South Korean tech giant Samsung Electronics will move its U.S. headquarters to Plano, the company confirmed Tuesday.
“Samsung Electronics America Inc. is undergoing a business transformation designed to better position our organization for long-term growth and future success. As part of this effort, we are relocating our U.S. headquarters from New Jersey to our existing campus in Plano, Texas, building on our 30-year presence in the state,” the company said in a statement. “The transition, which will be completed by the end of the year, is intended to strengthen alignment across teams and offices, and sharpen our focus on the areas that will drive the greatest impact for our customers, partners and business.”
It is unclear whether Samsung is abandoning its new 321,000-square-foot Garden State facility. According to The Korea Times, about 1,000 employees will relocate as part of the move, but the company also said it would be “optimizing parts of the organization” to align business priorities, which will have an impact on its people.
Samsung first consolidated North Texas operations in 2019 at the Legacy Central development at U.S. Highway 75 and Legacy Drive, before expanding the office by another 70,000 square feet in 2020. It then added another 60,000 square feet at another building in the development in 2021, and in 2023 added roughly 33,000 square feet of office space at The Tennyson in Legacy business park nearby. It also has warehouse and distribution space scattered across the region.
“Samsung remains committed to its investments across the United States as we build a stronger foundation for innovation, operational excellence and sustainable growth,” the company said.