Samsung’s Silicon Valley headquarters is now open for business
The Korean phone maker Samsung is currently strengthening its finances by looking in-house for smartphone components as well as diversification of sources of income. Earlier this year, the company launched the Galaxy S6 and Note 5 flagship smartphones and these were powered by Samsung’s own Exynos chipsets. In addition, Samsung was also able to attract foreign investors like Meizu who hence penned an agreement to use Samsung’s Exynos processors on its phones. Samsung was also part of the developing and manufacturing of Apple A9 chipsets that were used in making of the iPhone 6s and iPhone 6s Plus.
To further bolster progress in the semiconductor field, Samsung has found a new home in Silicon Valley, California. The 1.1 million square feet office building was opened yesterday after it cost $300 million to construct. Sited 12 miles from Apple’s headquarters in Cupertino, the new facility can hold up to 2,000 workers and will serve as headquarters for Samsung US’ semiconductor business where R&D and sales operations will be carried out.
“We really want to leverage the [facility] as the foundation for our presence in Silicon Valley,” a Samsung executive said at the grand launching event of the building on Thursday.
Samsung is also working on an “advanced” manufacturing plant for its semiconductor business back home in South Korea. The $14.7 billion semiconductor plant will kickoff operations by 2017, the company said.
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