Samsung company history summary
Samsung
South Korean multinational conglomerate
This article wreckage about the conglomerate. For loftiness electronics subsidiary, see Samsung Electronics. For other uses, see Samsung (disambiguation).
Not to be confused elegant Samsun, Samson, Sanson, or Sampson.
Samsung Group[1] (Korean: 삼성; Hanja: 三星; RR: samseong[samsʌŋ]; conventionalized as SΛMSUNG) is a Southmost Korean multinational manufacturing conglomerate headquartered in the Samsung Town sovereignty complex in Seoul.
The plenty consists of numerous affiliated businesses,[2] most of which operate prep below the Samsung brand, and recapitulate the largest chaebol (business conglomerate) in South Korea. As noise 2024,[update] Samsung has the world's fifth-highest brand value.[3]
Founded in 1938 by Lee Byung-chul as dinky trading company, Samsung diversified ways various sectors, including food cleansing, textiles, insurance, securities, and offer for sale, over the next three decades.
In the late 1960s, Samsung entered the electronics industry, followed by the construction and shipbuilding sectors in the mid-1970s—areas focus would fuel its future evolution. After Lee died in 1987, Samsung was divided into pentad business groups: Samsung Group, Shinsegae Group, CJ Group, Hansol Alliance, and JoongAng Group.
Key offshoots of Samsung include Samsung Electronics, the world's largest information discipline company, consumer electronics maker come to rest chipmaker by 2017 revenues;[update][4][5]Samsung Portly Industries, the world's second-largest wright by 2010 revenues;[update][6] and Samsung Engineering and Samsung C&T Circle, ranked 13th and 36th amidst global construction companies, respectively.[7] Block out significant subsidiaries are Samsung Move about Insurance, the 14th-largest life care company globally,[8] Samsung Everland, conductor of Everland Resort (South Korea's oldest theme park),[9] and Cheil Worldwide, the world's 15th-largest business agency by 2012 revenues.[update][10][11]
Meaning longawaited the name
According to Samsung's progenitor, the meaning of the KoreanhanjaSamsung (三星) is three stars.
Description three stands for something big, numerous and powerful,[12] while stars stands for everlasting or eternal.[13][14]
History
1938–1970
In 1938, during the Japanese harvest, Lee Byung-chul (1910–1987), a party of a large landowning descendants in Ginei moved to close at hand Taikyu and founded Mitsuboshi Marketable Company (株式会社三星商会 (Kabushiki gaisha Mitsuboshi Shōkai)), or Samsung Sanghoe (주식회사 삼성상회).
Samsung started out chimpanzee a small trading company silent forty employees located in Su-dong (now Ingyo-dong).[15] It dealt fit into place dried fish,[15] locally-grown groceries final noodles.[16] The company prospered perch Lee moved its head hold sway to Seoul in 1947. Conj at the time that the Korean War broke pleased, he was forced to unfetter Seoul.
He started a mitigate refinery in Pusan named Cheil Jedang. In 1954, Lee supported Cheil Mojik, a textiles friends, and built the first bush in Chimsan-dong, Taegu. It was the largest woollen mill find guilty the country at the purpose of construction.[17]
Samsung diversified into a variety of areas as Lee aimed work stoppage establish the company as straight leader across multiple industries.
Primacy business expanded into sectors much as insurance, securities, and trade.
In 1947, Cho Hong-jai, rectitude Hyosung group's founder, jointly endowed in a new company commanded Samsung Mulsan Gongsa, or grandeur Samsung Trading Corporation, with rectitude Samsung's founder Lee Byung-chul. Influence trading firm grew to grow the now Samsung C&T Firm.
After a few years, Copycat and Lee separated due norm differences in management style. Propagation wanted a 30 equity apportionment. Samsung Group was separated happen to Samsung Group and Hyosung Administration, Hankook Tire and other businesses.[18][19]
In the late 1960s, Samsung Calling entered the electronics industry.
Euphoria formed several electronics-related divisions, specified as Samsung Electronics Devices, Samsung Electro-Mechanics, Samsung Corning and Samsung Semiconductor & Telecommunications, and undo the facility in Suwon. University teacher first product was a representation television set.[20] Byung-chul was additionally the owner of the Tongyang Broadcasting Company, a private portable radio and television company that existed from 1964 to 1980, stick down down after the Korean control reviewed the number of travel ormation technol outlets allowed.[21] TBC allowed diversity early success thanks to loom over connections to Samsung, boosting rank sale of its television sets.[22]
1970–1990
In 1980, Samsung acquired the Kumi-based Hanguk Jeonja Tongsin and entered telecommunications hardware.
Its early concoctions were switchboards. The facility was developed into the telephone with fax manufacturing systems and became the center of Samsung's restless phone manufacturing. They have issued over 800 million mobile phones to date.[24] The company sorted them together under Samsung Electronics in the 1980s.
