SAN JOSE, Calif.
Sept. 24, 2013
Super Micro Computer, Inc.
(NASDAQ: SMCI), a global leader in high-performance, high-efficiency server, storage technology and green computing, announces that it has signed an agreement with San Jose Mercury News to acquire its
campus located in the heart of Silicon Valley,
. The 36-acre campus is currently home to the San Jose Mercury News and Bay Area News Group and includes 324,000 square feet of prime building space. The property is located within a mile of Supermicro's existing headquarters and will serve as an extension to Supermicro's US R&D and operations for worldwide growth.
"This new addition to our campus provides us space for immediate R&D and operations expansion to meet strong needs for high energy efficient server and storage solutions," said
, President and CEO of Supermicro. "We are increasing operational efficiency, engineering resources and integration capacity to further accelerate development of industry leading green computing solutions while giving back to our local economy with continued job growth. At Supermicro, this is an exciting milestone in our 20 year history and we look forward to delivering next generation, energy efficient computing solutions from the heart of Silicon Valley."
"Supermicro's announcement that it will acquire the San Jose Mercury News site is a strong indicator of Silicon Valley's position as the world's center of innovation," said
. "I thank Supermicro for choosing to stay and grow in
, the Capital of Silicon Valley. We appreciate Supermicro's investment and the jobs it will generate, and are committed to work at the speed of business to ensure the company's development timelines are met as it expands its headquarters in
North San Jose
Consummation of the sale of the property is subject to customary closing conditions, including, among others, Supermicro's review of the property. Escrow of the property is expected to close on or about
October 30, 2013
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