Just one year ago, Indian e-coupon aggregator LafaLafa.com was barely a blip in the mind of, well, anyone. It’s been quite the year though – testament to the booming tech environment in India, they’re one of the privileged few to be on their way to be accelerated by one of Silicon Valley’s hottest startup incubators.
Samsung officially opened the doors to its new 1.1-million-square-foot Silicon Valley offices Thursday, more than 30 years after its arrival in the San Jose tech corridor in 1983.
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.
“[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.
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 announced 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 read our full roundup from today’s Oculus 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.
If you happen to be passing through the area, Samsung’s new building certainly looks worth checking out.
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SAN FRANCISCO — IBM’s Watson supercomputer is coming to San Francisco to do more business with Silicon Valley startups.
The company will be opening a new cognitive computing hub for Watson, called Watson West, next year in San Francisco. IBM’s Senior Vice President Mike Rhodin announced the news during an event in San Francisco Thursday
The goal of the center is to make it easier for local developers, startups and venture capitalists to tap into Watson’s cognitive computing abilities
As IBM continues to expand its Watson business, opening up an official Bay Area presence represents a big opportunity for the company. Rhodin noted that there are already many startups whose products rely on Watson’s technology.One fantasy sports startup, called Edge Up Sports, for instance, uses Watson APIs to help users make decisions for their fantasy teams Read more…