The Company That Literally Started Silicon Valley Is Now Moving Out Of Silicon Valley To Texas

 

CNN: The company that literally started Silicon Valley is moving to Texas 

New York (CNN Business)Hewlett-Packard traces its origins to 1938, when Bill Hewlett and Dave Packard rented a garage in Palo Alto, California. 

Now, HP Enterprises, a descendant of the pioneering company, is moving to Texas. 

The company announced its move Tuesday. 

Houston is currently Hewlett-Packard Enterprises' largest US employment hub, and the company is constructing a new campus in the city. HPE will also consolidate a number of its Bay Area sites to its San Jose campus. 

The move won't result in any layoffs. 

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Update #1: Hewlett Packard Enterprise is the latest tech company to leave Silicon Valley, and is moving to Houston (CNBC) 

Update #2: HP Enterprise is leaving Silicon Valley for Texas (Axios) 

WNU Editor: It is a symbolic move. But it is a sign that the environment in the Bay Area is changing.