • MEXICO EDUCATION NEWS
    • MEXICO BUSINESS HELP
    • MEXICO PARTNESHIPS
    • MEXICO MANUFACTURE NEWS
    • MEXICO UNIVERSITY NEWS
    • MEXICO JOINT VENTURE NEWS
  • ASK IKE LEMUWA
  • CONTACT
No Result
View All Result
198 Mexico News
No Result
View All Result

The Secret to Building the Next Silicon Valley

by 198 Mexico News
January 13, 2022
in MEXICO TECHNOLOGY NEWS
Reading Time: 3 mins read
A A
0
Home MEXICO TECHNOLOGY NEWS
Share on FacebookShare on Twitter

[ad_1]

You might also like

The semiconductor bill is uniting political rivals

Abortion bans have raised the stakes of the midterms. Will billionaire donors step up?

Genshin Impact Mesmerizing Dream At Sea Web Event Answers, Rewards

Political leaders have been trying to replicate Silicon Valley’s high-tech magic since the invention of the microchip. A tech-curious Charles de Gaulle, then president of France, toured Palo Alto in his convertible limousine in 1960. Russian Federation President Dmitri Medvedev dressed business casual to meet and tweet with Valley social media tycoons in 2010. Hundreds of eager delegations, foreign and domestic, visited in between. “Silicon Valley,” inventor and entrepreneur Robert Metcalfe once remarked, “is the only place on earth not trying to figure out how to become Silicon Valley.”

In the US, too, leaders have long tried to engineer another Silicon Valley. Yet billions of dollars of tax breaks and “Silicon Something” marketing campaigns later, no place has matched the original’s track record for firm creation and venture capital investment—and these efforts often ended up benefiting multinational corporations far more than the regions themselves. Wisconsin promised more than $4 billion in tax breaks and subsidies to Taiwanese electronics manufacturer Foxconn in 2017, only to see plans for a $10 billion factory and 13,000 jobs evaporate after hundreds of millions of taxpayer dollars had already been spent to prepare for Foxconn’s arrival. Amazon’s 2017 search for a second headquarters had 238 American cities falling over each other to woo one of the world’s richest corporations with tax-and-subsidy packages, only to see HQ2 go to two places Amazon likely would have chosen anyway because of their preexisting tech talent. One of the winners, Northern Virginia, promised Amazon up to $773 million in state and local tax subsidies—a public price tag for gleaming high-tech towers that seems especially steep as Amazon joins other tech giants in indefinitely pushing back post-pandemic plans to return to the office.

While the American tech industry is vastly larger than it used to be, the list of top tech clusters—the Bay Area, Seattle, Boston, Austin—has remained largely unchanged since the days of 64K desktop computers and floppy disks. Even the disruptions of the Covid-19 pandemic have done little to alter this remarkably static and highly imbalanced tech geography.

Still, politicians are trying again. Bills working their way through Congress include the US Innovation and Competition Act (USICA), which contains big boosts to research spending, $10 billion in new grants and subsidies to develop “regional innovation hubs, and $52 billion to expand domestic semiconductor production.” The Build Back Better Act now battling its way through the Senate includes more than $43 billion for tech-inflected programs to boost local economies. These measures emphasize investment over tax breaks, and in sum invest far more in place-based economic strategies than the US has in decades. They are promising. But they are only a start.

You don’t have to travel far in Silicon Valley to find a techno-libertarian proclaiming that the sector’s success is purely the result of entrepreneurial hustle and that the best thing government can do is get out of the way. But that conclusion ignores history. In reality, public spending played an enormous role in growing high-tech economies in Silicon Valley, Seattle, Boston, and Austin. Understanding how this happened is essential to imagining where tech might grow next.

During World War II, the US government’s unprecedented mobilization of people and resources remade America’s economic map. Depression-ravaged Midwestern assembly lines jolted back to life at the government’s command, churning out Jeeps and tanks instead of passenger cars. Scientists and technologists set aside usual research pursuits to join the wartime “army of brains.” Many were involved in the top-secret push to develop an atomic bomb, living in entirely new communities constructed by the military in places so remote that they could remain unnoticed: the New Mexico desert, the arid plains of Eastern Washington, the hollows of rural Tennessee.

World War II was the test case for using government investment to spur scientific progress and remake regional economies. The Cold War took it to scale. Military spending that had shrunk at war’s end surged back by the early 1950s amid a new atomic arms race with the Soviet Union and war in Korea. Take a stroll around an American university campus today, note the number of science buildings erected in the 1950s and 1960s, and you can see the poured-concrete results.

Initially, the regions at the top of the high-tech heap were on the East Coast; Boston was the nation’s largest tech economy well into the 1980s. The region that eventually dislodged Boston from its high-tech throne was, before the war, best known as the nation’s capital of prune production. The one thing setting the future Silicon Valley apart from its agricultural counterparts was Stanford University, which had some pretty good engineering programs and a few alumni tinkering in garage startups nearby.

[ad_2]

Source link

Tags: BuildingsecretSiliconValley
Share30Tweet19
Previous Post

Urja Global प्रमोटर्स ने😱चौंकाया |Urja Global Latest News | Urja Global Big Latest News |Urja Global

Next Post

Canada joins Mexico in challenging U.S. on auto trade rules, latest sign of strains

Recommended For You

The semiconductor bill is uniting political rivals

by 198 Mexico News
July 25, 2022
0
The semiconductor bill is uniting political rivals

The news: Last month, Stanford’s Sewer Coronavirus Alert Network, or SCAN, added monkeypox to the suite of viruses it checks wastewater for daily. Since then, the virus has...

