Samsung plans to abandon its New Jersey headquarters and relocate to Texas less than a year after completing the facility, marking another major corporate exit from a blue state to the Lone Star State.
The electronics giant will move its U.S. operations from Ridgefield Park, New Jersey to a new campus in Richardson, Texas, according to a Tuesday announcement. The company only finished building its New Jersey headquarters last summer.
“We are excited to bring Samsung’s U.S. headquarters to Texas, a state known for its business-friendly environment and exceptional quality of life.”
The move reflects a broader trend of companies fleeing high-tax blue states for red states with lower costs and more favorable business climates. Texas has become a top destination for corporate relocations in recent years, attracting major firms from states like California and New Jersey.
Samsung cited multiple factors in its decision, including access to a skilled workforce, competitive operating costs, and proximity to the company’s existing semiconductor manufacturing operations in Austin. The Richardson campus will consolidate several of Samsung’s U.S. divisions under one roof.
New Jersey Governor Phil Murphy has overseen multiple high-profile corporate departures during his tenure, with companies citing the state’s high taxes and regulatory burden as reasons for leaving. The state maintains some of the highest property taxes in the nation.
The Samsung headquarters move will bring hundreds of corporate jobs to the Dallas-Fort Worth area. The company plans to complete the transition by late 2026.
Texas Governor Greg Abbott has aggressively courted companies from other states through tax incentives and regulatory reforms. The state has no personal income tax and offers various business incentives to attract corporate relocations.
