Tech giant Samsung has announced that it will be moving its U.S. headquarters to Plano by the end of the year.
The company established its headquarters in New Jersey more than 40 years ago, first in Ridgefield Park and then in Englewood where it has been headquartered for less than one year.
Samsung told NBC DFW that the move is part of a “business transformation” to better position the company for long-term growth and “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.”
Approximately 1,000 employees will be relocated to Texas.
The presence of the Korean company is not new in Texas, as the company established its first fabrication plant in the Austin area in 1997. An additional plant was constructed in 2007, and a third plant is under construction in Taylor.
According to Dallas Innovates, Samsung will move to its existing flagship campus in Plano, which was built in 2019. In 2023, the company opened a Samsung Networks Innovation Center at this location as well.
Samsung is the second company in two weeks to announce it will be leaving New Jersey. It follows ExxonMobil, which is set to move its legal domicile to Texas.
AT&T is also constructing a new global headquarters in Plano, with a projected move-in date sometime in 2028.
