Samsung Electronics exec: the investments that endure build more than factories
We have learned a lesson over nearly five decades in the U.S.: putting up capital is not the same as putting down roots.
Samsung Electronics is investing heavily in U.S. manufacturing, particularly in semiconductor production, with a focus on building relationships and partnerships within local communities. The company's approach recognizes that creating jobs and economic impact is about more than just building factories; it requires investing in the local workforce, suppliers, and educational institutions to create a sustainable pipeline of talent.
In Texas alone, Samsung's operations support over 175,000 jobs and contribute billions to the economy, with a significant portion of this investment focused on workforce development through programs like Samsung's 5-Star Workforce Development partnership plan, community engagement initiatives, and partnerships with local schools and universities.
These efforts aim to equip the next generation of workers with the skills necessary to thrive in the evolving manufacturing and technology landscape.
Brief written by urgent.news from Fortune's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