Read more

Abortion bans have raised the stakes of the midterms. Will billionaire donors step up?

by 198 Mexico News
July 25, 2022
0
Abortion bans have raised the stakes of the midterms. Will billionaire donors step up?

During the 2020 election, left-leaning billionaires — particularly tech billionaires — who previously hadn’t been big political spenders emerged as a powerful political force. Several of Silicon Valley’s...

Read more

Genshin Impact Mesmerizing Dream At Sea Web Event Answers, Rewards

by 198 Mexico News
July 25, 2022
0
Genshin Impact Mesmerizing Dream At Sea Web Event Answers, Rewards

Help Paimon remember her dream using inspiration to earn Primogems and Mora in Genshin Impact's Mesmerizing Dream at Sea web event.Updated on July 24th, 2022Genshin Impact developer HoYoverse...

Read more

Intel apologizes to scavenger hunt winners for delays and reveals prizes

by 198 Mexico News
July 24, 2022
0
Intel apologizes to scavenger hunt winners for delays and reveals prizes

In context: In January, the months-long and platform-spanning Intel Xe HPG Scavenger Hunt reached its exciting end. Intel said that the prizes would be new Arc Alchemist GPUs...

Read more

How to Type or Insert the Apple Logo () on an iPhone, iPad, or Mac

by 198 Mexico News
July 23, 2022
0
How to Type or Insert the Apple Logo () on an iPhone, iPad, or Mac

Did you know that you can effortlessly type or insert the Apple logo () in messages, notes, browser search bars, and other text fields on your iPhone, iPad,...

Read more
Next Post
Canada joins Mexico in challenging U.S. on auto trade rules, latest sign of strains

Canada joins Mexico in challenging U.S. on auto trade rules, latest sign of strains

Canada announces funding for families of murdered and missing Indigenous women, girls | FULL

Canada announces funding for families of murdered and missing Indigenous women, girls | FULL

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Unprecedented price hikes put the squeeze on Iranian tenants | Economy News

Unprecedented price hikes put the squeeze on Iranian tenants | Economy News

July 26, 2022
U.S. is sidelined in critical minerals push

U.S. is sidelined in critical minerals push

July 26, 2022
China, Russia Dominate Nuclear Reactor Construction, IEA Says

China, Russia Dominate Nuclear Reactor Construction, IEA Says

July 26, 2022
Credentials for cosmetic surgery centers in Tijuana to be scrutinized

Credentials for cosmetic surgery centers in Tijuana to be scrutinized

July 25, 2022
New group of 2,000 migrants sets off in southern Mexico

New group of 2,000 migrants sets off in southern Mexico

July 25, 2022
New group of 2,000 migrants sets off in southern Mexico :: WRAL.com

New group of 2,000 migrants sets off in southern Mexico :: WRAL.com

July 25, 2022
Ethereum Weekly Exchange Net Flow Points To Growing Accumulation Trend

Ethereum Weekly Exchange Net Flow Points To Growing Accumulation Trend

July 25, 2022
San Diego’s wastewater shows COVID-19 cases about to spike

San Diego’s wastewater shows COVID-19 cases about to spike

July 25, 2022
198 Mexico News

198 Mexico News will provide the latest news update as the government facing a growing challenging in preventing Mexico from breaking apart along ethnic and religious lines.

198massmedia Group. USA. 3821 Dominion Drive, Dumfries, USA. 22026.

Toll Free 1 888 642 8433.
Contact: info@198mexiconews.com

LATEST UPDATES

Unprecedented price hikes put the squeeze on Iranian tenants | Economy News

U.S. is sidelined in critical minerals push

China, Russia Dominate Nuclear Reactor Construction, IEA Says

Credentials for cosmetic surgery centers in Tijuana to be scrutinized

New group of 2,000 migrants sets off in southern Mexico

New group of 2,000 migrants sets off in southern Mexico :: WRAL.com

Ethereum Weekly Exchange Net Flow Points To Growing Accumulation Trend

San Diego’s wastewater shows COVID-19 cases about to spike

RECOMMENDED

No Content Available
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - 198 Mexico News.

No Result
View All Result
  • Home
  • BUSINESS NEWS
  • VIDEO NEWS
  • FEATURED NEWS
    • MEXICO USA TRADE NEWS
    • MEXICO EU NEWS
    • MEXICO UK NEWS
    • MEXICO BRAZIL NEWS
    • MEXICO INDIA NEWS
    • MEXICO GULF NATIONS NEWS
    • MEXICO CHINA NEWS
    • MEXICO EGYPT NEWS
    • MEXICO AFRICA NEWS
    • MEXICO NIGERIA NEWS
    • MEXICO THAILAND NEWS
  • POLITICAL NEWS
  • TECHNOLOGY
  • CRYPTO
  • AGRICULTURE
  • MORE NEWS
    • MEXICO IMMIGRATION NEWS
    • MEXICO SCHOLARSHIP NEWS
    • MEXICO VENTURE CAPITAL NEWS
    • MEXICO EDUCATION NEWS
    • MEXICO BUSINESS HELP
    • MEXICO PARTNESHIPS
    • MEXICO MANUFACTURE NEWS
    • MEXICO UNIVERSITY NEWS
    • MEXICO JOINT VENTURE NEWS
  • ASK IKE LEMUWA
  • CONTACT

Copyright © 2022 - 198 Mexico News.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?