Ever since the explosion of the consumer electronics industry, Silicon Valley, California has been known as the hub of growth and innovation. Many companies have found their start in that area of the country, and have gone on to become some of the most important and powerful companies in the tech sector.
Samsung (News - Alert) Electronics, fresh off several different defeats by main competitor, Apple, is moving in a new direction with the opening of a new research and development center in the heart of the valley.
The new research and development center will span across an 8.5-acre campus located in Mountain View and provide state-of-the-art facilities aimed at spearheading rapid growth in Samsung’s patented technology.
Despite a few setbacks in the courtroom, Samsung is a healthy company, taking in more than $143.1 billion in 2011 while employing a force of more than 206,000 people.
“Our new R&D Center will provide an outstanding environment to support our plans for strategic growth and attracting the very best employees,” said Jay Chang, president of Samsung Information Systems America (SISA.) “Our company will benefit from the dynamic location, the culture and the diversity of talent here in the region.”
Samsung expects construction of the new campus to begin in the second half of 2013 and to include two six-story buildings totaling about 385,000 square feet as well as two 5- or 6-story parking garages.
The company also expects to start moving employees into the campus by the end of 2014.
This expansion is certainly not the first foray into the valley for Samsung. The company has actually established a 20-year history that includes a recent expansion of its operations in the San Jose area. The company also continues to expand in other parts of the United States and North America.
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Edited by Braden Becker