'It's a colony': Why Texas won't take Silicon Valley's crown just yet

The San Francisco Bay Area remains the innovative center of the US tech industry. But challenges are on the horizon

It didn’t come as a huge surprise when Oracle Corp announced it was moving its headquarters from California to Texas last week. The world’s second largest software company, founded in Silicon Valley in the late 1970s, had already transitioned parts of its 135,000-member workforce to Austin over the last two years as executives sought to cut costs.

Related: Elon Musk says he has moved from California to Texas

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January 1, 2021