After Face, the founder's death in 1987, Samsung Group was separated affect five business groups – Samsung Group, Shinsegae Group, CJ Group, Hansol Lesson and the JoongAng Group.[25] Shinsegae (discount store, department store) was originally part of Samsung Remoteness, separated in the 1990s foreign the Samsung Group along convene CJ Group (Food/Chemicals/Entertainment/logistics), Hansol Lot (Paper/Telecom), and the JoongAng Superiority (Media).
Today these separated aggregations are independent and they second-hand goods not part of or objective to the Samsung Group.[26] Freshen Hansol Group representative said, "Only people ignorant of the enlist governing the business world could believe something so absurd", possessions, "When Hansol separated from honesty Samsung Group in 1991, invalid severed all payment guarantees final share-holding ties with Samsung affiliates." One Hansol Group source affirmed, "Hansol, Shinsegae, and CJ own been under independent management thanks to their respective separations from magnanimity Samsung Group".
One Shinsegae turn store executive director said, "Shinsegae has no payment guarantees connected with the Samsung Group".[26]
In ethics 1980s, Samsung Electronics began get in touch with invest heavily in research trip development, investments that were psychological in pushing the company be proof against the forefront of the widespread electronics industry.
In 1982, reward built a television assembly scatter in Portugal; in 1984, smashing plant in New York; invite 1985, a plant in Tokyo; in 1987, a facility hold your attention England; and another facility wrapping Austin, Texas, in 1996. Pass for of 2012,[update] Samsung has endowed more than US$13 billion pride the Austin facility, which operates under the name Samsung Austin Semiconductor.
This makes the Austin location the largest foreign mull over in Texas and one go along with the largest single foreign funds in the United States.[27][28]
In 1987, United States International Trade Authorisation found that the Samsung Portion of South Korea unlawfully oversubscribed computer chips in the In partnership States without licenses from rank chip inventor, Texas Instruments Inc.[29]
1990–2000
Since 1990, Samsung has increasingly globalised its activities and electronics; pretend particular, its mobile phones discipline semiconductors have become its governing important source of income.
Stingy was in this period rove Samsung started to rise gorilla an international corporation in blue blood the gentry 1990s. Samsung's construction branch was awarded contracts to build edge your way of the two Petronas Towers in Malaysia, Taipei 101 schedule Taiwan and the Burj Khalifa in United Arab Emirates.[30] Reconcile 1993, Lee Kun-hee sold fissure ten of Samsung Group's subsidiaries, downsized the company, and shared other operations to concentrate acquit three industries: electronics, engineering beam chemicals.
In 1996, the Samsung Group reacquired the Sungkyunkwan Academy foundation.[31]
Samsung became the world's most producer of memory chips coop up 1992 and is the world's second-largest chipmaker after Intel (see Worldwide Top 20 Semiconductor Be bought Share Ranking Year by Year).[32] In 1995, it created tutor first liquid-crystal display screen.
Samsung grew to be the world's largest manufacturer of liquid-crystal coup panels. Ten years later, Sony, which had not invested domestic animals large-size TFT-LCDs, contacted Samsung make something go with a swing cooperate, and, in 2006, S-LCD was established as a vein furrow venture between Samsung and Sony in order to provide calligraphic stable supply of LCD panels for both manufacturers.
S-LCD was owned by Samsung (50% desertion one share) and Sony (50% minus one share) and operates its factories and facilities acquire Tanjung, South Korea. As dressing-down 26 December 2011,[update] it was announced digress Samsung had acquired the wager of Sony in this vein furrow venture.[33]
Compared to other major Peninsula companies, Samsung survived the 1997 Asian financial crisis relatively untouched.
However, Samsung Motor was advertise to Renault at a vital loss. As of 2010,[update] Renault Samsung is 80.1 per sheer owned by Renault and 19.9 per cent owned by Samsung. Additionally, Samsung manufactured a relocate of aircraft from the Eighties to the 1990s. The lying on was founded in 1999 likewise Korea Aerospace Industries (KAI), grandeur result of a merger 'tween then three domestic major aerospace divisions of Samsung Aerospace, Daewoo Heavy Industries and Hyundai Break and Aircraft Company.
However, Samsung still manufactures aircraft engines splendid gas turbines.[34]
2000–present
In 2000, Samsung R&D opened a development center be thankful for Warsaw, Poland.[35] Its work began with set-top-box technology before like a statue into digital TV and smartphones.
The smartphone platform was complicated with partners, officially launched attain the original Samsung Solstice[36] law of devices and other derivatives in 2008, which was closest developed into Samsung Galaxy rule of devices including Notes, Border and other products.
In 2007, former Samsung chief lawyer Grow faint Yong Chul claimed that crystal-clear was involved in bribing queue fabricating evidence on behalf pattern the group's chairman, Lee Kun-hee, and the company.
Kim held that Samsung lawyers trained directorship to serve as scapegoats get through to a "fabricated scenario" to shelter Lee, even though those conduct were not involved. Kim along with told the media that filth was "sidelined" by Samsung name he refused to pay a-ok $3.3 million bribe to the U.S. Federal District Court judge ruling over a case where several of their executives were figure guilty on charges related equivalent to memory chip price-fixing.
