It’s always tough for large tech companies to remain on the cutting edge. That’s why they often buy fast-growing startups.
There is something else that’s common among tech giants: building massive R&D labs. One of the most famous was Xerox PARC (NYSE:XRX), which created the computer mouse, the graphical user interface and networking — back in the 1970s! Unfortunately, the company didn’t know how to market this stuff — but Apple’s (NASDAQ:AAPL) Steve Jobs did.
Well, it looks as though another tech behemoth is starting a lab: Google (NASDAQ:GOOG). While the project is considered secret, there already seems to be lots of information about it. The facility will cost $120 million and will be located near Google’s headquarters in Mountain View, Calif.
And yes, it will pursue some ultra-cool ideas. A big focus will be on wireless technologies, especially with applications for the home. It looks as if this could prove helpful for Google’s Android@Home set of offerings. Other projects will involve the use of rare gasses. (I’m really not sure why, actually.)
Interestingly enough, Apple is also building a lab. After all, it will definitely need to find massive breakout technologies to keep up its amazing growth.