Samsung announces planned facilities expansion in San Jose area
Samsung has just announced its plans to put up some new buildings out in the San Jose area as part of a planned facilities expansion for 2013. This includes constructing a new 1.1 million square foot headquarters for Samsung Semiconductor sales and R&D, as well as moving the R&D center of Samsung Information Systems America (SISA) to a new 385,000 square foot location.
The new Samsung Semiconductor sales and R&D headquarters will be built on the site of Samsung’s current semiconductor and display panel businesses, which are located north of downtown San Jose. The official press release says that it will be comprised of a 10-story tower, a curious amenity pavilion, and a parking garage. Meanwhile, the SISA R&R center’s new location features two new 6-story class-A office buildings and two 5-6 story parking structures.
Samsung aims to further enhance its “soft” capabilities through this new undertaking and also establish new innovation centers. Speaking of which, the company has also announced work on expanding its Open Innovation efforts to make way for better interactions with new technologies and early stage companies. Check out the details in the official press release below.
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.