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Current Events => Economics => Topic started by: HAPPY2BME on March 08, 2017, 10:16:10 AM

Title: Samsung Plans U.S. Expansion, Would Shift Manufacturing From Mexico
Post by: HAPPY2BME on March 08, 2017, 10:16:10 AM
Initial capital investment is expected to be around $300 million

SEOUL— Samsung Electronics Co. is planning a major investment to expand its U.S. production facilities, according to people familiar with the matter, with at least five states in discussions.

The initial capital investment is expected to be around $300 million, several of the people said, with Samsung shifting some production of oven ranges to the U.S. from Mexico. The move could generate around 500 jobs, those people said.

https://www.wsj.com/articles/samsung-plans-u-s-expansion-would-shift-manufacturing-from-mexico-1488985610
Title: Re: Samsung Plans U.S. Expansion, Would Shift Manufacturing From Mexico
Post by: HAPPY2BME on March 08, 2017, 10:18:32 AM
The Koreans are smart.  They know they can't keep having a free lunch of US military protection from north korea forever and are making gradual changes in their (very lucrative) profit making ventures to benefit the US.
Title: Re: Samsung Plans U.S. Expansion, Would Shift Manufacturing From Mexico
Post by: BlueStateSaint on March 09, 2017, 04:01:12 AM
The Koreans are smart.  They know they can't keep having a free lunch of US military protection from north korea forever and are making gradual changes in their (very lucrative) profit making ventures to benefit the US.

Pretty much nailed it.  Plus, it generates a lot of positive PR in the Age Of Trump, and even might generate some goodwill after the CIA revelations.