Silicon Valley Exodus: These Tech Companies Are Relocating Away From The Tech Capital Of The World
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American software giant Oracle Corporation recently announced that the company is moving its corporate headquarters to Texas, the US from Redwood City which is in the Silicon Valley region of California. The business software maker has now joined the ranks of other tech giants that recently announced its departure from the region due to its higher operational costs and hefty taxes. Silicon Valley, which is located, in the Northern part of California in the US has been home to many tech companies such as Google, Apple, Adobe, and Netlfix for decades. Regarded as the global centre of technological innovation, it also one of the most expensive cities in the world in terms of house rents that harbours several billionaire entrepreneurs.