Nvidia Plans New Office Campus in Santa Clara, California

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Nvidia Corp., a maker of graphics processors, is planning to build a new headquarters office campus near its current base in Santa Clara, California, Chief Executive Officer Jen-Hsun Huang said today.

The campus, to be built on a 24-acre (9.7-hectare) parcel that Nvidia purchased in 2008, will consist of two buildings, each with 500,000 square feet (46,000 square meters), the company said in a statement. It will use its cash reserves to pay for the first building, with construction scheduled to begin in June and occupancy planned for July 2015, Hector Marinez, a company spokesman, said in an e-mail. He declined to disclose the cost.