Samsung smartphone sales have been on the decline but there is one area on the report card that is more than encouraging for Samsung, The semiconductor business. The Korean tech giant has grown into the world’s largest supplier for the memory chips and a second largest player in the processor business after intel and its customer includes the likes of apple and NVidia.
Even though the office is new, Samsung has been in the Silicon Valley doing business since 1983. Its operation has been scattered all over the place. Now it wants to relocate the entire operation into the new office and increasing the operation in the area.
To make its business grow leaps and bounds, Samsung has opened a new 1.1 million sq. ft. office in the neighbourhood of san Jose, California. The 300-million-dollar campus is just 12 miles from the apple headquarter and will be the centre for its research and development of the semiconductor, LED and displays. It will also be the headquarter for sales in the united states.
“We really want to leverage the as the foundation for our presence in Silicon Valley,” Jim Elliott, corporate vice president of memory marketing at Samsung, said Thursday during the company’s opening ceremony.
“The design seeks to encourage interaction among staff, foster connections with the community and provide a space to attract employees in the highly competitive tech market, we are laying the groundwork for a more aggressive pace of growth over the next several decades,” said Samsung’s chief executive, Dr. Oh-Hyun Kwon, at the grand opening ceremony.
as of now the campus employees about 700 personal and hopes to increase the number to 2000 by pooling in the local talent. for this purpose, Samsung has announced a scholarship of 1 million for the stem collage program which will award $50,000 to deserving individuals to cover the tuition fee and living expenses for the period of their study.
looks like Silicon Valley is next in the conquer list for Samsung