Silicon Valley has already attracted the attention of the world as a high-tech economic center since 1960, which lured other areas in the world to try to duplicate the distinctive industrial pattern of Silicon Valley. The first meaningful replication of Silicon Valley occurred in the mid of 1960. A batch of high-tech firms based on financial groups attempted to create a second Silicon Valley in New Jersey. Thus, they employed Stanford's dean of engineering and provost, Frederick Terman, who just retired. Frederick Terman is considered the father of Silicon Valley because of his nurturing of Hewlett-Packard, Varian Associates, and other high-tech firms, which is the main impetus of the generation of Silicon Valley around the Stanford campus.
Electronic Engineering Times: 1, October 13, 2003.  Kripalani, Majeet & Egnardio, Pete. The Rise Of India. Business Week Online. December 8, 2003. http://www.businessweek.com/magazine/content/03_49/b3861001_mz001.htm  Outsourcing created more jobs in US.
In today’s society, our economy relies on businesses and companies, who in turn rely on consumers to purchase and invest in stock. One of the most prominent and expanding companies throughout the world is Apple Inc. Apple is a consumer-electronic producing company that is best recognized for the iPhone, iPad, and Mac computer. Apple is headquartered in Cupertino, California, but has expanded to many countries world-wide, selling its products to every age range. Apple has been creating jobs for decades, playing an imperative role in America’s economy, and has proved to be a wise long-term investment for years. America’s economy has not always been steady, but the companies that are still able to thrive through those hard times often go on to become extremely successful.
25 Nov. 2013 CustomCommentsTagsParentheticalEditDelete "Profile: Steve Jobs of Apple." NBC Nightly News [Transcript] 25 Aug. 2011. Student Resources in Context. Web. 26 Nov. 2013.
The semiconductor industry first emerged in the U.S.A, it spread from the east coast to the west coast within a decade. Manufacturers would locate near universities because it proved highly skilled labour and thus it lead to creation of Silicon Valley, in Santa Clara, California. Nearby Stanford University was the basis for the creation of the area and because the university was supported by government funded electronics research. During the 1960s and 1970s Japan and some European countries, such as UK and Germany, began to develop semiconductor industries. The success of the Japanese firms such as NEC was overwhelming and by the 1980s Japan had overtaken the United States to become the worlds leading semiconductor producer.
Apple is one of the leading company in the electronic industry located in Cupertino, California. This electronic giant, at top of Business Weeks Most Innovative Companies list since 2004, had showed itself by doing so well over the years in not only product design but also make a huge amount of money in the past 20 years especially in revenue and margins. According to “Apple Sales”, in the first quarter of 2011, $26.7 billion in revenue, 70% increase from a year before was reported. Apple was established as a computer company in Mountain View, California, on April 1, 1976 by Steve Jobs and Steve Wozniak. But later diversified to a digital entertainment and software company in 2003 by providing iPod and iTunes which made them “invented a whole new category of digital music player that let you put your entire music collection in your pocket and listen to it wherever you go”.
Hewlett-Packard Company. Retrieved October 14, 2004 from http://www.datamonitor.com 2. Hewlett –Packard Development Company, L.P. (2004). HP 2003 Annual Report , 4-11. 3.
In 2005, Lenovo acquired IBM’s “ThinkPad” business (Martin, 2014). This acquisition was a major strategic move for the company as it allowed the company to gain access to the foreign markets and consumers. It also allowed the company to signficantly increase its product offering in terms of volume. By acquiring IBM’s personal computer business, the company became the third largest PC manufacturer in the world (Martin, 2014). In 2010, because of its innovation strategy and acquisitions, Lenovo became one of the world’s largest PC producers by having achieved a considerable market share (Lenovo 2013b).
First, the ability to vi... ... middle of paper ... ..... (2003, May 2). OpenOffice.org 1.0.x Features. Retrieved October 1, 2003 from http://www.openoffice.org/dev_docs/source/features.html Robinson, G. (2003, January 24). Linux, Linux, Everywhere? Retrieved October 1, 2003, from http://www.iapplianceweb.com/story/OEG20030124S0039 Szakal, A.