Samsung is expanding its operations in Silicon Valley by investing more resources in its existing R&D centers and establishing new innovation centers.
Here are the highlights:
- Samsung Semiconductor will 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. Designed by global architecture firm NBBJ, the building will be comprised of a 10-story tower, an amenity pavilion and parking garage.
- 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.
In addition, Samsung is also 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, 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.
Finally, to accommodate this expansion, the company will 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.
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