Samsung to expand in U.S., shift some manufacturing from Mexico

  • Samsung to expand in U.S., shift some manufacturing from Mexico

Samsung to expand in U.S., shift some manufacturing from Mexico

Samsung Electronics is in preliminary talks to build a new home appliances factory in the United States after being accused by the Donald Trump administration of "trade cheating". The South Korean company is planning a large investment in the USA - $300 million, which would create about 500 jobs.

"Setting up a production base is part of a strategy in the manufacturing industry to enhance global competitiveness", Seo said.

Samsung Electronics (SSNLF), reeling from a bribery scandal and the demise of the fire-prone Samsung Galaxy Note 7, is gearing up to make a big investment in its US production facilities, reported The Wall Street Journal. Mr Lee is now being held in a South Korean jail, being forced to watch TV on an LG-produced display, according to nightmarish reports. The shift may involve moving some of the production of oven ranges to the US from Mexico and could generate about 500 jobs, according to the Journal.

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Samsung was earlier reported to have been concerning itself with setting up a plant in the United States.

"Two of the South Korean competitors, LG and Samsung, simply move the production to another country each time Whirlpool wins antidumping cases against them", Navarro said. Samsung declined to comment on whether it would move manufacturing from Mexico.

At a media event where Samsung's officials were present to unveil the company's latest washing machine that would belong to the premium category, Suh Byung-sam, Executive Vice President of the digital appliances business of the consumer electronics division at the South Korean firm stated the following according to Korea Herald. "This is the kind of trade cheating that must be stopped".