Samsung Continues Its California Multi-Phase Expansion Plans
The Korean-based company will build a 1.1 million square foot sales and research and development complex, including a 10-story tower, pavilion and parking garage on the campus of its semiconductor and display panel businesses, north of downtown San Jose, California.
In addition, Samsung Information Systems America Inc will relocate its Research and Development Center from its current facility in North San Jose to an 8.5-acre campus at Cypress Business Park in Mountain View California. The new facility will include two 6-story office buildings, totaling approximately 385,000 square feet, and two 5 to 6 story parking garages.
“Samsung’s expansion in California is great news and it further strengthens the state’s role as a world leader in innovation,” said Governor Jerry Brown, earlier this year. “Here’s a case where government and business work together and everyone benefits.” State and local officials provided the firm with a package of tax incentives.
“Samsung is excited about the prospect of expanding our facilities in the State of California.” said Jong Joong Kim, President of Device Solutions Management Office, Samsung Electronics, when the expansion was first announced in stages.
Samsung Strategy and Innovation Center, located in Menlo Park, California, 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, California, will serve as 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, the company said.
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