Silicon Valley Pulse: Solar Panel Manufacturer Solyndra Files Bankruptcy; 1,100 Lose Jobs

Silicon Valley

Silicon ValleySolyndra Files Bankruptcy: The future of clean technology in America is in doubt after solar panel manufacturer Solyndra filed bankruptcy and said it will lay off 1,100 workers. The news represents a high-profile failure for a company that in 2009 received a $535 million federal loan guarantee. The cost of solar panels dropped by more than two-thirds in the past five years, mostly because of low costs and heavy subsidies in China. SFGate.com

Zynga May Delay IPO: Zynga is considering delaying its IPO because of continuing poor market conditions and remaining questions from the U.S. Securities and Exchange Commission. The company is still moving ahead with its IPO plans but is “no longer in a rush because of the rocky stock markets.” Reuters

Wal-Mart Launches Startup: Wal-Mart jumped into the Silicon Valley startup scene with @WalmartLabs, which is working to develop a set of data mining tools that analyze what consumers are talking about on social media platforms. San Jose Mercury News

Silicon Valley Invests in Chinese Startup Fund: Innovation Works, a company that funds Chinese startups, raised a new $180 million fund from Silicon Valley tech investors. The company has invested in about 34 Chinese companies since its September 2009 launch. SiliconValley.com

Who Will be the Next Steve Jobs?: In Silicon Valley, there are a handful of candidates to be the next Steve Jobs — a visionary cut from the same mold. Possible candidates include Mark Zuckerberg and Larry Page. With the right amount of risk-taking, strong values and team building, they can lead their companies like Jobs led Apple. SiliconValley.com

Silicon Valley Construction Business Booming: While parts of the Bay Area lost as much as four percent of its industry jobs from last year, the Silicon Valley construction business added 2,300 jobs, an increase of 7 percent from last year. San Francisco Business Times

Polycom Gets New Headquarters: Polycom will move to new six-story, 213,000-square-foot headquarters in San Jose, which will hold between 600 and 700 employees. “It’s all about growth,” said Polycom’s Vice President of Worldwide Facilities and Corporate Real Estate Robert Teed. “We’re a hot business in a hot industry.” San Jose Business Journal

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