A giant of the tech world is dropping anchor in the heart of Silicon Valley. Samsung is expanding its American operations and building a new headquarters in San Jose.
The new Samsung campus will house a 10-story building.
The U.S. headquarters will serve as a research and development center for the South Korean company.
The tech giant already has a small presence in Silicon Valley, but only employs a couple hundred people. Thousands are expected to work at the new campus.
Samsung executives say opening up its U.S. headquarters in the capital of Silicon Valley was a no-brainer
“If you look at why we selected Silicon Valley, think about the innovation that’s here,” said Samsung’s Scott Birnhaum. “Look at the venture capital that’s here, the innovation that comes out of this city already. Samsung’s been here for 30 years, and this is showing our commitment to innovation and to job growth in the Bay Area.”
The 10-story building is expected to be completed by 2015. It will cost Samsung about $300 million.