Samsung to make a Trump-inspired move

Samsung recently confirmed its plans to expand U.S. production facilities of home appliances in at least five states, which would generate a minimum of 500 jobs, according to an article in Wednesday’s Wall Street Journal.

“Many of Samsung’s home appliances are currently manufactured in Mexico,” but President Trump’s election has caused the company to consider shifting more of its manufacturing operations to the U.S., it is reported.

“The initial capital investment is expected to be around $300 million,” reported WSJ, citing industry insiders who were not identified. They said that the company may be moving its production of oven ranges from Mexico to the U.S., although nothing has been finalized.

Insiders also speculated that in the next few years, Samsung may eventually expand its U.S. manufacturing sites for other home appliances, including refrigerators, washers, and dryers.

President Trump’s election was reportedly what inspired the South Korean-based electronics company’s decision.

“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,” said the report.

Samsung officials have been meeting with representatives from Alabama, Georgia, North Carolina, Ohio, and South Carolina, according to the report. “Among those, South Carolina is a strong contender,” revealed one source, adding that the site of interest is in the area of Blythewood, S.C.

According to a statement released from the company, “preliminary” discussions have revolved around a new home-appliance facility. “However, this is a complex process that, like all strategic business decisions, will not be made final until it is determined through proper due diligence and planning that it is the best option for Samsung,” it said.

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