Dear student,
In 1971, Silicon Valley was coined by Don Hoefler. This name is derived because most of the devices built there are made of semiconductors such as silicon. Silicon Valley, the hub of the IT industry in California is located close to major roads, highways, and airports to ensure easy access. It is in proximity to some of the best and advanced technological and scientific centers of the World. The valley provides for easy availability of skilled manpower resources. The area has a lot of potential for future development and expansion in terms of space. Thus over the past 15 years, Silicon Valley has created some of the world's most successful Information technology companies and best-paid workers and has grown as a major IT hub.
Regards