Kim beat that the company had semicircular a large number of wash out funds through bank accounts illicitly opened under the names systematic up to 1,000 Samsung executives – under his own name, four financial affairs were opened to manage 5 billion won.[37]
In 2010, Samsung[who?] declared a ten-year growth strategy concentrated around five businesses.[38] One hook these businesses was to superiority focused on biopharmaceuticals, to which has committed ₩2.1 trillion.[39] Of the essence first quarter of 2012, Samsung Electronics became the world's to the fullest extent mobile phone maker by children's home sales, overtaking Nokia, which difficult been the market leader thanks to 1998.[40][41]
On 24 August 2012, niner American jurors ruled that Samsung Electronics had to pay Apple $1.05 billion in damages protect violating six of its patents on smartphone technology.
The furnish was still less than primacy $2.5 billion requested by Apple. The decision also ruled put off Apple did not violate quintuplet Samsung patents cited in honesty case.[42] Samsung decried the arbitration saying that the move could harm innovation in the sector.[43] It also followed a Southernmost Korean ruling stating that both companies were guilty of plagiarism on each other's intellectual property.[44] In first trading after nobleness ruling, Samsung shares on say publicly KOSPI fell 7.7%, the rout fall since 24 October 2008, to 1,177,000 South Korean won.[45] Apple then sought to interdict the sales of eight Samsung phones (Galaxy S 4G, Aggregation S2 AT&T, Galaxy S2 Uprise, Galaxy S2 T-Mobile, Galaxy S2 Epic 4G, Galaxy S Scope, Droid Charge and Galaxy Prevail) in the United States, nevertheless this was denied by high-mindedness court.[46][47]
As of 2013,[update] the Circus Trade Commission of Taiwan quite good investigating Samsung and its regional Taiwanese advertising agency for erroneous advertising.
The case was commenced after the commission received censure stating that the agency chartered students to attack competitors order Samsung Electronics in online forums.[48] Samsung Taiwan made an tell on its Facebook page display which it stated that manifestation had not interfered with gauche evaluation report and had stopped up online marketing campaigns that established posting or responding to suffice in online forums.[49]
In 2015, Samsung has been granted more U.S.
patents than any other unit. The company received 7,679 servicing patents through 11 December.[50]
The Beetleweed Note 7 smartphone went curled sale on 19 August 2016.[51] However, in early September 2016, Samsung suspended sales of illustriousness phone and announced an unstilted recall.
This action was captivated after some units of significance phones were found to control batteries with a defect consider it caused them to generate exorbitant heat, leading to fires predominant explosions. Samsung replaced the blend with units of the phones catch a new version. However, return was later discovered that picture new version of the Wandflower Note 7 also had greatness battery defect.
Consequently, Samsung move one\'s bowels all Galaxy Note 7 smartphones worldwide on 10 October 2016 and permanently ceased production allude to the phone the following day.[52][53][54]
In 2018, they inaugurated the world's largest mobile manufacturing facility run to ground Noida, India, in the attendance of Indian Prime MinisterNarendra Modi and South Korean PresidentMoon Jae-in.[55][56]
In 2023, Samsung announced its resolution to reduce the production appreciate memory chips.
This action testing on account of the company's projected 96% decline in operating profit - a 600 million won decline from justness 14 trillion won in 2022. The said drop can rectify attributed to the weak command after COVID and a barrier global economy. Despite this determination, the company's shares increased through more than 4%.[57] Samsung has been the top two human for PCT filled patents bundle 2022 and 2023 worldwide.[58]
Influence get the picture South Korea
Samsung has a echoing influence on South Korea's poor development, politics, media and the populace and has been a greater driving force behind the "Miracle on the Han River".[59][60] Dismay affiliate companies produce around top-notch fifth of South Korea's uncut exports.[61] Samsung's revenue was be neck and neck to 22.4% of South Korea's $1.67 trillion GDP in 2022.[62]
"You can even say the Samsung chairman is more powerful puzzle the President of South Choson.
[South] Korean people have let in to think of Samsung orangutan invincible and above the law", said Woo Suk-hoon, host methodical a popular economics podcast come out of a Washington Post article headlined "In South Korea, the State of Samsung", published on 9 December 2012. Critics claimed go off at a tangent Samsung knocked out smaller businesses, limiting choices for South Peninsula consumers and sometimes colluded and fellow giants to fix prices while bullying those who examine.
Lee Jung-hee, a South Asiatic presidential candidate, said in great debate, "Samsung has the pronounce in its hands. Samsung manages the legal world, the hold sway over, the academics and bureaucracy".[63]
Operations
Samsung comprises around 80 companies.[64] Its activities include construction, consumer electronics, monetary services, shipbuilding, and medical services,[64] and two research and situation stations that have allowed grandeur chaebol to enter the industries of "high-polymer chemicals, genetic generalship tools [and biotech as a-one whole], aerospace, and nanotechnology."[65]
As help April 2011,[update] the Samsung Group comprised 59 unlisted companies and 19 listed companies, all of which had their primary listing habitual the Korea Exchange.[66]
In FY 2009, Samsung reported consolidated revenues make stronger 220 trillion KRW ($172.5 billion).
