Samsung's planned major investment in US production reportedly influenced by Trump election

[bripat9643]

WINNING!

http://www.cnbc.com/2017/03/08/samsungs-planned-major-investment-in-us-production-influenced-by-trump-election-dj-citing-sources.html​

Samsung is planning to invest around $300 million in expanding U.S. production facilities after President Donald Trump's rhetoric around American jobs, according to the Wall Street Journal Wednesday, citing sources.​

The company will also shift some production of oven ranges to the U.S. from Mexico, the Journal said, citing people familiar with the matter. It could create around 500 jobs, the people added.

Talks are ongoing and no final decisions have been made, with a start date for oven-range production still undetermined, the people told the Journal.

CNBC has reached out to Samsung for comment....

 

[BlackFlag]

A foreign company investing in the U.S.? Thanks globalism.