Samsung will be taking several steps towards strengthening its U.S. presence with two new facilities to be constructed in 2013. The Korean handset and chip manufacturer already has some notable presence in the Bay Area, and has big plans to expand that in the coming year. The first big move is a 1.1 million square foot building to be constructed in San Jose with its current display and semiconductor business, which will be used for SSI (Samsung Semiconductor, Inc.) R&D and sales teams.
The second step will be moving the current SISA (Samsung Information Systems America) R&D Center to two new 6 story business buildings (and a 6 story parking structure) located in North San Jose. These new buildings will total about 385,000 square feet on 8.5 acres of land. The buildings are set to be finished in 2013, with full occupancy in 2014.
That's some big investment from Samsung, and these changes will surely help bring some operating efficiency to a very large company that currently has divisions spread across multiple countries. You can find a press release with some of the specifics after the break.
Source: Samsung (BusinessWire)
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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