Austin, Texas
But perhaps the more noteworthy development in Texas tech came when Elon Musk announced he was relocating his companies to the state. Tesla, for one, will find its major factory just outside Austin, a city which has already earned the nickname "Silicon Hills" in recent years. Oracle is also relocating to Austin from Redwood City, California, as a slew of venture capital firms and big CEOs (like Dropbox's Drew Houston) are following suit.
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