Manage updates with the Download AppSilicon Valley faces rough road to recovery
Silicon Valley has faced tough times before. But climbing out of its current downturn may prove more challenging than ever, says a new report.
Hit by the recession, overseas competition, and political gridlock in California, Silicon Valley--a region virtually synonymous with the high-tech industry--has lost its competitive edge and appeal, according to the "2010 Silicon Valley Index" (PDF) released Thursday by Joint Venture: Silicon Valley Network and the Silicon Valley Community Foundation. As a result, the region has been less able to attract and retain talented workers, leaving it at a standstill with recovery uncertain.
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