Telecom Lead India: Samsung is expanding R&D facilities and innovation centers in the U.S. with a 1.1 million square foot facility.
Samsung Semiconductor is planning 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 will include a 10-story tower, an amenity pavilion and parking garage.
Samsung Information Systems America 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 385,000 square foot. (each 192,500 sq. ft.) with two 5-6 story parking structures.
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.