Intuitive Surgical (NSDQ:ISRG) has leased two new buildings in Santa Clara, Calif., near its Sunnyvale-based headquarters, as it looks to expand its Silicon Valley footprint, according to a Mercury News report.
Each new building clocks in at roughly 105,000 square feet, and construction work has already begun on both buildings, according to the report.
“We have engineering, manufacturing, and administrative operations in Sunnyvale. This location has served us well as our headquarters and we have attracted exceptional employees. Our business has grown significantly over the past several years, necessitating expansion in locations worldwide, including Sunnyvale,” Intuitive Surgical media relations director Peper Long told the Mercury News. “The facilities at 3410 and 3420 Central Expressway are within walking distance of our core campus and provide the expansion space we need.”
Last week, Intuitive Surgical said that it is expanding its share repurchasing program to $2 billion.