Samsung is set to relocate its U.S. headquarters to Plano, Texas, leading to a loss of around 1,000 jobs in New Jersey.
The South Korean technology giant recently announced that it will shift its headquarters from Englewood Cliffs, New Jersey, to a facility in Plano, Texas, just months after inaugurating its new headquarters in Bergen County, New Jersey.
Samsung aims to complete this move by the year’s end. The company has maintained a presence in Bergen County for roughly 30 years, first operating out of Ridgefield Park in the early 1990s before transitioning to Englewood Cliffs in 2025.
“Samsung Electronics America Inc. is embarking on a business transformation that’s intended to better position our organization for sustainable growth,” the company stated.
“As part of this effort, we will shift our U.S. headquarters from New Jersey to our existing campus in Plano, ensuring our long-standing commitment to the state,” the announcement indicated.
It remains unclear whether Samsung will fully vacate its extensive New Jersey location, which spans over 300,000 square feet.
The New Jersey Chamber of Commerce expressed that Samsung’s departure highlights issues regarding the state’s competitiveness and business climate, urging Gov. Mikie Sherrill (D-N.J.) to implement policies that reduce bureaucracy, ultimately making New Jersey more business-friendly.
“Governor Sherrill has shown a commitment to enhancing our business environment by lowering costs and easing regulatory hurdles,” according to a statement from the group.
They also added: “There’s reason to be hopeful.”
“This transition aims to foster collaboration among teams and sharpen focus on areas most impactful to our customers and partners,” Samsung explained.
“Through this strategy, we look to streamline some parts of our organization to ensure alignment with essential business objectives,” the statement continued.
Will Hild, executive director of Consumers’ Research, shared his thoughts on the situation:
Samsung’s choice to relocate to Texas exemplifies significant shifts within the business landscape. Pro-business states like Texas, which actively support company success, are attracting firms that feel stifled by extreme policies in states like New Jersey, New York, and California. Notably, Texas maintains lower taxes and fewer regulations compared to its counterparts and has taken innovative measures to safeguard businesses from interference by disruptive entities like proxy voting advisors. By making this strategic move, Samsung and others are signaling their intention to prioritize the interests of their investors and customers amidst the pressures from more left-leaning governments and overly progressive financial institutions.
He concluded by expressing hope for more companies to adopt a similar approach.
