Samsung to Shift Some Production of Home Appliances to US

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 USA production facilities, reported The Wall Street Journal. But the company has not decided whether to start the project or when it will kick off production.

"We are considering building a plant in the USA in line with our mid- to long-term strategy", Seol told reporters at the company's new washer unveiling in Seoul. Mr. Trump campaigned on a desire to create more manufacturing jobs in the country-and has threatened potential penalties for companies that don't comply.

Though no commitment has been reached, if Samsung successfully moves those jobs to the United States, they may also choose to shift other appliance production lines.

The South Korean giant has had discussions with five USA states as it seeks to open a new home-appliance production facility, the paper said, citing sources familiar with the matter. Trump campaigned on a promise of creating jobs in the US and bringing back manufacturing, and has threatened to impose stiff tariffs on imports.

Samsung's interest in a U.S. factory was influenced by the election of U.S. President Donald Trump, according to people familiar with the matter.

On March 1, its crosstown rival LG Electronics announced it would build a new manufacturing plant near Clarksville, Tennessee, to produce front- and top-load washers from 2019.

  • Zachary Reyes