Samsung to produce microwave ovens in US
South Korean electronics giant bows to US president's call
KENICHI YAMADA, Nikkei staff writer
SEOUL -- South Korea's Samsung Electronics is set to convert a factory in the U.S. state of South Carolina so it can produce microwave ovens and other home appliances, according to sources.
The company is expected to announce the investment, which is estimated to be around $300 million, when South Korean President Moon Jae-in visits the U.S. to meet with his counterpart later this week.
Samsung plans to purchase an existing factory run by Caterpillar, the big construction machinery maker, in Newberry and convert it into a home appliance factory as early as next year. Samsung might also make washing machines at the factory.
The city is said to be expecting the investment to create about 500 jobs.
In February, in response to a tweet by U.S. President Donald Trump, Samsung said it would build a new home appliance factory in the U.S.