Market Chatter: Samsung Electronics Mulling US HQ Relocation

MT Newswires Live06-02 13:56

Samsung Electronics (KRX:005930) is considering moving its US headquarters from New Jersey to Texas, Yonhap News Agency reported Monday, citing industry sources.

The electronics company has already notified employee of the decision, with an unnamed company official confirming workforce allocation plans, according to the report.

The move is seen as the company taking advantage of favorable tax policies and lower real estate costs in Texas, the news outlet reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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