Business · 20 July 2026

Samsung eliminates 739 US jobs despite record chip profits

Samsung is eliminating 739 positions within its US consumer electronics division while relocating its headquarters from New Jersey to Texas. Samsung's semiconductor operations achieve record profits due to the AI boom, even as its phone, television, and appliance sectors contend with increased chip costs. Reports indicate that approximately 100 staff members at Samsung's Plano, Texas, facility have also been made redundant.

By BriefTea Editorial · 20 July 2026 at 14:03

Reported by techspot.com · How we write briefs