FREMONT, CA—Seagate Technology on Friday unveiled a $180 million cutting-edge research and development complex at the former Solyndra solar factory in Fremont, a site the company will use to invent next-generation disk drives.

Last week, Seagate installed a huge sign with its name and logo on the side of the 411,000-square-foot complex, according to a report in the Oakland Tribune.

"It's a big deal to be keeping high-tech research and development jobs in Silicon Valley," said Mark Re, a Seagate senior vice president and R&D executive, in talking with The Tribune. "This is going to be a state-of-the-art facility."

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.