The building will house various research labs dedicated to semiconductors, LEDs and displays, staff in sales and marketing, and other support areas, the company said.
Meanwhile, the company’s president of its U.S.-based device solutions operations, Jaesoo Han, said that the move “represents a major milestone as we open our most strategically important Samsung facility in the U.S., and also our biggest investment in Silicon Valley.”
Samsung also said that it has established a $ 1 million STEM College Education Scholarship Fund. In its own words:
Deserving university students who are currently enrolled in STEM-focused programs at a California State or University of California school will benefit from this program, beginning with a $ 50,000 gift to San Jose State University this year. Each scholarship will cover tuition and living expenses for one year.
But the announcement of the new office has been largely overshadowed by news in virtual reality today: we reported that the Samsung Gear VR will launch as a consumer product this November for $ 99. (You can also read our roundup from that event here.)
Earlier this week, Samsung unveiled its new fonts-inspired Serif TVs, and shared more about how it relies on startups to stay ahead on technological innovation.
Powered by VBProfiles
- IBM to Extend Its Mainframe Based Cloud Capabilities to CSC Inc Clients - August 1, 2016
- GoDaddy Announces New Cloud Services for Small Businesses - March 22, 2016
- IBM Acquires UStream to Expand Its Cloud based Video Streaming Services - January 26, 2016