ã€World Wide Web Reporter Zhang Zhiying】 Trump frequently pressed Asian manufacturing companies after the election. Following Softbank, Foxconn and other companies, Samsung is now joining the US manufacturing industry to return to the ranks.
Samsung announced that it plans to make an investment in the United States to relocate its natural gas stove production plant from Mexico to the United States. It is estimated that it will create 500 jobs and the initial investment is expected to be around US$300 million.
A number of insiders said that Samsung plans to increase the production capacity of refrigerators, washing machines, and dryers in the United States in the next few years, and the total investment amount may be “very impressiveâ€.
Samsung officially affirmed this plan for the first time in response to the Wall Street Journal's inquiries. Informed sources said Samsung had initial discussions with Alabama, Georgia, North Carolina, South Carolina and Ohio. In these states, South Carolina has a strong competitive edge.
Samsung also expressed interest in the selection of locations around Blythewood, South Carolina. Samsung has been one of the largest foreign direct investment enterprises in the United States for the past several decades. This time, it may not reconstruct the factory but directly utilize the existing plant and equipment. However, at present, consultations between Samsung and the U.S. state government are in progress. The start date of stove production has not yet been finalized, and details may change.
Samsung’s rival LG Group also announced last week that it will invest 250 million U.S. dollars in Tennessee, which is located in the northwestern part of South Carolina, to build a new home appliance manufacturing plant and plans to add at least 600 jobs in the United States. In addition, Japan’s Softbank Group’s CEO, Masayoshi Son, promised to invest an additional US$50 billion in the United States after meeting Trump in December last year; Foxconn CEO Gou Ting Ming also said in January that he would consider investing US$7 billion in the US to build a tablet. Display factory and invited Sharp to participate. It is reported that Trump requires a 35% import tax on foreign companies.
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