The modern history of the Silicon Valley arguably began in 1957, when eight young PhD graduates left Shockley Semiconductor Laboratories to launch the first high-volume chip manufacturer, Fairchild Semiconductor.Fairchild and its spinoffs, including Intel and Advanced Micro Devices (AMD), were the early participants in what became the most fervid ecosystem of fiercely competitive innovators the world has ever seen. Inspired by the mantra “better, faster, cheaper,” and fueled by billions in venture capital, the Silicon Valley is now the epicenter of the information age that has transformed ourlives.
With power, however, comes corruption. The Silicon Valley’s inspirational mantra has become challenged in recent years. High-tech products that used to sell because they were better are now sold because they are mandated by law. They sell not because they are faster, but because they are engineered to operate according to asocial or environmentalist agenda. And they are most definitely not cheaper, but instead cost far more than they should. And across the product spectrum from high-tech to low-tech, Silicon Valley leadership increasingly uses their… Read More