Samsung Expands San Jose Campus With New Office Purchase

The semiconductor giant acquired a North First Street property for $29.5 million to continue its regional expansion.

Updated on Oct. 16, 2026 in Commercial

Isometric editorial illustration of a modern tech office campus with connected buildings and courtyards, representing corporate expansion in San Jose. — Samsung Semiconductor has purchased an office building on North First Street in San Jose for $29.5 million to expand its regional footprint. AI Illustration. Upload story photo >

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Samsung Semiconductor has purchased an office building at 3775 North First Street in San Jose for $29.5 million in cash. This deal follows the company's acquisition of an adjacent site earlier in 2025.

Why it matters

The combined acquisitions give the company nearly 10 acres of land, potentially providing enough space to accommodate up to 700 additional workers. The site is considered well-suited for future significant redevelopment by the firm.

The 68,000-square-foot facility sits on 4.6 acres, representing a roughly 60% increase in value for the site since 2018. Combined with a previous 70,700-square-foot purchase, Samsung now controls 138,700 square feet across 9.8 acres.

The players

Samsung Semiconductor

This global company is a major producer of memory chips and integrated circuits with a significant operational presence in San Jose.

SVP Management

This real estate entity previously held ownership of the North First Street office property before selling it to Samsung.

Apple

The technology giant sold an office building to Samsung at 3725 North First Street earlier in 2025.

The details

Samsung acquired the 3775 North First Street building from SVP Management through an all-cash transaction recorded in a public filing. This follows the company's February 2025 purchase of 3725 North First Street from Apple for $27 million, further solidifying its footprint in North San Jose.

SVP Management purchased 3775 North First Street in 2018.
Samsung purchased 3725 North First Street in February 2025.
A public filing confirmed the purchase of 3775 North First on October 15, 2026.

Culture Shift

This acquisition mirrors the broader trend of major tech companies consolidating large commercial real estate footprints to create cohesive regional campuses. It highlights the continued prioritization of physical presence in Silicon Valley to support high-density technical workforces.

Local residents and businesses may see increased construction activity as the company explores plans to redevelop the nearly 10 acres of land it now controls. The expansion could lead to a higher concentration of tech employees in the North San Jose area over the coming years.

The takeaway

Large-scale land acquisitions like this indicate that tech firms are continuing to invest in their physical presence for future growth. Investors and local stakeholders should monitor these sites for signs of major infrastructure or office development.