SAN JOSE, Calif.--(BUSINESS WIRE)--Samsung Research America (SRA), a subsidiary of Samsung Electronics Co., Ltd., today announced the groundbreaking for its new 8.5 acre campus in Mountain View. A groundbreaking ceremony will take place at 10:30 a.m. on October 16 at 665 Clyde Avenue.
With $187.8 billion in sales and 270,000 employees across 79 countries, Samsung Electronics is a global leader in technology that has been a presence in Silicon Valley for more than three decades. The R&D center will provide a state-of-the-art campus that can support the current rapid growth in the organization, and also provide the infrastructure to support Samsung’s open innovation and university collaboration activities.
“Our new state-of-the-art R&D center will provide an outstanding environment to support our plans for strategic growth and attracting the very best employees,” said Daniel Eum, president of SRA. “This expansion, in addition to Samsung Semiconductor Inc.’s new San Jose campus, builds upon Samsung’s 35-year history in the Bay Area and reinforces our commitment to the valley.”
The campus will include two new six-story class-A office buildings totaling approximately 385,000 sq. ft. and two parking structures – one five-story, the other six-story. Expected occupancy is December 2014 in the buildings being designed in accordance with LEED Gold and LEED Platinum certification standards.
This expansion builds upon Samsung’s long-term presence in the Bay Area. In July, state, city and community leaders joined Samsung Semiconductor Inc. in a groundbreaking ceremony for the 1.1 million square foot facility expansion of its San Jose operations. Beyond Silicon Valley, Samsung is continuing to expand its facilities across the United States, with increased investments and significant new employment opportunities.
About Samsung Research America
Founded in October 1988, Samsung Research America (SRA) is headquartered in Silicon Valley, with offices across the U.S. SRA is engaged in researching emerging technology to create new businesses, and developing core technology to enhance the competitiveness of Samsung products. The primary research areas of SRA include advanced software, interactive services, user experience and emerging technologies in convergence.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in technology, opening new possibilities for people everywhere. Through relentless innovation and discovery, we are transforming the worlds of televisions, smartphones, personal computers, printers, cameras, home appliances, LTE systems, medical devices, semiconductor and LED solutions. We employ 270,000 people across 79 countries with annual sales of $187.8 billion. To discover more, please visit www.samsung.com.