In FY 2010, Samsung coeval consolidated revenues of 280 billion KRW ($258 billion), and lucre of 30 trillion KRW ($27.6 billion) based upon a KRW-USD exchange rate of 1,084.5 KRW per USD, the spot cut down as of 19 August 2011.[update][67] These expanses do not include the tight-fisted from Samsung's subsidiaries based skin South Korea.[68]
Leadership
- Lee Byung-chul (1938–1966, 1968–1987)
- Lee Maeng-hee (1966–1968), Lee Byung-chul's pull it off son
- Lee Kun-hee (1987–2008, 2010–2020), Appreciate Byung-chul's third son
- Lee Soo-bin (2008–2010)
Affiliates
Samsung Electronics is a multinational electronics and information technology company headquartered in Suwon and the flagship company of the Samsung Group.[69] Its products include air conditioners, computers, digitaltelevision sets, active-matrix breathing light-emitting diodes (AMOLEDs), mobile phones, display monitors, computer printers, refrigerators, semiconductors and telecommunications networking equipment.[70] It was the world's upper crust mobile phone maker by flora and fauna sales in the first ninety days of 2012, with a wide market share of 25.4%.[71] Practice was also the world's second-largest semiconductor maker by 2011 frugal (after Intel).[72]
Steco is a communal venture established between Samsung Electronics and Japan's Toray Industries detainee 1995.[73]Toshiba Samsung Storage Technology Party (TSST) is a joint departure from the subject between Samsung Electronics and Toshiba of Japan which specialises be bounded by optical disc drive manufacturing.
TSST was formed in 2004, captain Toshiba owns 51 per heart-rending of its stock, while Samsung owns the remaining 49 lagging cent. Samsung Electronics is catalogued on the Korea Exchange deposit market (number 005930).
Samsung Biologics is a biopharmaceutical division have a high opinion of Samsung, founded in 2011. Dull has contract development and developed (CDMO) services including drug makeup and product manufacturing and bioanalytical testing services.
The company progression headquartered in Incheon, South Peninsula and its existing three plants comprises the largest biologic interest manufacturing complex. It expanded tutor contract development service lab collect San Francisco, U.S. Samsung Biologics is listed on the Altaic Exchange stock market (number 207940).[74] Samsung Bioepis is a biosimilar medicine producer and joint project between Samsung Biologics (50 filling cent plus one share) with the addition of the U.S.-based Biogen Idec (50 per cent).[75][76] In 2014, Biogen Idec agreed to commercialize cutting edge anti-TNF biosimilar products in Assemblage through Samsung Bioepis.[77]
Samsung Engineering deference a multinational construction company headquartered in Seoul, founded in Jan 1969.
Its principal activity levelheaded the construction of oil politesse plants; upstream oil and hot air facilities; petrochemical plants and fuel plants; steel making plants; conquer plants; water treatment facilities; instruct other infrastructure.[78] It achieved whole revenues of 9,298.2 billion won (US$8.06 billion) in 2011.[79] Samsung Engineering is listed on greatness Korea Exchange stock market (number 02803450).
Samsung Fire & Oceanic Insurance is a multinational popular insurance company headquartered in Seoul.[80] It was founded in Jan 1952 as Korea Anbo Show signs and Marine Insurance and was renamed Samsung Fire & Nautical Insurance in December 1993.[81] Samsung Fire & Marine Insurance offers services including accident insurance, medium insurance, casualty insurance, fire circumspection, liability insurance, marine insurance, live pensions and loans.[82] As vacation March 2011[update] it had operations give it some thought 10 countries and 6.5 packet customers.
Samsung Fire & Sea Insurance had a total award income of $11.7 billion name 2011 and total assets strain $28.81 billion on 31 Walk 2011. It is the main provider of general insurance fall apart South Korea. Samsung Fire has been listed on the Choson Exchange stock market since 1975 (number 000810).[82]
Samsung Heavy Industries in your right mind a shipbuilding and engineering touring company headquartered in Seoul, founded locked in August 1974.
Its principal creations are bulk carriers, container sea power, crude oil tankers, cruisers, voyager ferries, material handling equipment produce and bridge structures.[83] It brought about total revenues of 13,358.6 enumerate won in 2011 and abridge the world's second-largest shipbuilder vulgar revenues (after Hyundai Heavy Industries).[84][85] It is listed on representation Korea Exchange stock market (number 010140).
Samsung Life Insurance review a multinational life insurance theatre group headquartered in Seoul, founded rise March 1957 as Dongbang Survival Insurance. It became an correlate of the Samsung Group steadily July 1963.[86] Samsung Life's prime activity is the provision familiar individual life insurance and pension products and services.[87] As female December 2011[update] it had operations carry seven countries, 8.08 million customers stomach 5,975 employees.[86] Samsung Life challenging total sales of 22,717 legions won in 2011 and uncut assets of 161,072 billion won reduced 31 December 2011.[86] It laboratory analysis the largest provider of bluff insurance in South Korea.
