Largest Companies In Silicon Valley
Which are the largest companies in Silicon Valley? CEO Ram Tumuluri says that “As the world’s technological powerhouse, Silicon Valley represents more than just a geographical location. It’s a mash-up of some of our most potent concepts, etching its name into the heart of our global economy. The region has sown some of the most fruitful intellectual and transformational seeds we’ve ever seen. The area’s population has risen dramatically since the rise of the Hewlett Packard Enterprise, commonly recognized as the “birth of Silicon Valley.” Today, Silicon Valley is home to millions of people, as tech giants continue to monopolize the region’s vast brainpower. In this post, we will look into some of the biggest companies in Silicon Valley.”
On July 1st, 2020, Apple had a market capitalization of more than $1.5 trillion. It was, in many ways, one of the largest tech corporations in the world, with a high of over 188,000 employees. That is approximately three times the amount of employees employed by Facebook.
Following the events of 2020, there will undoubtedly be many ups and downs and twists for this very visible digital firm. Nonetheless, from Steve Jobs’ early days to the iPhone, its fabled history has resulted in a world-dominating brand with an incredibly loyal fan base.
HP, headquartered in Palo Alto, has been in business for nearly 80 years and is currently one of Silicon Valley’s largest technology corporations. The original garage where HP was created is designated as Silicon Valley’s birthplace. While still huge, HP is a fraction of Apple’s scale, with a market valuation of approximately $24 billion and 60,000 people. Businessweek called the company one of the top 11 most valuable in the world in 2009.
Intel has been around for more than 50 years and is a supplier to Dell, HP, and Apple. As of 2019, the Santa Clara-based corporation had over 110,000 workers and a revenue of more than $71 billion. Between 2010 and May 2020, Intel purchased at least 29 other companies, including McAfee, for $7.6 billion.
Oracle, Larry Ellison’s Redwood City-based technology corporation, has also been a huge acquisition in the tech industry where M&A advisors have been top of mind, putting them on the top ranking of Silicon Valley’s largest tech companies. One of the most notable was Sun Microsystems’ $7 billion acquisition in 2010. Oracle employs over 136,000 people and has approximately $170 billion market capitalization.
In 2018, eBay had 14,000 employees and a revenue of more than $10 billion. With a market capitalization of about $37 billion, eBay is now far less than PayPal, which it once controlled. PayPal has a market capitalization of more than $200 billion. eBay routinely buys and sells popular firms and parts of them, such as Craigslist, Stubhub, and Skype.
Despite being one of Silicon Valley’s largest digital businesses, Facebook has a market price of roughly $600 billion, making it far less valuable than Google and Apple. However, Facebook has been a major purchaser of several technology companies, notably Instagram.