![]() It has a market cap of $149.21 billion and a P/E ratio of 12.52. The company earned $73.78 billion in revenue in 2022. Wells Fargo ( WFC): This financial services company was founded in 1852 and is based in San Francisco.Its market cap is $471.26 billion and it has a P/E ratio of 32.60. The company earned $29.31 billion in revenue in 2022. Visa ( V): Visa provides payment services and is headquartered in San Francisco.Meta earned $116.61 billion in revenue in 2022. The company has a market cap of $559.39 billion and a P/E ratio of 24.91. Meta ( META): One of the largest social media networks in the world, Meta is headquartered in Menlo Park in San Mateo County.Its market cap is $324.7 billion and the company's P/E ratio is 9.27. Chevron reported $235.72 billion in revenue in 2022. Chevron ( CVX): This multinational energy corporation calls San Ramon, Contra Costa County home.It boasts a market cap of $1.35 trillion and a P/E ratio of 23.48. Alphabet reported full-year revenue of $282.84 billion in 2022. Alphabet ( GOOGL/ GOOG): The company's headquarters, which is often called The Googleplex, is located in Mountain View in Santa Clara County.Apple's market capitalization is $2.55 trillion and its price-to-earnings ratio (P/E) is 27.32. It reported revenue of $394.33 billion in 2022. Apple ( AAPL): Founded in 1976 by Steve Jobs, the company is based in Cupertino, Santa Clara County.2000 to 2010s: Meta, Twitter, and Uber are founded.1990s: Netscape, Google, Yahoo, Amazon, PayPal, and Netflix are founded.1980s: Cisco, Sun Microsystems, and Adobe are founded.1970s: Atari, Apple, Microsoft, and Oracle are founded.1971: Journalist Don Hoefler publishes a three-part report on the rise of technological development in the region in Electronic News, titled "Silicon Valley, U.S.A." He's credited with creating the region's name.Arpanet is the foundation for the internet. 1969: The Arpanet computer network is established with four nodes, including one at Stanford University.1961: Former Fairchild backer Arthur Rock establishes Davis & Rock, considered the nation's first venture capital firm, giving rise to a new type of investment industry.Their discoveries led to the integrated circuit, created from silicon, used in all microprocessors today. 1958 to 1960: Robert Noyce and Jack Kilby independently discover that all parts of a circuit, including the transistor, can be created using silicon.Fairchild employees will later go on to start many other companies, including Intel and AMD. 1957: Several Shockley employees resign and start a competing firm, Fairchild Semiconductor.1955: William Shockley opens his own firm, Shockley Semiconductor Laboratory, in Mountain View.1951: Fred Terman establishes Stanford Research Park as a partnership between Stanford University and the City of Palo Alto, providing a base of operations for both military and commercial technological innovations for companies such as Fairchild, Lockheed, and Xerox.Brattain invent the first working transistor at Bell Labs. 1940s: William Shockley, John Bardeen, and Walter H.1939: William Hewlett and David Packard patent an audio oscillator, forming the foundation for the Hewlett-Packard company.A Brief Timeline of Key Silicon Valley Developments Business leaders leading the move out of Silicon Valley cited reasons like the overall political climate in the region and looser COVID-19 restrictions in other parts of the country (compared to California).
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