Forget Silicon Valley, Gen Z women see India and China as the next tech hubs via CNBCMakeIt
Silicon Valley has long held the crown as the global epicenter of all things tech. But that status could be starting to shift as more young workers — and women in particular — are betting on fast-growing IT hubs in Asia.
To be sure, based on responses from millennials and Gen Z across all regions, Silicon Valley remained the number one choice as the global tech center through to 2024. However, the study points to a longer-term shift in the global tech industry as high expenses cause the Valley to lose its charm. That has spurred the emergence of new American tech hubs, including in cities such as Austin, Boston and Seattle, Chung noted. Elsewhere, countries like China and India have been working hard to innovate attract more investment.
That will stand the two countries in good stead going forward, as businesses look to harness an emerging generation of top tech talent. This year marks the first year that the oldest members of Gen Z will enter the workforce, the majority of whom will be based in Asia.
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