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Teaming Up for Tech at the 2019 SelectUSA Investment Summit

April 30, 2019

David Steel is the Executive Vice President of Corporate Affairs for Samsung Electronics America, which is an official sponsor of the SelectUSA Investment Summit.

Samsung marked its 40th year in the United States in 2018, an investment that has been nothing short of essential to our company’s success. Not only was it an accomplishment worth celebrating, but it was also the perfect time to reflect on the importance of the U.S. market and the strong ties we have forged with American industry and consumers over the course of four decades.

Since 1978, Samsung’s U.S. family has grown to 20,000 employees across 46 states. Whether investing in manufacturing facilities in South Carolina, cuttingedge startups in California,or expanding our massive semiconductor operation in Texas, Samsung also realizes that in order to tap the true potential of the U.S. market, we must continue to engage on the ground.

That’s why Samsung is excited to be involved in the inaugural SelectUSA Tech program at the SelectUSA Investment Summit, an initiative that aligns with our vision for high-tech manufacturing to propel the U.S. economy and provide high-quality careers for decades to come. The SelectUSA Techprogram connects our global firm with both American consumers and the innovators working to shape the trends and develop the technology that will spur global demand for our products.

To date, Samsung has invested billions of dollars in the U.S. through advanced manufacturing, R&D, and emerging technologies:

  • Over the last 23 years, Samsung has invested $17 billion in manufacturing and R&D at Samsung Austin Semiconductor (SAS) – one of the largest-ever foreign direct investments in the United States.
  • In 2017, Samsung announced a $380 million investment in a new, state-of-the-art home appliance manufacturing facility in Newberry County, SC.
  • Samsung has invested more than $6.6 billion in U.S.-based companies and start-ups across 30 industry sectors, including IoT, AI, VR/AR, smart machines, digital health, security, cloud, and more.

At the center of Samsung’s investment opportunities is thevision for a connected world and the importance of selecting America as a partner to make this happen–recognizing our cultural ties founded upon partnership and innovation. For instance, the growing need to fill STEM-related jobs with qualified professionals pushes us to constantly invest inprograms that will train and inspire the next generation of tech talent and industry leadership. We constantly work to provide the essential tools and access to our technology to encourage, inspire, and support the people and communities we serve.

Our commitment to investment and growth in the U.S. is stronger than ever. Through partnerships with programs like SelectUSA, we are eager to continue doing our part to drive technology leadership and economic growth in the United States, further strengthening the thriving tech industry.