Nowadays, the Silicon Valley is a synonym for tech giants in the United States of America. But the area was not always popular. Some 80 or 90 years ago, the land was extremely cheap. There are two important periods in the evolution of the Silicon Valley.
The first one is the era in the 1930s and 1940s. During that period, Frederick Terman, the legendary dean of Stanford engineering school created the tradition of Stanford faculty starting their own companies. That is how Hewlett Packard, the first significant Silicon Valley company was founded in 1939.
The second era is the period in the late 1950s. Specifically, 1957. That year, eight of the country’s most talented young scientists and engineers assembled for a secret meeting. They worked together secretly for 14 months.
Together, they formed their own firm under the leadership of Robert Noyce. The brilliant scientific mind, nicknamed the Mayor of Silicon Valley co-founded Fairchild Semiconductor in 1957 and Intel Corporation in 1968. He is the co-inventor of integrated circuit and holds numerous patents.