Electronic enthusiasts eight o'clock: According to foreign media reports, Samsung announced on Wednesday that the company plans to invest 380 million US dollars to build a new factory for the production of home appliances in Newberry, South Carolina.
It is reported that the new plant will eventually employ 954 factories, mainly producing high-quality home appliances for the US market.
Samsung said the company plans to start building the new plant as soon as possible. The new plant will be refurbished from the old factory and not new. It is said to speed up construction and reduce environmental impact. Samsung is expected to start producing home appliances such as washing machines at the plant later this year.
Yoon Boo-Keun, Samsung's co-CEO and head of electronics business, said: "This new investment will accelerate the launch of Samsung's quality home appliances, which will reflect our fastest growing and most important consumer market. Regional preference."
Samsung is currently preparing to expand its home appliance business. It is the world's largest manufacturer of TVs and mobile phones, but it is lagging behind competitors such as Whirlpool and LG in global sales of home appliances. According to market-tracking agency Stevenson Co., Samsung surpassed Whirlpool in the third quarter of last year to become the largest appliance maker in the United States.
In manufacturing, Samsung has a lot of influence in the United States. It spent $17 billion to run a large factory in Austin, Texas, to produce semiconductors for mobile phones and other devices. It also worked with GlobalFoundries in a chip factory in northern New York. Samsung has also recruited thousands of employees in the US to help develop and sell mobile phones, televisions, home appliances and other products.
Samsung acquired California's luxury brand Dacor last year. As part of the acquisition transaction, Dacor retains its name and business in the United States. Samsung also acquired audio supplier Harman for $8 billion and promised to invest $1.2 billion in the US R&D department to develop IoT technology. Samsung also operates a call center in Greenville, South Carolina, recruiting 800 full-time employees and contractors.
Rumors about Samsung's new home appliance factory have been circulating for some time. US President Trump posted a message on Twitter in February this year, claiming that Samsung plans to expand its US operations. He said: "Thank you, Samsung. We are very happy to have you!"
President Trump has been putting pressure on companies including technology giant Apple to produce more equipment in the United States.
Samsung said that the company began to consider expanding its business in the United States three years ago, when Obama was in power. Samsung began negotiations with South Carolina last fall. It said that Newberry County was chosen because of its highly skilled workforce, strong supply chain and transportation facilities, and the government's permission for public-private partnerships.
South Carolina Governor Henry McMaster said in a statement that he was thrilled to strengthen cooperation with Samsung.
US Secretary of Commerce Wilbur Ross said in a statement: "The world's most powerful and respected technology company chose to invest in South Carolina, which fully demonstrates that our highly qualified workforce is innovative. Elite talent."
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