Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Ahn Young-joon / AP
Samsung is planning to invest around $300 million in expanding its U.S. production facilities, and is in talks with at least 5 states to make this happen, reports the WSJ. The company will also shift some production of oven ranges to the U.S. from Mexico, a move which could generate around 500 jobs.
The South-Korean based company has had initial discussions with Alabama, Georgia, North Carolina, Ohio and South Carolina. Among those, South Carolina seems to be the leading contender, with Samsung expressing interest in a facility around Blythewood, S.C.
The move comes as Trump has increasingly sought to lure manufacturing companies to keep their plants and jobs in the U.S., while threatening those who leave with potential penalties, such as a border tax. But note that talks are continuing and no final decisions have been made, so the details may change.