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Britain's vote on whether or not to leave the European Union is not the only issue that matters, Jim Cramer told his Mad Money viewers Thursday. Out in Silicon Valley, for instance, the focus is not on Europe, it's on innovation and what the world will look like over the long term.

Cramer said Amazon.com (AMZN - Get Report)  is worshipped and feared because it continues to change the face of retail. There is a whole industry of companies that help other companies compete with Amazon's relentless innovation.

Then there's Facebook (FB - Get Report) , an Action Alerts PLUS holding, which has the business model that everyone craves. Facebook's content is provided by its users, for free, and advertisers can target precisely who they want. That's how a company like Twilio (TWLO - Get Report) and soar 91% on its IPO. Facebook's What's App is Twilio's largest customer.

Cramer noted that Microsoft (MSFT - Get Report) is still talked about in Silicon Valley, but only in reference to its bid for LinkedIn (LNKD) .

And then there's Action Alerts PLUS holding Twitter (TWTR - Get Report) , which is always abuzz with chatter as everyone ponders who might snap up the ailing platform given its insanely cheap share price.

All of these companies are not focused on "Brexit," Cramer concluded. They're focused on what comes next.

What's Up With Micron?

Did Micron Technologies (MU - Get Report) get its groove back, or is the stock just playing catch-up with its peers? Cramer said today 10% move in the stock is a result of two major turns in the semiconductor space.

The first turn is a long-awaited rise in DRAM prices. After a wave of consolidation, the over-supply is finally gone and the major players -- Texas Instruments (TXN - Get Report) , Nvidia (NVDA - Get Report) and Broadcom (AVGO - Get Report) , along with Micron -- are all the beneficiaries.

Then there's the consolidation in the flash memory market, which has helped to buoy prices and raise prices. Western Digital's (WDC - Get Report) acquisition of SanDisk, once panned by analysts, is now looking like a smart move.

Cramer said Western Digital, with its 4% yield, is an attractive play, as is Micron. He was also bullish on Action Alerts PLUS holding NXP Semiconductors (NXPI - Get Report) , which is a leader in chips needed for the burgeoning Internet of thing. He said the entire semiconductor group could see another 10% lift higher.

Executive Decision: Mark Fields

It's not just pure technology companies that are driving the innovation in Silicon Valley. Cramer sat down with Ford (F - Get Report) President and CEO Mark Fields at the company's Silicon Valley lab that employs over 130 researchers and engineers working to define the car of the future.

Fields said Ford is transitioning from being just an auto company to becoming an auto and mobility company, tapping into the $5.4 trillion taxi and ride-sharing market. He said the emerging opportunities in this space are huge.

The cars of the future will not just be about getting people from point A to point B, Fields said. It's about human progress and the societal impacts of reducing traffic congestion and accidents as well as the quality of life for millions of people. Ford is also working with cities on smart parking systems. Fields said that 30% of wasted fuel is consumed looking for parking in major cities and reducing that number is a top priority.

But Ford is also integrating new technologies into the cars of today. Fields said that Ford's Sync communication and entertainment platform is entering its third generation and Ford will grow from 15 million to 40 million Sync-enabled vehicles by the end of he decade.

More With Mark Fields

Continuing with his interview with Mark Fields, Ford's president and CEO, Fields said Ford is not in a race with rivals to make announcements and is instead focusing on what's right for their customers. He said Ford has anthropologists and sociologists on its team, looking at societal trend to determine what the world will look like 15 to 20 years from now.

When asked about those rivals, including Tesla Motors (TSLA - Get Report) , Fields said Ford is the leader today in plug-in hybrid cars and a full 40% of their nameplates will have electrified options in the future. Ford has always been known for progress, he noted, and that's a huge asset in the marketplace.

When asked for an update on sales, Fields said North America is hitting the benchmarks but the U.S. is lagging from the Takata airbag recall. In Europe, the industry continues a modest recovery, he said, while the market in China remains competitive with gross margins under pressure. Finally, Fields said that Latin America is very weak, but he's optimistic in the long term.

Lightning Round

In the Lightning Round, Cramer was bullish on SkyWest (SKYW - Get Report) , Dave and Busters (PLAY - Get Report) and Tootsie Roll (TR - Get Report) .

Off the Tape

In his "Off the Tape" segment, Cramer sat down with Baidu Bhatt and Vlad Tenev, co-CEOs of the privately held Robinhood, an online brokerage that allows investors to trade stocks for free.

The pair explained that with the new electronic trading infrastructure, the cost to execute a trade is essentially zero, which allows Robinhood to offer its services for free and simply make money from the interest on money in customers' accounts. They said that Robinhood is able to make money with today's low interest rates and will only be more profitable a rates rise.

A full 25% of Robinhood's one million users are first-time investors, in addition to buying a host of tech stocks, are also buying a wide variety of other traditional companies.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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At the time of publication, Cramer's Action Alerts PLUS had a position in FB, NXPI and TWTR.