San Jose, California University, San Francisco State University, California State University, East Bay, Santa Clara University, and Stanford University pump thousands of engineering and computer science graduates into the local economy every year. San Jose residents produce more U.S. patents than any other city. On October 15, 2015, the United States Patent and Trademark Office opened a satellite office in San Jose to serve Silicon Valley and the Western United States. Thirty-five percent of all venture capital funds in the U.S. are invested in San Jose and Silicon Valley companies. By April 2018, Google was in the process of planning the "biggest tech
San Jose, California estimated that up to 16,000 employees will be located. Apple paid $138.2 million in cash for the site. The seller, Connecticut-based Five Mile Capital Partners, paid $40 million for the site in 2010. Real estate experts expect that other tech companies currently located in Silicon Valley will also follow in Apple's path by purchasing land or property in San Jose. The large concentration of high-technology engineering, computer, and microprocessor companies around San Jose has led the area to be known as Silicon Valley. Area schools such as the University of California, Berkeley, University of California, Santa Cruz, San Jose State