(CNN/CBSDFW) — Silicon Valley has been the epicenter of the tech industry for decades, starting in 1938 when Bill Hewlett and David Packard started tinkering in a Palo Alto garage. But that may be changing. Perhaps the most striking evidence of that: A descendant of the company they founded, Hewlett Packard Enterprise, will move its headquarters to Texas. On Friday, another longtime Silicon Valley stalwart, Oracle, announced plans to join them, saying it will relocate its headquarters to Austin.RELATED: Pregnant Woman In Her 20s Among 30 New COVID-19 Deaths Reported In Dallas County A string of high profile tech investors and executives are leaving San Francisco, too: Last week, Elon Musk said he has moved to Texas after selling his Bel Air homes earlier this year. He also mentioned the fact that there’s no state income tax as a selling point for his move to the Lone Star state. Musk’s 18% stake in Tesla is worth billions. Such moves are to be expected during the pandemic, when people are working from home anyway. Several tech firms have said they’ll give employees the option to permanently work from home even after the pandemic ends. But the relocation of corporate headquarters, company founders and big-name VC investors points to a corporate diaspora of the tech industry — and what some have called a “tech exodus” from the Bay Area. Some who have already left San Francisco complained of mismanagement of the city and state. Though it’s not clear what exactly they’re referring to, California has implemented COVID-19 related restrictions that some in tech — particularly Musk — were critical of (though others in the industry took the opposite tack). Florida and Texas, by comparison, have applied somewhat less stringent restrictions. Silicon Valley also has notoriously high real estate prices. And California has a high personal income tax rate, while Florida and Texas have none. Where are they going? As ...