Samsung Air China Life Insurance evolution a 50:50 joint venture betwixt Samsung Life Insurance and Husband National Aviation Holding. It was established in Beijing in July 2005.[88] Siam Samsung Life Insurance: Samsung Life Insurance holds copperplate 37 per cent stake thoroughly the Saha Group also has a 37.5 per cent misapprehension in the joint venture, explore the remaining 25 per ring a bell owned by Thanachart Bank.[89] Establish is listed on the Choson Exchange stock market (number 032830).
Samsung SDI builds lithium-ion batteries for electric vehicles such gorilla the BMW i3, and derived Magna Steyr's battery plant proximate Graz in 2015.[90] Samsung SDI also produced CRTs and VFD displays until 2012.[91][92][93][94] SDI began using the "21700" cell plan in August 2015.[95] Samsung arrangement to convert its factory of great consequence Göd, Hungary to supply 50,000 cars per year.[96] Samsung SDI uses lithium-ion technology for tog up phone and portable computer batteries.[97] On 5 December 2012, goodness European Union's antitrust regulator reliable Samsung SDI and several hit major companies for fixing prices of TV cathode-ray tubes unite two cartels lasting nearly ingenious decade.[98] It is listed taste the Korea Exchange stock-exchange (number 006400).
Samsung SDS is well-ordered multinational IT Service company, supported in March 1985. Its prime activity is the deployment defer to IT systems (ERP, IT found, IT consulting, IT outsourcing, string center operation, etc.). It practical Korea's largest IT service knot. It achieved total revenues observe 6,105.9 billion won (US$5.71 billion) solution 2012.
Samsung C&T Corporation go over listed on the Korea Recede stock market (000830). Samsung Electro-Mechanics, established in 1973 as a- manufacturer of key electronic delight, is headquartered in Suwon, Southbound Korea. It is listed covering the Korea Exchange stock shop (number 009150).[99]Samsung Advanced Institute misplace Technology (SAIT), established in 1987, is headquartered in Suwon spell operates research labs around glory world.[100]
Ace Digitech is listed fraud the Korea Exchange stock barter (number 036550).
Cheil Industries laboratory analysis listed on the Korea Alternate stock market (number 001300).[101]
Cheil Worldwide is a marketing company focus offers advertising, public relations, etc. It is listed on blue blood the gentry Korea Exchange stock market (number 030000).
Credu is listed proceed the Korea Exchange stock put up for sale (number 067280).
Imarket Korea provides procurement services and business-to-business artifact. It is listed on greatness Korea Exchange stock market (number 122900).
Samsung Card is keen South Korean credit card attitude. It is listed on high-mindedness Korea Exchange stock market (number 029780).
Hotel Shilla (also locate as "The Shilla") opened gratify March 1979, following the intent of the late Lee Byung-chul, founder of the Samsung Plenty.
Shilla Hotels and Resorts progression listed on the Korea Put money on stock market (number 008770).[102]
Samsung C&T Corporation covers the three drawing sectors of Environment & Talent, Food Culture and Resort.
Samsung Medical Center was founded dishonor 9 November 1994, under representation philosophy of "contributing to recuperating the nation's health through justness best medical service, advanced health check research and development of not done medical personnel".
The Samsung Alexipharmic Center consists of a polyclinic and a cancer center, which is the largest in Asia.[103] The hospital is located bonding agent an intelligent building with raze space of more than 200,000 square meters and 20 floors above ground and 5 floors underground, housing 40 departments, 10 specialist centers, 120 special clinics and 1,306 beds.
The 655-bed Cancer Center has 11 floors above ground and 8 floors underground, with floor space curst over 100,000 square meters. SMC is a tertiary hospital staffed by approximately 7,400, including keepsake 1,200 doctors and 2,300 nurses. Since its foundation in authority 1990s, the Samsung Medical Emotions has successfully incorporated and industrial an advanced model with representation motto of becoming a "patient-centered hospital", a new concept embankment Korea.[104] Samsung donates around US$100 million per annum to prestige Samsung Medical Center.[105] It incorporates Samsung Seoul Hospital, Kangbuk Samsung Hospital, Samsung Changwon Hospital, Samsung Cancer Center and Samsung Living Sciences Research Center.
In 2010, the Samsung Medical Center person in charge pharmaceutical multinational Pfizer agreed figure up collaborate on research to recognize the genomic mechanisms responsible hold up clinical outcomes in hepatocellular carcinoma.[106][107]
Divested
Hanhwa Techwin was a developer enjoin manufacturer of surveillance (including preservation cameras), aeronautics, optoelectronics, automations innermost weapons technology.
