People (well, American people (disclosure, I am an American)), used to be scared/worried that Silicon Valley will eventually move to Bangalore or Shenzhen, because of wage-discrepancies, and so on -- and it is not a totally unreasonable concern, considering that the _Silicon_ part of Silicon Valley has been slowly relocated to Taipei, Seoul, Tokyo, and a few others. At this point, maybe we should start pushing that the _rest_ of Silicon Valley gets relocated somewhere else, too.
It's a breeding ground for Edisons and Morgans, not Teslas. It is profoundly depressing that SV is doing everything it can (knowingly or unknowingly, not sure which is worse) to get the entire planet to stop taking it seriously and to shun it.
No country would want them.
If you have worked in Silicon Valley you know that Bangalore and Shenzhen came here ;)
In all seriousness, the silicon is still designed in Silicon Valley but maybe you don't hear about that as much? Broadcom, Qualcomm, Intel, Samsung, AMD, Nvidia, etc. all have a huge presence there still.
I meant the actual fabrication of silicon ;)
Just to emphasize my point, China is not being deprived of chip _designs_ (via export bans of ASML-made lithography equipment), but rather of the actual physical machines that rearrange the atoms.