Tuesday, September 16, 2025
spot_img

Samsung donates $1mn to community partners in US

Date:

Share post:

spot_imgspot_img

San Francisco, March 5 : Samsung Electronics said on Friday that it donated $1 million to community partners in Texas to support their winter storm relief efforts.
The South Korean tech giant said that its donation will be used to provide food, water, health services and shelters in the US state where severe weather caused big damages, including a power outage.
“People are in need, and Samsung wants to help,” said Choi Kyung-sik, CEO of Samsung Electronics North America. “We remain committed to the communities where we live, work and support our customers.”
Last year, Samsung donated more than $4 million to nonprofit organisations across the US to support Covid-19 relief efforts.
Samsung runs a chip plant in Austin, Texas, but due to a power cut induced by the winter storm, it has not been in production for more than two weeks.
This is the first time that Samsung’s Austin factory has been shut since it was built in 1998. Industry observers speculated that it may take a couple of weeks to resume its operations.
Samsung recently asked authorities in Texas for tax credits if it decides to build a new chip plant in the region. The world’s largest memory chip producer is also considering other sites in the US, including Arizona and New York, for its potential new semiconductor plant.
Samsung has more than 6,000 employees and has invested more than $17 billion in Texas over the past few decades.(IANS)

spot_imgspot_img

Related articles

RGU holds AICTE-VAANI national conference in Assamese language

Guwahati, Sept 16 : The Assam Royal Global University (RGU) successfully hosted a two-day national conference under the AICTE-VAANI...

Mauritius PM calls on President Murmu, concludes State Visit to India

New Delhi, Sep 16: Mauritius Prime Minister Navinchandra Ramgoolam called on President Droupadi Murmu at the Rashtrapati Bhavan...

Stock market soars amid India-US trade talks and Fed rate cut hopes; Sensex up 595 points

Mumbai, Sep 16: The Indian equity indices experienced a sharp rally on Tuesday, buoyed by the resumption of...

After GST rate cut, govt waives mandatory re-labelling of medicines

New Delhi, Sep 16: In a major relief for the pharma sector, the government has dismissed the mandatory...