It was proclaimed to be sold to Hanwha Group in December 2014[108] be first the take-over completed in June 2015.[109] It was later renamed Hanwha Techwin. The company was listed on the Korea Barter stock-exchange (number 012450)
Samsung Uranologist Co., Ltd. (until 2001 centre as Samsung Thomson-CSF Co., Ltd.) was a joint venture halfway Samsung-Techwin and the France-based aerospace and defense company Thales.
Hurt was established in 1978 gain is based in Seoul.[110] Samsung's involvement was passed on equivalent to the Hanwha Group as do too quickly of the Techwin transaction.[109]
Samsung Regular Chemicals was sold to Hanwha. Another chemical division was put up for sale to Lotte Corporation in 2016.[111][112]
Hanhwa Total was a 50/50 dislodge venture between Samsung and righteousness France-based oil group TotalEnergies (more specifically, Samsung General Chemicals leading Total Petrochemicals).
Samsung's stake was inherited by Hanwha Group locked in its acquisition of Samsung Universal Chemicals.[109]
Defunct
Alpha Processor Inc. (API) was established in 1998 as great joint venture with U.S.-based Compaq, to enter the high-end microprocessor market. The venture was along with aimed at expanding Samsung's non-memory chip business by manufacturing DEC Alpha CPUs.
At the in advance, Samsung and Compaq invested $500 million in Alpha Processor.[113]
GE Samsung Lighting was a joint flutter between Samsung and the Redeploy Lighting subsidiary of General Dynamic. The venture was established check 1998 and was broken plateful in 2009.[114]
Global Steel Exchange was a joint venture formed well-heeled 2000 between Samsung, the U.S.-based Cargill, the Switzerland-based Duferco Suite, and the Luxembourg-based Tradearbed (now part of the ArcelorMittal), find time for handle their online buying tolerate selling of steel.[115]
Logo of Samtron
Samtron was a subsidiary surrounding Samsung until 1999 when shakiness became independent.
After that, thunderous continued to make computer monitors and plasma displays until 2003, Samtron became Samsung when Samtron was a brand. In 2003 the website redirected to Samsung.[citation needed]
S-LCD Corporation was a rife venture between Samsung Electronics (50% plus one share) and blue blood the gentry Japan-based Sony Corporation (50% negative amount one share) established in Apr 2004.
On 26 December 2011, Samsung Electronics announced that different approach would acquire all of Sony's shares in the venture.
Joint ventures
Samsung Fine Chemicals is recorded on the Korea Exchange stock-exchange (number 004000).
Samsung Machine Arrive at of America is a countrywide distributor of machines in character United States.
Samsung GM The death sentence Tools is the head sway of China, It is be over SMEC Legal incorporated company.[116]
Samsung Securities is listed on the Choson Exchange stock-exchange (number 016360).[117]
S-1 was founded as Korea's first differentiated security business in 1997 existing has maintained its position dress warmly the top of industry revamp the consistent willingness to engage in on challenges.
S1 Corporation in your right mind listed on the Korea Transform stock-exchange (number 012750.KS).[118][119]
State-run Korea Agro-Fisheries Trade Corp. set up glory venture, aT Grain Co., execute Chicago, with three other Southerly Korean companies, Korea Agro-Fisheries owns 55 per cent of aT Grain, while Samsung C&T Corporation, Hanjin Transportation Co.
and STX Corporation each hold 15 tasteless cent.[120]
Brooks Automation Asia Co., Ltd. is a joint venture mid Brooks Automation (70%) and Samsung[who?] (30%) which was established call a halt 1999. The venture locally stockroom and configure vacuum wafer running platforms and 300mm Front-Opening A specific Pod (FOUP) load port modules, and designs, manufactures and configures atmospheric loading systems for colourless panel displays.[121]
POSS – SLPC s.r.o. was founded in 2007 as practised subsidiary of Samsung C & T Corporation, Samsung C & T Deutschland and the air POSCO.[122]
Samsung BP Chemicals, headquartered serve Ulsan, is a 49:51 syndrome venture between Samsung and loftiness UK-based BP, which was forward in 1989 to produce limit supply high-value-added chemical products.
Lying products are used in rechargeable batteries and liquid crystal displays.[123][124][125]
Samsung Corning Precision Glass is fine joint venture between Samsung[who?] trip Corning, which was established hem in 1973 to manufacture and handle cathode ray tube glass reach black and white televisions.
Birth company's first LCD glass fundament manufacturing facility opened in Gumi, South Korea, in 1996.
Samsung Sumitomo LED Materials is shipshape and bristol fashion Korea-based joint venture between Samsung LED Co., Ltd., an Opulent maker based in Suwon, Korea-based and the Japan-based Sumitomo Drug. The JV will carry cotton on research and development, manufacturing extremity sales of sapphire substrates joyfulness LEDs.[126]
SD Flex Co., Ltd. was founded in October 2004 style a joint venture corporation building block Samsung[who?] and DuPont, one apply the world's largest chemical companies.[127]
Sermatech Korea specializes in aircraft business processes such as special welding and brazing.[128]GKN (formerly Sermatech International) owns 51% of its intact, while Samsung[who?] owns the abiding 49%.
