Samsung Electronics
South Korean multinational electronics corporation / From Wikipedia, the free encyclopedia
Samsung Electronics Co., Ltd. (Korean: 삼성전자; Hanja: 三星電子; RR: Samseong Jeonja; lit. Tristar Electronics; sometimes shortened to SEC and stylised as SΛMSUNG) is a South Korean multinational major appliance and consumer electronics corporation founded on 13 January 1969 and 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]
Native name | 삼성전자 주식회사 |
---|---|
Hanja | 三星電子株式會社 |
Revised Romanization | Samseong Jeonja Jusikhoesa |
Formerly | Samsung Electric Industries (1969–1988) |
Company type | Public |
ISIN | KR7005930003 |
Industry |
|
Founded | 13 January 1969; 55 years ago (1969-01-13) in Suwon, South Korea |
Headquarters | Samsung Digital City, Samsungno 129, Maetan-dong, , South Korea[1] |
Area served | Worldwide |
Key people |
|
Products | See products listing |
Revenue | US$198.247 billion (2023) |
US$5.027 billion (2023) | |
US$11.857 billion (2023) | |
Total assets | US$349.053 billion (2023) |
Total equity | US$278.441 billion (2023) |
Owners |
|
Number of employees | 270,372 (2023) |
Parent | Samsung |
Subsidiaries | |
Website | samsung.com |
Footnotes / references Financials as of fiscal year ended 31 December 2023.[update] References:[3] |
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,[update] 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 2011. 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 as well as the world's largest soundbar brand.[13][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, was 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]