Study: Silicon Valley Could Lose Up to $35 Billion a Year From NSA Surveillance of Internet Data

Moving off-shore

California's Silicon Valley could lose up to $35bn in revenue as companies and citizens use computer services in other nations to avoid snooping by US intelligence agencies, a study has suggested.

In a report for the Washington DC-based Information Technology & Innovation Foundation think tank, senior analyst Daniel Castro said America's "entire tech industry" had been implicated—and was now facing a global backlash.