SEOUL – Samsung Electronics Co. is planning a major investment for the expansion of its U.S. production facilities, according to people familiar with the matter, with at least five states in the discussions.
The initial investment is expected to be around $300 million, some of the people said, with Samsung shifting a part of the production of oven to reach the USA from Mexico. The move could generate approximately 500 jobs, those people said.
DEPORTEES BACK IN MEXICO OFFERED FREE TRAINING TO BECOME AN ENGLISH TEACHER
Calls continue and no final decisions have been made, with a start date for oven-range production is still undetermined, the people said, so the details may change.
In the subsequent years, Samsung could end up boosting U.S. production of refrigerators, washing machines, dryers and other household appliances, so the total investment is considerably larger, according to people familiar with the talks. But not a strict deadline, or commitment has been set for those decisions, the people said.
Samsung’s interest in an AMERICAN factory was affected by the election of the AMERICAN President Donald Trump, according to people familiar with the matter. Mr. Trump campaigned on a desire to create more jobs in the industry in the country and has threatened possible sanctions for companies that do not meet the requirements.
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