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Silicon Valley pioneer HP to move headquarters to Texas

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Texas Governor Greg Abbott’s workplace introduced that the relocation will improve the corporate’s presence within the space, which is already dwelling to greater than 2,600 staff. The firm additionally has places in Austin and Plano.

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Tech large Hewlett Packard Enterprise mentioned it’s shifting its world headquarters to the Houston space from California, the place the corporate’s roots return to the founding of Silicon Valley a long time in the past.

Texas Gov. Greg Abbott’s workplace introduced that the relocation will improve the corporate’s presence within the space, which is already dwelling to greater than 2,600 staff. The firm additionally has places in Austin and Plano.

“As we look to the future, our business needs, opportunities for cost savings, and team members’ preferences about the future of work, we are excited to relocate HPE’s headquarters to the Houston region,” CEO Antonio Neri said in a written statement Tuesday.

Adam Bauer, a company spokesperson, said that employee relocation is voluntary.

Also read | HP unveils its Virtual Reality headset

The Fortune 500 company said there are “no layoffs associated with this move” in a quarterly earnings report news release. It also said that San Jose, its current home, will be a “strategic hub for HPE innovation” where the company will consolidate several hundred jobs from other sites around the San Francisco Bay Area.

The split left one new company, HPE, concentrated on the business of selling data center hardware and business software, while another new company, HP Inc., kept the legacy PC and printer operations. HP Inc. is still headquartered in Palo Alto, California, and remains the bigger of the two companies in terms of revenue.

But a piece of the original HP brand moving out of Northern California is a loss, at least symbolically, for the tech industry that electronics pioneers William Hewlett and David Packard helped start in a Palo Alto garage in 1939. A plaque outside the home where they worked on their first product, an audio oscillator, calls it the birthplace of Silicon Valley, the “world’s first high-technology region.”

Also read | HP Chromebook x360 launched in India

Neri told the San Jose Mercury News that the new tech hub in San Jose will be an important site “where we showcase all of our technology.”

“We are extremely dedicated to Silicon Valley,” he mentioned.

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