Samsung Plans U.S. Expansion, Would Shift Manufacturing From Mexico

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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.

Talks are continuing and no final decisions have been made, with a start date for oven-range production still undetermined, the people said, so the details may change.

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Thanks Obama. Hope Trump can keep it going.