Samsung to Invest in New US Plant

SourceIndustry Week
Date Published06/28/2017
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Samsung Electronics America
Parent companySamsung
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1000
Year reshoring announced:2017
Domestically, the work will be done:In-house
Capital investment ($):380
Country(ies) from which reshored:Korea, Republic of
City reshored to:Greenville
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredhome appliances, washing machines
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:2.75 m, job development credits
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