Tech Stars Quit Silicon Valley as Politics, Pandemic Weigh
https://www.newsmax.com/newsfront/tech-stars-quit-silicon/2020/12/20/id/1002378/
Its common for Silicon Valley companies to spread to new cities while retaining their California ties, noted analyst Patrick Moorhead of Moor Insights and Strategy, who long ago traded California for Austin.
"They are just moving their headquarters; they have an outpost in Silicon Valley, " he said.
Hewlett Packard Enterprise already had more people in Houston that any other city before it recently announced plans to move its headquarters to Texas, Moorhead noted.
"I don't see Apple and Google moving away from here any time soon," Milanesi said.
She warned that a bigger trend in play could be other countries such as China and Israel outshining the US overall as hubs for tech innovation.
Other countries are better subsidizing research and startups, promoting sciences in schooling, and encouraging innovation and patents, according to the analyst.
"A part of that is a lot of the talent in Silicon Valley is immigrants or the children of immigrants," Milanesi said.
"The US, particularly in the last four years, has not been very welcoming."