Samsung looking to expand with two new facilities in California
Samsung isn’t looking to adhere to any stops this next year. The mobile giant is planning to open two new U.S. facilities, both in California, in 2013. One facility is planned to e a massive 1.1 million square foot building in San Jose, and will house their display and semiconductor end of business, and will be used for SSI’s R&D and sales teams.
After that, the Samsung Information Systems America R&D center will also be moved to San Jose in two new 6-story facilities, totaling about 385,000 square feet on almost 9 acres of land.Samsung expects the facilities to be finished in 2013, and have full occupancy in 2014.
Be sure to hit the break for the full press release.
Samsung Continues to Expand Operations in the Bay Area
Adding to its effort to build state-of-the-art, energy-efficient campuses, the company is expanding into innovation centers to enhance its ‘soft’ capabilities
SAN JOSE, Calif.–(BUSINESS WIRE)–Samsung Electronics Co., Ltd, a global leader in digital media, digital convergence technologies and advanced semiconductor solutions, continues to expand its operations in Silicon Valley by investing more resources in its existing R&D centers and establishing new innovation centers.
Samsung Semiconductor, Inc. (SSI) announced plans to build a 1.1 million square foot sales and R&D headquarters on the current site of its semiconductor and display panel businesses, north of downtown San Jose. The building, designed by global architecture firm NBBJ, will be comprised of a 10-story tower, an amenity pavilion and parking garage. The design seeks to encourage interaction among staff, foster connections with the community and provide a space to attract employment in the highly competitive tech market, which is growing at a faster pace than overall employment.
Samsung Information Systems America Inc. (SISA), will relocate its R&D Center from its current facility in North San Jose to an 8.5-acre site and expand to two new 6-story class-A office buildings totaling approximately 385,000 square foot. (each 192,500 sq. ft.) with two 5-6 story parking structures. The new facility will be oriented around a central plaza with views overlooking the adjacent Sunnyvale golf course and will be constructed to LEED Gold standards. The 15-year build-to-suit lease will be located at Cypress Business Park, 625-685 Clyde Avenue in Mountain View, California. Entitlements are in process and anticipated for completion in second quarter of 2013, with targeted occupancy in fourth quarter of 2014.
In addition to these two major planned campuses, Samsung Electronics is expanding its Open Innovation efforts with additional space that will allow for incubating and acquiring new technologies and working with early stage companies.
Samsung Strategy & Innovation Center, located in Menlo Park, a core area in Silicon Valley, was recently established to strengthen Samsung’s ecosystem and promote synergy between the company’s various products and services. Samsung Open Innovation Center, located in Palo Alto, will be a core entity to discover innovative startups in Silicon Valley, provide space, funds and effectively leverage them for innovation of Samsung’s products through equity investments, acquisition and strategic partnership.
Following the establishment of both the Samsung Strategy & Innovation Center and the Open Innovation Center in Silicon Valley, Samsung Electronics plans to set up corresponding organizations at R&D Centers and the Samsung Advanced Institute of Technology at its Korean headquarters to strengthen its global cooperative network.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in consumer electronics and components. Through relentless innovation and discovery, we are transforming the worlds of televisions, smartphones, personal computers, printers, cameras, home appliances, medical devices, semiconductors and LED solutions. We employ 227,000 people across 75 countries with annual sales exceeding US$143 billion. Our goal is opening new possibilities for people everywhere. To discover more, please visit www.samsung.com.
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