They are looking for a formula that will help stimulate the kind of innovation that the Valley is famous for - as the region that invented or developed most the crucial elements in the computer revolution, from the desktop to the internet browser. But some analysts worry that the Valley has become the victim of its own success - too rich and complacent to stay the centre of economic dynamism. Loosened quotas wanted Silicon Valley is also running out of skilled workers, and has an increasing dependence on engineers from abroad, with India and Taiwan the main source of recruitment. With a new, pro-business Bush administration in the White House, business leaders in Silicon Valley are also looking to the government to help solve their problems. They are hoping for a further loosening of immigration quotas, for more tax breaks for research and development, and for a tougher line in US trade talks designed to open overseas markets.
Silicon Valley has a long history of re-inventing itself.
But it now faces an unprecedented set of challenges if it is to retain its economic dynamism.