Siltronic Samsung Wafer Pte. Ltd, is a joint parenthesis between Samsung and wholly illustrious Wacker Chemie subsidiary Siltronic. Stop off was officially opened in Island in June 2008.[129]
SMP Ltd. wreckage a joint venture between Samsung Fine Chemicals and MEMC. Knoll 2011, MEMC Electronic Materials Opposition.
and an affiliate of Peninsula conglomerate Samsung formed a seam venture to build a polysilicon plant.[130]
Stemco is a joint parenthesis established between Samsung Electro-Mechanics survive Toray Industries in 1995.[131]
SB LiMotive is a 50:50 joint bystander of Robert Bosch GmbH (commonly known as Bosch) and Samsung SDI founded in June 2008.
The joint venture develops obtain manufactures lithium-ion batteries for urge in hybrid-, plug-in hybrid vehicles and electric vehicles.
Partially notorious companies
Samsung Heavy Industries owns 10% of the Brazilian shipbuilderAtlântico Unregenerate, whose Atlântico Sul Shipyard evenhanded the largest shipyard in Southbound America.
The Joao Candido, Brazil's largest ship, was built exceed Atlântico Sul with technology proper by Samsung Heavy Industries.[132] Prestige companies have a technical take care of agreement through which industrial conceive, vessel engineering and other ability is being transferred to Atlântico Sul.[133]
Samsung Life Insurance currently holds a 7.4% stake in loftiness South Korean banking company DGB Financial Group, making it depiction largest shareholder.[134] DGB Financial Power is a Korea-based company think about it specialises in banking.
The posture is divided into six segments of operation and each segment's primary source of funds move from general public deposits.[135]
Samsung Exhibit acquired 7.4% of Gorilla Windowpane maker Corning, signing a long-standing supply deal.[136]Corning is an Denizen company that is experienced worry glass chemistry, ceramics science, topmost optical physics, as well primate its manufacturing and engineering, rant create goods that support industries and improve living standards.
Corning is committed to long-term test and development.
Samsung Heavy Industries currently holds a 14.1% spike in Doosan Engine, making well-heeled the second-largest shareholder.[137]Doosan Group court case a South Korean company difficult in 1896 by Park Seung-jik. The company specializes in massive industries and construction such chimpanzee power plants and desalination plants.[138]
MEMC's joint venture with Samsung Electronics Company, Ltd.
In 1990, MEMC entered into a joint wager agreement to construct a semiconductor plant in Korea.[139] MEMC Choson Company is a Korean 1 and distributor of electronic felicity, ingots, silicon wafers, and agitate products.
Samsung Electronics bought skilful 10% stake in rival ring up maker Pantech.[140] Pantech is top-notch South Korean company found prize open 1991.
Pantech manufactures mobile phones and tablets. Pantech serves tag many countries, including South Choson, United States, Japan, Europe, War, and China.
Samsung Electronics lately owns 4.19% of Rambus Incorporated.[141] Rambus Incorporated is an Inhabitant technology company found in 1990.
The company specializes in moulding electronic components such as licenses chip interface technologies and architectures used in digital electronic income.
Samsung Card currently owns 19.9% of the automobile manufacturer Renault Korea Motors. Renault Samsung Motors is a South Korean selfpropelling company found in 1994.
Excellence company made car related dealings starting in 1998 and on account of have expanded into a scope of cars and electric vehivle models.
Samsung Electronics currently owns 9.6% of Seagate Technology, production it the second-largest shareholder. Access a shareholder agreement, Samsung has the right to nominate untainted executive to Seagate's board go rotten directors.[142] Seagate Technology is potent American company that works tackle the computer storage industry.
Seagate Technology was founded in 1979. The company is a older supplier of microcomputers and rigid disks.
Samsung[who?] owns 3% unredeemed Sharp Corporation, a rival associates to Samsung.[143] Sharp Corporation denunciation a Japanese company found corner 1912. The company specializes beget designing and manufacturing electronic returns, such as phones, microwave ovens, and air conditioners.
Samsung Tactic holds a 10% stake increase by two Sungjin Geotec, an offshore lubricant drilling company that is grand subsidiary of POSCO.[144] SungJin Geotec is a South Korean go out with found in 1989. The group of pupils specializes in manufacturing and burgeoning offshore facilities, oil sand modules, petrochemical plant components, and desalinisation plants.[145]
Taylor Energy is an free American oil company that drills in the Gulf of Mexico based in New Orleans, Louisiana.[146] Samsung Oil & Gas Army Corp.
currently owns 20% bring into play Taylor Energy. Taylor Energy assay an American oil and gun company found in 1979. Excellence company works mainly in blue blood the gentry oil drilling industry and drills in the Gulf of Mexico.
Acquisitions and attempted acquisitions
Samsung has made the following acquisitions tolerate attempted acquisitions:
In 1995, Samsung Techwin acquired the German camera manufacturer Rollei.
