Samsung The Journey To Electronics King
Samsung, South Korean company Samsung Digital City,Headquaters at Samsungno 129, Maetan-dong, Yeongtong District, Suwon , South Korea .that is one of the world’s largest producers of electronic devices. Samsung specializes in the production of a wide variety of consumer and industry electronics, including appliances, digital media devices, semiconductors, memory chips, and integrated systems. It has become one of the most-recognizable names in technology and produces about a fifth of South Korea’s total exports.
Samsung means “tristar” in English.Samsung was founded by Lee Byung-chul in 1938 as a trading company. Over the next three decades, the group diversified into areas including food processing, textiles, insurance, securities, and retail. Samsung entered the electronics industry in the late 1960s and the construction and shipbuilding industries in the mid-1970s; these areas would drive its subsequent growth. Following Lee’s death in 1987, Samsung was separated into four business groups – Samsung Group, Shinsegae Group, CJ Group and Hansol Group. Since 1990, Samsung has increasingly globalised its activities and electronics; in particular, its mobile phones and semiconductors have become its most important source of income. As of 2017, Samsung has the 6th highest global brand value.
Samsung is a major manufacturer of electronic components such as lithium-ion batteries, semiconductors, chips, flash memory and hard drive devices for clients such as Apple, Sony, HTC and Nokia. It is the world’s largest manufacturer of mobile phones and smartphones, started with the original Samsung Solstice
Samsung has a powerful influence on South Korea’s economic development, politics, media and culture and has been a major driving force behind the “Miracle on the Han River”. Its affiliate companies produce around a fifth of South Korea’s total exports.Samsung’s revenue was equal to 17% of South Korea’s $1,082 billion GDP.
With only 30,000 won (about $27 USD), Lee Byung-chull started Samsung on March 1 in 1938, as a trading company based in Taegu, Korea. The small company of only 40 employees started as a grocery store, trading and exporting goods produced in and around the city, like dried Korean fish and vegetables, as well as its own noodles.
The company grew and soon expanded to Seoul in 1947 but left once the Korean War broke out. After the war, Lee started a sugar refinery in Busan that was called Cheil Jedang, before expanding into textiles and building the (then) largest woolen mill in Korea.
The successful diversification became a growth strategy for Samsung, which rapidly expanded into the insurance, securities, and retail business. Samsung was focused on the redevelopment of Korea after the war with a central focus on industrialization.
Samsung entered the electronics industry in the 1960’s with the formation of several electronics focused divisions. The initial electronics divisions included Samsung Electronics Devices, Samsung Electro-Mechanics, Samsung Corning, and Samsung Semiconductor & Telecommunications. Samsung built their initial facilities in Suwon, South Korea, in 1970, where they started producing black and white television sets.
Between 1972 and 1979, Samsung began selling washing machines, changed to Samsung Petrochemical and then Samsung Heavy Industries, and by 1976, had sold its 1 millionth B&W television.
In 1977, they started exporting color TVs and established Samsung Construction, Samsung Fine Chemicals, and Samsung Precision Co. (now called Samsung Techwin). By 1978, Samsung had sold 4 million black and white television sets and started mass producing microwave ovens before 1980.
In 1980, Samsung acquired the Gumi-based Hanguk Jeonja Tongsin and entered telecommunications hardware. Its early products were switchboards. The facility was developed into the telephone and fax manufacturing systems and became the center of Samsung’s mobile phone manufacturing. They have produced over 800 million mobile phones to date.The company grouped them together under Samsung Electronics in the 1980s.
Samsung started to rise as an international corporation in the 1990s. Samsung’s construction branch was awarded contracts to build one of the two Petronas Towers in Malaysia, Taipei 101 in Taiwan and the Burj Khalifa in United Arab Emirates.In 1993, Lee Kun-hee sold off ten of Samsung Group’s subsidiaries, downsized the company, and merged other operations to concentrate on three industries: electronics, engineering and chemicals. In 1996, the Samsung Group reacquired the Sungkyunkwan University foundation.Samsung became the world’s largest producer of memory chips in 1992 and is the world’s second-largest chipmaker after Intel (see Worldwide Top 20 Semiconductor Market Share Ranking.n 2010, Samsung announced a ten-year growth strategy centered around five businesses. One of these businesses was to be focused on biopharmaceuticals, to which has committed ₩2 100,000,000,000
LCD and LED panels
By 2004 Samsung was the world’s-largest manufacturer of OLEDs, with a 40 percent market share worldwide,and as of 2018 has a 98% share of the global AMOLED market. The company generated $100.2 million out of the total $475 million revenues in the global OLED market in 2006. As of 2006, it held more than 600 American patents and more than 2,800 international patents, making it the largest owner of AMOLED technology patents.
Samsung’s current AMOLED smartphones use its Super AMOLED trademark, with the Samsung Wave S8500 and Samsung i9000 Galaxy S being launched in June 2010. In January 2011, it announced its Super AMOLED Plus displays – which offer several advances over the older Super AMOLED displays – real stripe matrix (50 percent more sub pixels), thinner form factor, brighter image and an 18 percent reduction in energy consumption.
