In 1933, Air Base Sunnyvale, California, was commissioned by the United States Government for use as a Naval Air Station (NAS) to house the airship USS Macon in Hangar One. A number of technology firms had set up shop in the area around Moffett Field to serve the Navy.The station was renamed NAS Moffett Field, and between 19, U. When the Navy gave up its airship ambitions and moved most of its west coast operations to San Diego, the National Advisory Committee for Aeronautics (NACA, forerunner of NASA) took over portions of Moffett Field for aeronautics research.Silicon Valley also accounts for one-third of all of the venture capital investment in the United States, which has helped it to become a leading hub and startup ecosystem for high-tech innovation and scientific development.It was in the Valley that the silicon-based integrated circuit, the microprocessor, and the microcomputer, among other key technologies, were developed.It marked completion of an enterprise begun by a couple of San Francisco Merchants' Exchange members named George Sweeney and Theodore E.Baugh…" He says, "In 1849, the gentleman established a wigwag telegraph station a top a high hill overlooking Portsmouth Squares for signaling arriving ships…The operator at the first station caught these signals by telescope and relayed them to the Merchant's Exchange for the waiting business community." Arbuckle points to the historic significance the Merchants Exchange Building (San Francisco) and Telegraph Hill, San Francisco when he goes on to say "The first station gave the name Telegraph to the hill on which it was located.
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that "California first heard the click of a telegraph key on September 11, 1853.Perhaps the strongest thread that runs through the Valley's past and present is the drive to "play" with novel technology, which, when bolstered by an advanced engineering degree and channeled by astute management, has done much to create the industrial powerhouse we see in the Valley today.The first published use of Silicon Valley is credited to Don Hoefler, a friend of local entrepreneur Ralph Vaerst's who suggested the phrase to him.These firms slowly replaced the orchards and the fruits which gave the area its initial nickname—the "Valley of Heart's Delight". Stanford University leadership was especially important in the valley's early development.
Silicon Valley was born through several contributing factors intersecting, including a skilled STEM research base housed in area universities, plentiful venture capital, and steady U. Together these elements formed the basis of its growth and success.
The term gained widespread use in the early 1980s, at the time of the introduction of the IBM PC and numerous related hardware and software products to the consumer market.