Manhattan evolved into a metonym for the sphere encompassing the New York City metropolitan region's high tech industries, including the Internet, new media, telecommunications, digital media, software development, biotechnology, game design, financial technology ("fintech"), and other fields within information technology that are supported by the area's entrepreneurship ecosystem and venture capital investments. , New York City hosted 300,000 employees in the tech sector. In 2015, Silicon Alley generated over US$7.3 billion in venture capital investment, most based in Manhattan, as well as in Brooklyn, Queens, and elsewhere in the region. High technology startup companies and employment are growing in Manhattan and
Silicon Wadi 2010, more than 35,000 personnel were employed in multinationals research and development centers across Israel. In recent years, East Asian multinationals and investors, especially from Mainland China, have actively invested and opened up offices in Israel, including Chinese technology giants such as Alibaba, Baidu, Tencent and Kuang-Chi. Around 60 foreign R&D centers are engaged in a diverse range of activities including biotechnology, chemicals, industrial machinery, communication equipment, scientific instruments, medical devices, flash memory storage equipment, computer hardware components, software, semiconductors and internet. Silicon Wadi Silicon Wadi (, lit: "Silicon Valley") is an area with a high concentration of high-technology companies