Samsung Electronics says it will be investing more resources in its existing R&D centers and establishing new innovation centers in Silicon Valley.
Samsung Semiconductor 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.
There is more. 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 approximately 385,000 square foot 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. Occupancy is expected starting 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, 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 be core to discovering 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.