I’ll bite: Leadership in chip manufacturing is firmly in TSMC’s hands. Chip design is dominated by ARM and Qualcomm. Display tech by Samsung and LG.

Today, if you have an idea for a new gadget and you need fast prototyping, you’re far better off setting up shop in Shenzen than San Jose.

I’ll give you one thing: When it comes to software, by far SV has still the most influence. But when you include the whole tech space I think one should differentiate.