Are hate speech elements present in the provided text?

Text: Shockley 's attempts to commercialize a new transistor design in the 1950s and 1960s led to California 's `` Silicon Valley '' becoming a hotbed of electronics innovation .
Shockley 's attempts to commercialize a new transistor design in the 1950s and 1960s led to California 's `` Silicon Valley '' becoming a hotbed of electronics innovation .