Ericsson Expanding in Silicon Valley

Ericsson (NASDAQ:ERIC) will be constructing a new campus in Santa Clara, CA. The new campus is intended to consolidate Ericsson's Silicon Valley operations, bringing together approximately 2,000 Ericsson staff working on IP, TV and media.

Santa Clara Square, being developed by Irvine Co., will include more than 400,000 square feet of workspace for Ericsson in two buildings. The facility will also feature an Ericsson Experience Center for customers and partners. Construction is underway, and the facility is expected to be available for Phase One occupancy during Q3 2015.