Corporate Realignment & Investment Hype: Trump Media & Samsung News
There are some interesting developments taking place in corporate circles when it comes to big-shot names and anticipated global investments.
Trump Media Receives Approval to Move to Florida
Trump Media and Technology Group (TMTG), the parent company of Truth Social and the upcoming Truth.Fi financial services, received shareholder approval to change its state of incorporation with relative ease. The company is now able to initiate the process of moving its legal domicile from Delaware to Florida, which it prefers.
The vote was not close, with a strong majority voting in favor of the reincorporation proposal. Besides this significant change, shareholders also voted in favor of a couple of other items:
- An automatic contribution to the company's stock pool for its equity compensation plan. Starting in 2026 and going through 2034, 5% of shares outstanding will be contributed each year to this pool.
- Formal engagement of Semple, Marchal & Cooper, LLP as the independent auditor of the company.
The corporate actions are in line with TMTG's CEO Devin Nunes as he continues to whip up new offerings. On tap are a "red check" authentication for Truth Social subscribers joining a streaming offering, a potential "utility token" for an electronic wallet, and "America-first" named investment products such as SMAs and ETFs under the brand Truth.Fi.
Food for thought: Despite all these plans, TMTG's reported financials remain small-time. The firm had only $3.6 million in sales for the year Dec 31st, with real billings even much lower after accounting adjustments.
Disclaimer: This article is for news purposes only and should not be construed as investment advice. The author does not hold a position in the said stocks. Wccftech.com follows a disclosure and ethics policy.
Samsung Next to Invest Big in US? Trump Implies Tariff Impact
In other comments related to ongoing trade negotiations, President Trump made a suggestion that electronics giant Samsung might be next to invest large in the US. He directly linked the prospect with the implementation of tariffs by the administration.
The belief is that tariffs would make foreign companies build facilities in the US to avoid the additional cost. Trump cited the same moves by other companies, such as Apple and TSMC, after the rise of his regime and speculated that Samsung is also set to follow suit, with the company poised to potentially announce plans for "gigantic facilities."
Samsung is not a stranger to investing in the US. The company is already making significant investments in Texas:
- There are big projects coming to Austin and Taylor, which could potentially generate thousands of jobs.
- The Taylor campus, a project that is estimated at about $37 billion after it was funded by CHIPS Act funds, is expected to go into business in 2027.
- This factory is supposed to produce advanced semiconductor nodes, possibly the 2nm process that tech giants like NVIDIA want to work on.
While Samsung has spoken of relocating some appliance and TV production, any new large investment deal, perhaps spurred by trade talks with South Korea, may solidify these or future production plans within the US. A formal announcement may come shortly after trade policies are smoothed out.
