Samsung Electronics America is relocating its U.S. headquarters to Texas, marking another high profile corporate move to the Lone Star State and adding to Texas’ growing reputation as a destination for major businesses seeking a more favorable operating environment.
The South Korean technology giant confirmed it will move its U.S. headquarters operations from Englewood Cliffs, New Jersey, to its existing campus in Plano, Texas. The decision comes less than a year after Samsung moved into a new facility in New Jersey, a development that had been celebrated as a major investment in the region.
Samsung currently leases approximately 270,000 square feet at 700 Sylvan Avenue in Englewood Cliffs. Company officials said the relocation is part of a broader business transformation designed to position the organization for long term growth and future success…