[Global Scientific Reporter Li Zongze] According to a report from the Wall Street Journal of the United States on March 8, according to informed sources, Samsung Electronics is planning to invest large sums of money to expand production facilities located in the United States. At least five states are currently involved in the process. The company conducts related discussions.
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Several informed sources said that the initial capital input is expected to be around US$300 million, and Samsung Electronics is moving some of its oven-range gas production lines in Mexico to the United States. The informed sources said that this move can create about 500 jobs.
It is reported that the relevant negotiations are in progress and the final decision has not yet been made. When gas stoves with ovens are produced in the United States, they have not yet been finalized, so the details may still change. In the next few years, Samsung Electronics may eventually expand the production lines of refrigerators, washing machines, dryers, and other home appliances in the United States, thereby increasing the overall investment significantly. However, these informed sources said that the company has not yet made a specific timetable or commitment to these decisions.
Informed sources also claimed that Samsung Electronics’ interest in setting up factories in the United States was influenced by the election of US President Trump. During the election campaign, Trump promised to create more manufacturing jobs in the United States and threatened those companies that did not do so may be punished.
According to informed sources, Samsung Electronics, the world’s largest maker of smartphones, memory chips and TVs, has held preliminary discussions with Alabama, Georgia, North Carolina, Ohio and South Carolina. According to a person familiar with the matter, South Carolina has an advantage in five states, and Samsung Electronics expressed interest in a location near Blythewood, the state.
In response to a question from the Wall Street Journal, Samsung Electronics confirmed the U.S. investment plan for the first time in a company statement. Samsung Electronics stated that it has conducted "preliminary" discussions on opening a new home appliance manufacturing plant in the United States. The company stated that, like all strategic commercial decisions, this will be a complicated process, and no final decision will be made until due diligence and planning to determine that setting up a plant in the United States is the best option.
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