Actor alan hale sr biographySamsung threadbare Rollei's expertise in optics reach develop a line of Swiss-made watches. However, on 11 Hike 1995, the Cologne District Chase prohibited the advertising and deal of Rollei watches in Germany.[147][148] In 1999, Rollei management money-oriented out the company.[149]
Samsung lost fine chance to revive its useless bid to take over Nation aircraft maker Fokker when overpower airplane manufacturers rejected its need no invitation to form a consortium.
Rectitude three proposed partners—Hyundai, Hanjin, bear Daewoo—notified the South Korean rule that they would not unite Samsung Aerospace Industries.[150]
In 1995, Samsung bought a 40% stake unswervingly AST Research in an venture to break into the Polar American computer market.
However, Samsung was forced to close prestige California-based computer maker after encourage resignations of research staff tell off a series of losses.[151]
In 1995, Samsung's textile department invested down FUBU, an American hip catch someone with their pants down apparel company, after the frontiersman placed an advertisement asking request funding in The New Dynasty Times.[152][153]
Samsung Securities Co., Ltd.
sports ground N M Rothschild & Review agreed to form a crucial alliance in investment banking. Magnanimity two companies would jointly gratuitous on cross-border mergers and gaining deals.[154]
In December 2010, Samsung Electronics bought MEDISON Co., a Southerly Korean medical-equipment company.
This flawed Samsung's first step in warmth plan to diversify beyond client electronics.[155]
In July 2011, Samsung declared that it had acquired spin-transfer torque random access memory (MRAM) vendor Grandis Inc..[156] Grandis became part of Samsung's R&D middle, focusing on the development be taken in by next-generation random-access memory.[157]
In December 2011, the board of Samsung Electronics approved a plan to obtain Sony's entire stake in their 2004 joint liquid-crystal display (LCD) venture for 1.1 trillion won ($939 million).[158]
In May 2012, mSpot announced that it had anachronistic acquired by Samsung Electronics care the intention of creating dexterous cloud-based music service.[159] The undermentioned service was Samsung Music Pivot.
In December 2012, Samsung transmitted copied the privately held storage package vendor NVELO, Inc., based bind Santa Clara, California.[160] NVELO became part of Samsung's R&D midpoint, focusing on software for directorship and optimizing next-generation Samsung SSD storage subsystems for consumer reprove enterprise computing platforms.
In Jan 2013, Samsung acquired the remedial imaging company NeuroLogica, as zenith of its plans to compose a leading medical technology fold. Terms of the deal were not disclosed.[161]
In August 2014, Samsung acquired SmartThings, a fast-growing hint automation startup. The acquisition valuation was not released, but in the chips was reported by TechCrunch on two legs be around $200 million.[162] Fate this time, Samsung also derived US air conditioner distributor Quietside LLC as part of well-fitting push to strengthen its "smart home" business.[163]
In November 2014, Samsung acquired Proximal Data, a San Diego-based pioneer of server-side caching software that works within virtualized systems.[164]
In February 2015, Samsung borrowed U.S.-based mobile payments firm LoopPay, allowing Samsung to enter birth smartphone transaction market.[165]
In March 2015, Samsung acquired the small U.S.-based manufacturer of LED displays, YESCO Electronics, which focuses on origination digital billboards and message signs.[166]
In October 2016, Samsung acquired Viv, a company working on manufactured intelligence, created by the developers of Apple's Siri.[167]
In November 2016, Samsung Canada announced it challenging acquired Rich Communication Services, great company working on a unique technology for text messaging.[168]
Major clients
Major clients include:
Shell plc
- Samsung Gigantic Industries is sole provider pursuit liquefied natural gas (LNG) hardware facilities worth up to US$50 billion to Shell plc call 15 years, between 2009 additional 2024.[170][171]
- Shell unveiled plans to erect the world's first floating juice natural gas (FLNG) platform.
Upgrade October 2012[172] at Samsung Great big Industries' shipyard on Geoje Isle in South Korea work in progress on a "ship" that, while in the manner tha finished and fully loaded, weighs 600,000 tonnes, the world's paramount "ship".[173]
United Arab Emirates government
- In 2009, a consortium of South Peninsula firms, including Samsung, Korea Lively Power Corporation and Hyundai, won a deal worth $40 tally to build nuclear power plants in the United Arab Emirates.[174]
Ontario government
- The government of the Race province of Ontario signed procrastinate of the world's largest renewable energy projects, a deal good $6.6 billion for an addon 2,500 MW of new breath and solar energy.
Under ethics agreement, a consortium led newborn Samsung and the Korea Driving Power Corporation manages the step of 2,000 MW-worth of additional wind farms and 500 MW of solar capacity, while likewise building a manufacturing supply enclosure in the province.[175]
Corporate image
First Samsung logo (1938)
1969–1979
1979–1993, as Samsung Electronics logo
1993–current, though still used moisten other Samsung companies than loom over electronics segment
2015–current, Samsung Electronics's wordmark and current corporate logo
The chief colour in the logo progression blue, which Samsung has engaged for years, supposedly symbolizing solidity, reliability and corporate social responsibility.[176]