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On Wednesday, Gov. Gavin Newsom (D-Calif.) praised Apple Inc. on its 50th anniversary<\/a>, highlighting the company’s innovation and resilience as other major corporations continue to leave the state.<\/p>\n Apple’s Half-Century Milestone<\/p>\n On April 1, 2026, Apple celebrated 50 years since Steve Jobs and Steve Wozniak launched the company from a California garage in 1976.<\/p>\n “For 50 years, @Apple has embodied and exemplified the best of California: \u2018thinking different,’ boldly innovating, and empowering people to not only dream, but do,” Newsom said on X.<\/p>\n Don’t Miss:<\/p>\n He added, “Thanks to innovators like Apple, California is proud to be the global leader in technology and creativity.”<\/p>\n For 50 years, @Apple<\/a> has embodied and exemplified the best of California: \u2018thinking different,’ boldly innovating, and empowering people to not only dream, but do.<\/p>\n Thanks to innovators like Apple, California is proud to be the global leader in technology and creativity. https:\/\/t.co\/6Im8623aiq<\/a><\/p>\n \u2014 Governor Gavin Newsom (@CAgovernor) April 1, 2026<\/a><\/p>\n The Corporate Exodus From California<\/p>\n While Apple remains, numerous high-profile companies have relocated over the years due to high operating costs, strict regulations and business limitations.<\/p>\n Tesla Inc. moved to Austin in 2021, with CEO Elon Musk citing scaling challenges and disputes over pandemic restrictions.<\/p>\n Chevron Corp., with roots in California since the 1870s, relocated to Houston in 2024, pointing to policies that raise costs and create hardship for Californians.<\/p>\n McKesson left for Texas in 2019 to improve efficiency and collaboration.<\/p>\n Trending:\u00a0This Startup Thinks It Can Reinvent the Wheel \u2014 Literally<\/a><\/p>\n Other notable departures include Oracle Corp, Palantir Technologies, Charles Schwab, SpaceX and Playboy, many seeking more business-friendly environments in Texas, Florida, Tennessee, and beyond.<\/p>\n The departures highlight a growing tension between the state’s innovation legacy and its business climate.<\/p>\n Sergey Brin, Peter Thiel And Others Scale Back In California<\/p>\n Several high-profile tech figures are scaling back their connections to California. Alphabet Inc.’s co-founder Sergey Brin also reportedly following in the footsteps of Larry Page and other billionaires.<\/p>\n Meanwhile, David Sacks, who served as the White House AI and crypto czar under President Donald Trump and Palantir co-founder Peter Thiel have also established new offices outside the state.<\/p>\n Read Next:\u00a0<\/p>\n Photo courtesy: Andrey-Bayda via Shutterstock<\/p>\n “ACTIVE INVESTORS’ SECRET WEAPON” Supercharge Your Stock Market Game with the #1 “news & everything else” trading tool: Benzinga Pro – Click here to start Your 14-Day Trial Now!<\/a><\/p>\n Get the latest stock analysis from Benzinga:<\/p>\n This article Gavin Newsom Hails Apple’s ’50 Years Of Innovation’ As Tesla, Chevron, McKesson Leave California<\/a> originally appeared on Benzinga.com<\/a><\/p>\n \u00a9 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n