Samsung Electronics

Samsung Electronics Co., Ltd.
Native name
삼성전자 주식회사
Hanja
三星電子株式會社
Revised RomanizationSamseong Jeonja Jusikhoesa
FormerlySamsung Electric Industries (1969–1988)
Company typePublic
ISINKR7005930003
Industry
Founded13 January 1969 (1969-01-13) in Suwon, South Korea
HeadquartersSamsung Digital City, Samsungno 129, Maetan-dong, ,
Area served
Worldwide
Key people
ProductsSee products listing
RevenueDecrease US$198.247 billion (2023)
Decrease US$5.027 billion (2023)
Decrease US$11.857 billion (2023)
Total assetsIncrease US$349.053 billion (2023)
Total equityIncrease US$278.441 billion (2023)
Owners
Number of employees
270,372 (December 2023)
ParentSamsung
Subsidiaries
Websitesamsung.com
Footnotes / references
[3]
Samsung Electronics quarterly results:
CE: Consumer electronics
DS: Device solutions
IM: IT & mobile communications

Samsung Electronics Co., Ltd. (Korean삼성전자; Hanja三星電子; RRSamseong Jeonja; lit. Tristar Electronics; sometimes shortened to SEC and stylized as SΛMSUNG) is a South Korean multinational major appliance and consumer electronics corporation headquartered in Yeongtong-gu, Suwon, South Korea.[1] It is currently the pinnacle of the Samsung chaebol, accounting for 70% of the group's revenue in 2012.[4]

Samsung Electronics has played a key role in the group's corporate governance due to cross ownership.[5] Samsung Electronics has assembly plants and sales networks in 74 countries and employs more than 270,000 people.[6] It is majority-owned by foreign investors.[7][8] As of 2019, Samsung Electronics is the world's second-largest technology company by revenue, and its market capitalization stood at US$520.65 billion, the 12th largest in the world.[9]

Samsung is the world's largest manufacturer of smartphones since 2012. Samsung is best known for its Samsung Galaxy brand including the Samsung Galaxy S series which was first produced in 2010. It has developed 5G-capable smartphones, including the Galaxy S24,[10] and foldable phones, including the Galaxy Z Fold 5.[11] The company is a major vendor of tablet computers, particularly its Android-powered Samsung Galaxy Tab collection, and is regarded for developing the phablet market with the Samsung Galaxy Note family of devices.[12] Samsung has also been the world's largest television manufacturer since 2006[13] as well as the world's largest soundbar manufacturer since 2014.[14]

The company is a major manufacturer of electronic components such as lithium-ion batteries, semiconductors, image sensors, camera modules, and displays for clients such as Apple, Sony, HTC, and Nokia.[15][16] It is also the world's largest semiconductor memory manufacturer[17] and, from 2017 to 2018, had been the largest semiconductor company in the world, briefly dethroning Intel, the decades-long champion.[18]

In 2012, Kwon Oh-hyun was appointed the company's CEO. He announced in October 2017 that he would resign in March 2018, citing an "unprecedented crisis".[19][20][21] The company had three CEOs (Ki Nam Kim, Hyun Suk Kim, and Dong-Jin Koh) from March 2018[22][23] until December 2021, when the business units were reorganized and they were replaced by Kyung Kye-Hyun and Han Jong-hee.[24][25] It has also had a separate regional CEO, HC Hong, who led the business in Southwest Asia since 2015 and then moved to Latin America in 2020.[26][27][28]

