Silicon Valley, located in northern California, USA and in southern San Francisco Bay Area, is also known as Santa Clara Valley, California, USA, where high-tech businesses are gathered. The word Silicon Valley is named because of technology. It was the first place to research and produce silicon-based semiconductor chips, hence the name.
When talking about high-tech development, the United States will take the lead in taking the first place. When it comes to high-tech regions, enterprises and innovative high-tech products in the United States, Silicon Valley is a must-have option. For China, once upon a time, Silicon Valley was so mysterious and noble, and Silicon Valley people were so admirable around the world. No matter which country people say they are from Silicon Valley, they will always look at each other with strange eyes, and that vision is full of envy and admiration. As long as the Chinese return from Silicon Valley, their value will double, just like they are superior to others.

After the reform and opening up, there were many teams going to Silicon Valley to visit and study every year. They went there every year and studied every year, especially when they came back to introduce the study, the speaker was impressed and the listener was surprised and envious. Learning to learn from Silicon Valley for a long time has become the only and important benchmark for the global development of high technology.
Strangely, in recent years, the mystery of Silicon Valley in the minds of Chinese people has gradually faded, and the colors of scientists such as people returning to Silicon Valley or the United States coming from Silicon Valley are not as red as before. Is Silicon Valley, which is a bit arrogant in the world's technological world, about to decline?
Recently, several things have conveyed some information about the shaken status of Silicon Valley. One is that Jack Ma questioned the problem of the way scientists think about AI development in Silicon Valley, USA, in his speech at the 2017 Green Enterprise Zhengzhou Annual Conference. With one word, the author immediately felt that the mysterious outer cloak of Silicon Valley was no longer mysterious. It also reflects China's confidence in the development of science and technology.
Another thing is that there are reports that the Silicon Valley model has failed and is out of date. The reason is that the Internet, especially mobile Internet, big data, cloud computing, artificial intelligence, blockchain technology, , etc., are all monopolized in the hands of eight major companies around the world. These eight major companies almost divide and occupy all the global data. Silicon Valley must surrender to these eight major companies through personal technology entrepreneurship and venture capital support models. Either they were acquired by these eight companies or their talents were poached by the eight companies. Therefore, the Silicon Valley model has collapsed when the global new technology is monopolized by eight major companies. These eight major companies are: Apple , Google parent company, Facebook, Microsoft , Amazon, Alibaba , Tencent, and Baidu. From this, you can feel that Silicon Valley is on the decline.
Another thing is that Kai-Fu Lee led a Chinese delegation to inspect the situation that occurred in Silicon Valley recently. After observing the inspection team, the American media sighed: Silicon Valley's attraction is declining, and Chinese entrepreneurs no longer believe in Silicon Valley in the United States. There were a few moments quite interesting.
For most of the people in this team of 18 entrepreneurs and investors (especially those in their twenties and thirties), there was not much that impressed them on this trip. In the eyes of many people in this team, the low buildings in the north of California are dilapidated compared to the dazzling skyscrapers in Beijing and Shenzhen. There is a comparison here that I have to mention. Just in the early 2000s, when someone compared the Zhongguancun Science and Technology Park with Silicon Valley, Professor Wen Yuankai, who returned from the United States at the time, said: Zhongguancun and Silicon Valley are not comparable at all. Zhongguancun is just a few pawnshops, while Silicon Valley is a truly high-end science and technology park. After only a dozen years, it turned out to be the other way around. It's really ironic.

The members of the inspection team could not believe that when they were using their mobile phones to pay for almost all kinds of things in China, Americans were still using credit cards and cash. They did not see shared bicycles everywhere in Chinese cities in Silicon Valley, nor could they order takeout online at any time. Facial recognition is not allowed when entering the office building. Silicon Valley technicians are convinced.
Milner, an early investor of Facebook, told Chinese guests at the dinner: China is in the world's leading position in mobile payments, e-commerce and online services.Milner also invested in some large Chinese startups.
It can be confirmed that China is not only ahead of the United States but also ahead of the world in terms of mobile payment, e-commerce, online services, sharing economy, , Internet finance, technology finance, etc.
Therefore, it can be said that the impact on Silicon Valley and the crisis in Silicon Valley come from the counterattacks of Chinese technology in recent years. As China's Internet industry grows and grows, the competitiveness and confidence of Chinese companies have improved, but Silicon Valley's attractiveness is declining.

The United States has realized that the United States is lagging behind China in the era of the Internet, especially the mobile Internet. For this reason, the United States is catching up. I hope that China will remain at the forefront of the world in the research of artificial intelligence and blockchain technology!
Professor Yu Fenghui’s official account: yfh60716