Apple Buys Semiconductor Plant In North San Jose For $18.2M
In recent news, Apple has purchased a former semiconductor plant in North San Jose, which is a 70,000 square foot building at 3725 N. According to the Silicon Valley Business Journal, Apple paid $18.2 million for the building, which formerly served as a manufacturing building for Maxim Integrated Products.
It has been reported that many sources don’t know what Apple will do with the building, but a description of the real estate note suggests it could be a manufacturing building or a Research and Development plant. The Business Journal spoke with some analysts and believe that it will likely be used as a research space for prototyping due to its small size. In addition, Apple also noted that it is expanding into San Jose with office space and R&D facilities.
Thanks to MacRumors, the source posted up some really interesting news from Apple, as seen below…
“As we continue to grow, we’re planning to build R&D facilities and some additional office space in San Jose. The property isn’t far from the future home of our new campus and we’re looking forward to expanding our presence in the Bay Area.”
Looking back some, Apple has been buying large amounts of land around the Bay Area, mainly in North San Jose. Apple purchased a 296,000 square foot R&D building in May, they also leased a 43-acre development site in August, and the company leased a 202,000 square-foot office building in October.
Lastly, it is speculated by both sources that Apple will turn it into a 4.15 million square foot campus, due to talks Apple had with San Jose City officials.
Source info: Silicon Valley Business Journal
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