Silicon Alley Silicon Alley Silicon Alley, centered around the Flatiron district in Manhattan, is an area of high tech industries. The term was coined in the 1990s during the dot-com boom, as a reference to <nowiki>"Silicon Valley", the tech center in California. As the New York tech industries began a revival around 2003, the businesses spread outside of Manhattan making the term 'Silicon Alley'</nowiki> somewhat obsolete. , New York City hosted 300,000 employees in the tech sector. In 2015, New York generated over US$7.3 billion in venture capital investment. High technology startup companies and employment are growing in New York City 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