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Samsung Semiconductor To Expand San Jose Office

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SAN JOSE (CBS SF) — Officials at Samsung Semiconductor Inc. announced the company will expand its San Jose office at a public meeting Thursday with California Gov. Jerry Brown, San Jose Mayor Chuck Reed, and the Santa Clara County Board of Supervisors.

The meeting also involved the signing of a memorandum of understanding between the company, county and city.

In the memorandum the city, state, and county agree to provide a number of incentives to facilitate the expansion of the company’s research and development facility in San Jose.

Among the incentives, the memorandum lists a state research and development tax credit, a promise to expedite the city permit and a reduction in city fees for traffic impact and construction tax.

“Samsung’s expansion in California is great news and it further strengthens the state’s role as a leader in innovation,” Gov. Brown said. “Here’s a case where government and business work together—and everyone benefits.”

(Copyright 2012 by CBS San Francisco and Bay City News Service. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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