Samsung Electronics

This article is about the electronics subsidiary. For the conglomerate, see Samsung.

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; 55 years ago (1969-01-13) in Suwon, South Korea
HeadquartersSamsung Digital City [ko], Samsungno 129, Maetan-dong,
Yeongtong District, Suwon
,
South Korea[1]
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 (2023)
ParentSamsung
Subsidiaries
Websitesamsung.com
Footnotes / references
Financials as of fiscal year ended 31 December 2023.
References:[3]
Samsung Electronics quarterly results:
CE: Consumer electronics
DS: Device solutions
IM: IT & mobile communications

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] and has played a key role in the group's corporate governance due to cross ownership.[5] It is majority-owned by foreign investors.[6][7]

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.[8] It ranks as the world's largest manufacturer of smartphones since 2011 — most notably its Samsung Galaxy brand and its flagship Galaxy S series — and has also been the largest television manufacturer since 2006,[9] both of which include related software and services like Samsung Pay and TV Plus. The company pioneered the phablet form factor with the Galaxy Note family.[10] Samsung is also a major vendor of washing machines, refrigerators, computer monitors and soundbars.[11]

Samsung Electronics is also 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.[12][13] It is also the world's largest semiconductor memory manufacturer[14] and from 2017 to 2018, was the largest semiconductor company in the world, briefly dethroning Intel, the decades-long champion.[15] Samsung Electronics has assembly plants and sales networks in 74 countries and employs more than 270,000 people.[16]

  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. ^ "Ownership Structure │ Stock │ Investor Relations │ Samsung Global". Samsung global.
  7. ^ "Foreign ownership of Samsung Electronics Reaches All-time High of 57.33%". Businesskorea. 8 May 2019.
  8. ^ 박, 상수 (12 January 2020). "Samsung Electronics ranks 18th worldwide in market cap". Yonhap News Agency. Retrieved 10 June 2020.
  9. ^ "Samsung To Add LCD Cell Lines in Tangjeong". EETimes. Archived from the original on 22 July 2011. Retrieved 13 May 2010.
  10. ^ "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.
  11. ^ "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.
  12. ^ "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.
  13. ^ "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.
  14. ^ "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.
  15. ^ Vanian, Jonathan. "Samsung Dethrones Intel As World's Biggest Chip Maker". Fortune. Archived from the original on 29 July 2017. Retrieved 29 July 2017.
  16. ^ "Fast Facts: Samsung Global Newsroom". Samsung Electronics. Retrieved 7 July 2020.