SEA employs about 1,200 people in New Jersey, according to U.S. Rep. Josh Gottheimer's office, which said the Englewood Cliffs campus opened last September, replacing the Ridgefield Park headquarters Samsung had occupied since 1992. The WARN notice covers over 60% of that workforce, roughly 10 months after the site opened. Internal documents reviewed by Reuters show employees were notified of an “enterprise-wide reduction in force” on June 30.
Samsung's chip division booked a preliminary $58.5 billion in second-quarter operating profit, a 19-fold year-on-year jump that passed Nvidia's most recent quarter and put Samsung on track to out-earn its entire 40-year semiconductor history in 2026. Its mobile division is expected to post its first-ever quarterly loss over the same period, squeezed by competition from Apple and by the memory price increases its own chip unit is charging. Conventional DRAM contract prices rose 58% to 63% in Q2 , and smartphone makers are raising handset prices to offset persistently high memory costs.
Samsung's $400,000 payout for memory workers sparks revolt as other divisions get only $4,000, fueling intentional production slowdowns
Samsung starts winding down chip production six days before planned 18-day strike
Samsung chip division's single-year profits beat its past 40 years of profits, combined, due to increased memory and storage prices
The consumer arm's relocation puts it alongside Samsung's existing chip footprint in Texas, which includes two fabs in Austin, the delayed Taylor fab, and a mobile hub in Plano. Samsung employed 11,770 people in the U.S. at the end of 2025, including its chip division. Samsung's IT services affiliate, Samsung SDS America, warned in a separate June notice that 179 roles could be cut in Ridgefield Park, New Jersey.
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Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/tech-industry/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/samsung-cuts-hundreds-of-us-consumer-electronics-jobs-ahead-of-texas-hq-move#main
- https://www.tomshardware.com/subscription
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Informational only. No financial advice. Do your own research.