Whoa, so here’s the scoop — Samsung, it seems, is all set to drop some serious cash in the US. Yeah, Trump kinda spilled the beans while chatting about trade stuff with South Korea.
Okay, here’s the deal. Samsung might be rolling out some kind of enormous investment plan stateside. Making electronics right here, maybe? The Trump crew has been busy hammering out trade deals with countries like India, Japan, and South Korea. It looks like a big chunk of that involved foreign companies from these places pouring money into the US. Ever since Trump took the wheel, we’ve seen brands like Apple, TSMC, and SoftBank throwing billions into setting up shop here. Samsung, it appears, is now up on stage. Caught a snippet in The Korea Herald where Trump hinted at some Samsung deal on the horizon.
You know, Trump said something like this — and the drama is real — “I heard Samsung might build massive facilities in the US because of tariffs. No tariffs, no new plants,” or something along those lines. He even mentioned they’d potentially put up a huge plant to dodge those pesky tariffs.
Politicians’ chess, right? Anyway, seems like Samsung’s jumping through hoops to fit into these plans. They’re thinking of spreading their wings in Austin and Texas, like creating 10,000 jobs. The drumroll? There’s this project in Taylor, Texas that’s set to be a thing by 2027. Word is, it’s gonna handle next-gen tech like 2nm nodes. Firms like NVIDIA are apparently buzzing with excitement over this.
Oh, by the way, the picture above? Yeah, Samsung’s been all busy bee with their Taylor campus, making it $37B big after some CHIPS Act cash came their way. But, had to slice off $8B because US policy stuff got in the way. Typical, huh?
There’s also chatter about Samsung moving its appliance and TV production somewhere else, according to their earnings report. Probably some tariff games in play. We’re crossing fingers for a clear announcement once Trump’s done tweaking his trade policy with South Korea, which might come out like, next week.
Quite the twisty ride, isn’t it?