  1. ^ a b "Articles of incorporation". Samsung. Archived from the original on 8 May 2016.
  2. ^ "SAMSUNG ELECTRONICS CO., LTD. (A005930) – Company". www.marketscreener.com. Retrieved 8 December 2021.
  3. ^ Samsung Electronics Financial Statements (PDF), Samsung Electronics, 15 February 2023, archived (PDF) from the original on 26 March 2019, retrieved 17 February 2023
  4. ^ "Samsung Global Strategy Group 2013" (PDF). Archived from the original (PDF) on 2 May 2014. Retrieved 5 March 2014.
  5. ^ Kim, Gil; Keon Han; Minseok Sinn; Hyung Cho; Ray Kim (18 June 2014). "Korea Market Strategy – How to untangle Samsung group's ownership?". Credit Suisse. p. 36. Archived from the original on 5 February 2016. Retrieved 22 November 2015.
  6. ^ "Fast Facts: Samsung Global Newsroom". Samsung Electronics. Retrieved 7 July 2020.
  7. ^ "Ownership Structure │ Stock │ Investor Relations │ Samsung Global". Samsung global.
  8. ^ "Foreign ownership of Samsung Electronics Reaches All-time High of 57.33%". Businesskorea. 8 May 2019.
  9. ^ 박, 상수 (12 January 2020). "Samsung Electronics ranks 18th worldwide in market cap". Yonhap News Agency. Retrieved 10 June 2020.
  10. ^ "Samsung S24 series". www.samsung.com/global/galaxy/galaxy-s24/. Retrieved 12 February 2024.
  11. ^ "Samsung Galaxy Fold 5". www.samsung.com/global/galaxy/galaxy-z-fold5/. Retrieved 12 December 2023.
  12. ^ "Samsung gains tablet market share as Apple lead narrows". BBC News. 1 February 2013. Archived from the original on 28 September 2018. Retrieved 26 July 2013.
  13. ^ "Samsung To Add LCD Cell Lines in Tangjeong". EETimes. Archived from the original on 22 July 2011. Retrieved 13 May 2010.
  14. ^ "Samsung Number 1 Soundbar Brand". news.samsung.com/global/samsung-soundbar-ranks-no-1-in-global-sales-for-9-consecutive-years. Retrieved 12 February 2024.
  15. ^ "Apple spent nearly $5.7 billion on Samsung parts in 2010, faces 'strong' response to its patent suit". Engadget. 19 April 2011. Archived from the original on 23 October 2013. Retrieved 7 May 2013.
  16. ^ "HTC ditches Samsung components for other suppliers, à la Apple". TechRadar. 10 October 2012. Archived from the original on 8 May 2013. Retrieved 7 May 2013.
  17. ^ "50 Things You Didn't Know About Samsung It's also been the world's largest supplier of memory chips over the past 20 years..." Complex. Archived from the original on 29 April 2017. Retrieved 19 June 2017.
  18. ^ Vanian, Jonathan. "Samsung Dethrones Intel As World's Biggest Chip Maker". Fortune. Archived from the original on 29 July 2017. Retrieved 29 July 2017.
  19. ^ "Oh-Hyun Kwon: Executive Profile & Biography". Bloomberg L.P. Retrieved 3 November 2017.
  20. ^ "Ownership Structure". Samsung Electronics. Archived from the original on 21 November 2015. Retrieved 22 November 2015.
  21. ^ "Samsung CEO Kwon Oh-hyun to resign citing 'unprecedented crisis'". The Verge. Archived from the original on 13 October 2017. Retrieved 13 October 2017.
  22. ^ "CEO | Executives | Company". Samsung India. Archived from the original on 5 July 2019. Retrieved 5 July 2019.
  23. ^ "Executive Team | Executives | Company". Samsung India. Archived from the original on 5 July 2019. Retrieved 5 July 2019.
  24. ^ Sohn, Jiyoung (7 December 2021). "Samsung Replaces CEOs, Merges Mobile and Consumer Electronics Businesses". The Wall Street Journal. ISSN 0099-9660. Retrieved 7 December 2021.
  25. ^ "Samsung names new CEOs, to merge mobile, consumer electronics units". CNBC. 7 December 2021. Archived from the original on 7 December 2021. Retrieved 7 December 2021.
  26. ^ "Samsung's HC Hong, who got India on global smartphone map, begins new role". mint. 24 January 2020. Retrieved 14 June 2021.
  27. ^ "Samsung Moves India Chief HC Hong To Latin America". BW Businessworld. 25 January 2020. Retrieved 14 June 2021.
  28. ^ Ians (24 January 2020). "Samsung's HC Hong who put India on world map begins new chapter". The Hindu. ISSN 0971-751X. Archived from the original on 24 January 2020. Retrieved 7 December 2021.