Amid waves of layoffs and downsizing in the tech industry, one firm said it plans to expand its presence in Silicon Valley.
Michael Agnel, owner of Jaks in Santa Clara, welcomed the news that his restaurant about to get some new neighbors: potentially 700 to 1,000 Texas Instruments workers who would be moving into buildings nearby.
"We are just out of the pandemic, it's still the third year and most of the companies are still working on a remote basis, so having this one will be really interesting," he said.reportedly leased more than 200,000 square feet of office spaceThe deal would be a big addition to the Dallas-based semiconductor company's already significant footprint in Silicon Valley.
"The abundance of venture capital, it's the highly educated population and workforce, it's the colleges and universities, including some world-class research institutions," Hancock said.
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