Samsung’s flagship mobile handset line is the Samsung Galaxy S, which many consider a direct competitor of the Apple iPhone. It was initially launched in Singapore, Malaysia and South Korea in June 2010,followed by the United States in July. It sold more than one million units within the first 45 days on sale in the United States.
While many other handset makers focused on one or two operating systems, Samsung for a time used several of them: Symbian, Windows Phone, Linux-based LiMo, and Samsung’s proprietary Bada.By 2013 Samsung had dropped all operating systems except Android and Windows Phone. That year Samsung released at least 43 Android phones or tablets and two Windows Phones.
At the end of the third quarter of 2010, the company had surpassed the 70 million unit mark in shipped phones, giving it a global market share of 22 percent, trailing Nokia by 12 percent. Overall, the company sold 280 million mobile phones in 2010, corresponding to a market share of 20.2 percent.The company overtook Apple in worldwide smartphone sales during the third quarter 2011, with a total market share of 23.8 percent, compared to Apple’s 14.6 percent share. Samsung became the world’s largest cellphone maker in 2012, with the sales of 95 million smart phones in the first quarter
In 2010, market researcher IC Insights predicted that Samsung would become the world’s-biggest semiconductor chip supplier by 2014, surpassing Intel. For the ten-year period from 1999 to 2009, Samsung’s compound annual growth rate in semiconductor revenues was 13.5 percent, compared with 3.4 percent for Intel.
In 2009, Samsung sold around 31 million flat-panel televisions, enabling to it to maintain the world’s largest market share for a fourth consecutive year.Samsung launched its first full HD 3D LED television in March 2010.Samsung had showcased the product at the 2010 International Consumer Electronics Show (CES 2010) held in Las Vegas.n 2007, Samsung introduced the Internet TV, enabling the viewer to receive information from the Internet while at the same time watching conventional television programming. Samsung later developed “Smart LED TV” (now renamed to “Samsung Smart TV”), which additionally supports downloaded apps. In 2008, the company launched the Power Infolink service, followed in 2009 by a whole new Internet@TV. In 2010, it started marketing the 3D television while unveiling the upgraded Internet@TV 2010, which offers free (or for-fee) download of applications from its Samsung Apps Store, in addition to existing services such as news, weather, stock market, YouTube videos, and movies.
On 13 July 2017, an LED screen for digital cinema developed by Samsung Electronics was publicly demonstrated on one screen at Lotte Cinema World Tower in Seoul.
Partially owned companies of samsung
Samsung Heavy Industries owns 10% of the Brazilian shipbuilder Atlântico Sul, whose Atlântico Sul Shipyard is the largest shipyard in South America. The Joao Candido, Brazil’s largest ship, was built by Atlântico Sul with technology licensed by Samsung Heavy Industries.
DGB Financial Group
Samsung Life Insurance currently holds a 7.4% stake in the South Korean banking company DGB Financial Group, making it the largest shareholder.
Samsung acquired 7.4% of Gorilla Glass maker Corning, signing a long-term supply deal.
Samsung Heavy Industries currently holds a 14.1% stake in Doosan Engine, making it the second-largest shareholder.
Korea Aerospace Industries
Samsung Techwin currently holds a 10% stake in Korea Aerospace Industries (KAI). Other major shareholders include the state-owned Korea Finance Corporation (26.75%), Hyundai Motor (10%) and Doosan (10%).
MEMC’s joint venture with Samsung Electronics Company, Ltd. In 1990, MEMC entered into a joint venture agreement to construct a silicon plant in Korea.
Samsung buys 10% stake in rival phone maker Pantech.
Samsung currently owns 4.19% of Rambus Incorporated.
Renault Samsung Motors
Samsung currently owns 19.9% of the automobile manufacturer Renault Samsung Motors.
Samsung currently owns 9.6% of Seagate Technology, making it the second-largest shareholder. Under a shareholder agreement, Samsung has the right to nominate an executive to Seagate’s Board of Directors.
Samsung owns 3% of Sharp Corporation, a rival company.
Samsung Engineering holds a 10% stake in Sungjin Geotec, an offshore oil drilling company that is a subsidiary of POSCO.
Taylor Energy is an independent American oil company that drills in the Gulf of Mexico based in New Orleans, Louisiana.Samsung Oil & Gas USA Corp., subsidiaries of Samsung, currently owns 20% of Taylor Energy.
Samsung owns 5% of Wacom.
- Samsung For Today and Tomorrow (1993–2002)
- Everyone’s Invited (1999-2002)
- Samsung, Imagine (2002–2007)
- Samsung, Next Is What? (2007–2010)
- Samsung, Turn on Tomorrow (2010–2013)
- Samsung, The Next Is Now
- Samsung, The Next Big Thing is Here (2013–2017)
- Do bigger things
- Samsung, Do What You Can’t (2017 – present)