With an aim to further expand its operations in Silicon Valley, South Korean giant Samsung Electronics has announced plans to invest more resources in its existing R&D centres and establishing new innovation centres.
Samsung Semiconductor, Inc. (SSI) is mulling over building 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. When finished, the 10-story San Jose structure will boast a layout that seeks to “encourage interaction among staff” and “foster connections with the community,” and also a parking garage and an “amenity pavilion”, the company said in a statement.
Also, Samsung Information Systems America Inc. (SISA) will relocate its R&D centre 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, Silicon Valley was recently established to 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.
The company is also planning to establish corresponding organisations at R&D centres and the Samsung Advanced Institute of Technology at its Korean headquarters to strengthen its global cooperative network.
