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Asian-Americans drive Silicon Valley innovation

PALO ALTO, U.S. -- For millions of people around the globe, daily life is now dominated by the U.S. tech sector. Facebook is a primary communication tool for many, while iPhones or smartphones running Google's Android operating system are the go-to handsets in many parts of the world. The virtual reality buzz created by Oculus, meanwhile, is making waves as far away as China.

Gavin Teo, partner at B Capital Group

Silicon Valley, the heart of the U.S. tech industry, owes much of its impressive global reach to the Asians and Asian-Americans. Asians are already the largest ethnic group in the Valley, and are expected to make up 43.5% of the population in the region in 2040. With Asia's own tech sector on the rise, having an Asian background can open up vast opportunities for U.S. businesses.

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