Jenith
Well-known Member
- Joined
- Mar 25, 2019
- Posts
- 54,119
- Likes
- 246
Samsung's US headquarters have been based in the state of New Jersey for many years now, but that's about to change.
It has been confirmed by Samsung Electronics America that their US headquarters are being shifted from Englewood Cliffs in New Jersey to Plano, Texas.
What's surprising is that Samsung has made the decision to shift its US HQ merely a year after the grand opening of its new North American headquarters in Bergen County, also in New Jersey.
A spokesperson for the company confirmed the move to NJBIZ, saying that “Samsung Electronics America Inc. is undergoing a business transformation designed to better position our organization for long-term growth and future success.”
The spokesperson added that “As part of this effort, we are relocating our U.S. headquarters from New Jersey to our existing campus in Plano, Texas, building on our 30-year presence in the state.” Samsung expects the shift to be completed by the end of this year.
The move to Texas makes sense. It's the state where Samsung has poured billions into setting up chipmaking plants. Samsung's most advanced US chipmaking plants are based in Taylor, Texas, where the company will make 2nm chips.
As on-shore chipmaking is slated to become a vital part of its US business, it would only make sense for Samsung to move its base of operations closest to its most vital moneymaking operations.
It has been confirmed by Samsung Electronics America that their US headquarters are being shifted from Englewood Cliffs in New Jersey to Plano, Texas.
Move is set to be completed by the end of this year
What's surprising is that Samsung has made the decision to shift its US HQ merely a year after the grand opening of its new North American headquarters in Bergen County, also in New Jersey.
A spokesperson for the company confirmed the move to NJBIZ, saying that “Samsung Electronics America Inc. is undergoing a business transformation designed to better position our organization for long-term growth and future success.”
The spokesperson added that “As part of this effort, we are relocating our U.S. headquarters from New Jersey to our existing campus in Plano, Texas, building on our 30-year presence in the state.” Samsung expects the shift to be completed by the end of this year.
The move to Texas makes sense. It's the state where Samsung has poured billions into setting up chipmaking plants. Samsung's most advanced US chipmaking plants are based in Taylor, Texas, where the company will make 2nm chips.
As on-shore chipmaking is slated to become a vital part of its US business, it would only make sense for Samsung to move its base of operations closest to its most vital moneymaking operations.