Intermolecular expands its San Jose headquarters

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Intermolecular has invested US$3 million in improvements for the expansion of operations at its San Jose, California headquarters.  The expansion will allow Intermolecular to continue its collaborative development programs (CDP) as well as add further engineering and corporate functions with the new cleanrooms, laboratories and office space that is found in the new 146,000 square foot facility.

As part of its investment, Intermolecular installed new art processing’s and test equipment with plans to hire more than 100 new engineers, technologists and administrative staff. Future plans will see Intermolecular engage in a multi-million investment for specialized R&D equipment and software over the next two years. This initial expansion was fueled by support from the San Jose Redevelopment Agency, which provided US$400,000 in capital equipment assistance. Additionally, the San Jose Office of Economic Development gave US$200,000 in Community Development Block Grant (CDBG) funds from the city’s Clean Tech Cares Fund. 

As a requirement for the CDBG funds, Intermolecular had to create at least six new job opportunities by June, with at least 51% made available to low- and moderate-income residents. Intermolecular asserts that it has met and exceeded this goal with the creation of eight new jobs.

“We are pleased to maintain our headquarters and development facilities in San Jose, which has been an ideal growth environment for Intermolecular,” said David Lazovsky, Intermolecular president and CEO. “Our expansion is being driven by increasing customer demand for Collaborative Development Programs, in which Intermolecular team members work with customer teams to accelerate R&D and get products to market faster. Our unique, proprietary innovation platform leverages our High Productivity Combinatorial technology to increase R&D productivity by 10-100X relative to conventional approaches, and our customer-centric approach has been proven to bring new technologies and products from initial discovery to high-volume production with unprecedented speed and much lower costs than traditional R&D methods.”

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