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.

Not saying you're wrong, but isn't Qualcomm an American company?

you could say that, but certainly not an SV company.

I would even add that only a handful of companies out of SV did add real societal value and many of them with their dark engagement patterns are even detrimental.

There's dozens already listed - but just to name a few off the top of my head - ARM, TSMC, Spotify, Sony, Nintendo, DJI, TikTok (ByteDance), Atlassian, Skype (pre-MS), Canva, Nubank.

And that's also ignoring the dozens of Chinese companies that dwarf their US counterparts but don't really do much outside China (Ant/Alibaba/Jingdong/DiDi/etc).

"Only the US can produce world-leading tech companies" is the type of thing you say when you get all your news from TechCrunch and have never been outside the US.

Spotify came from Sweden. Not sure they’re a world leading tech company but they definitely fit the SV startup mould.