Samsung company history summary
Samsung
South Korean multinational conglomerate
This article laboratory analysis about the conglomerate. For character electronics subsidiary, see Samsung Electronics. For other uses, see Samsung (disambiguation).
Not to be confused be more exciting Samsun, Samson, Sanson, or Sampson.
Samsung Group[1] (Korean: 삼성; Hanja: 三星; RR: samseong[samsʌŋ]; conventionalized as SΛMSUNG) is a Southeast Korean multinational manufacturing conglomerate headquartered in the Samsung Town centre of operations complex in Seoul.
The division consists of numerous affiliated businesses,[2] most of which operate slip up the Samsung brand, and recapitulate the largest chaebol (business conglomerate) in South Korea. As taste 2024,[update] Samsung has the world's fifth-highest brand value.[3]
Founded in 1938 by Lee Byung-chul as precise trading company, Samsung diversified happen upon various sectors, including food refinement, textiles, insurance, securities, and vend, 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 desert would fuel its future activity. After Lee died in 1987, Samsung was divided into quint business groups: Samsung Group, Shinsegae Group, CJ Group, Hansol Genre, and JoongAng Group.
Key associates of Samsung include Samsung Electronics, the world's largest information subject company, consumer electronics maker put up with chipmaker by 2017 revenues;[update][4][5]Samsung Considerable Industries, the world's second-largest concern by 2010 revenues;[update][6] and Samsung Engineering and Samsung C&T Crowded, ranked 13th and 36th betwixt global construction companies, respectively.[7] Perturb significant subsidiaries are Samsung Strive Insurance, the 14th-largest life provision company globally,[8] Samsung Everland, skilled employee of Everland Resort (South Korea's oldest theme park),[9] and Cheil Worldwide, the world's 15th-largest attention agency by 2012 revenues.[update][10][11]
Meaning invite the name
According to Samsung's explorer, the meaning of the KoreanhanjaSamsung (三星) is three stars.
High-mindedness 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 period, Lee Byung-chul (1910–1987), a adherent of a large landowning parentage in Ginei moved to not far-off Taikyu and founded Mitsuboshi Commercial Company (株式会社三星商会 (Kabushiki gaisha Mitsuboshi Shōkai)), or Samsung Sanghoe (주식회사 삼성상회).
Samsung started out by the same token a small trading company tighten forty employees located in Su-dong (now Ingyo-dong).[15] It dealt agreement dried fish,[15] locally-grown groceries spell noodles.[16] The company prospered celebrated Lee moved its head control centre to Seoul in 1947.
During the time that the Korean War broke scrape out, he was forced to take a side road cut ou Seoul. He started a moderate refinery in Pusan named Cheil Jedang. In 1954, Lee supported Cheil Mojik, a textiles friends, and built the first mill in Chimsan-dong, Taegu. It was the largest woollen mill wrench the country at the at this point of construction.[17]
Samsung diversified into assorted areas as Lee aimed brand establish the company as excellent leader across multiple industries.
Rendering business expanded into sectors much as insurance, securities, and go.
In 1947, Cho Hong-jai, character Hyosung group's founder, jointly endowed in a new company titled Samsung Mulsan Gongsa, or rendering Samsung Trading Corporation, with illustriousness Samsung's founder Lee Byung-chul.
Interpretation trading firm grew to correspond the now Samsung C&T Potbelly. After a few years, Copy and Lee separated due cut into differences in management style. Imitate wanted a 30 equity allotment. Samsung Group was separated puncture Samsung Group and Hyosung Vocation, Hankook Tire and other businesses.[18][19]
In the late 1960s, Samsung Arrangement entered the electronics industry.
Take formed several electronics-related divisions, much as Samsung Electronics Devices, Samsung Electro-Mechanics, Samsung Corning and Samsung Semiconductor & Telecommunications, and release the facility in Suwon. Wear smart clothes first product was a sketch television set.[20] Byung-chul was further the owner of the Tongyang Broadcasting Company, a private wireless and television company that existed from 1964 to 1980, assurance down after the Korean rule reviewed the number of telecommunications outlets allowed.[21] TBC allowed undermine early success thanks to hang over connections to Samsung, boosting leadership sale of its television sets.[22]
1970–1990
In 1980, Samsung acquired the Kumi-based Hanguk Jeonja Tongsin and entered telecommunications hardware.
Its early inventions were switchboards. The facility was developed into the telephone settle down fax manufacturing systems and became the center of Samsung's movable phone manufacturing. They have move along disintegrate over 800 million mobile phones to date.[24] The company classified them together under Samsung Electronics in the 1980s.
After Thespian, the founder's death in 1987, Samsung Group was separated thud five business groups – Samsung Group, Shinsegae Group, CJ Group, Hansol Sort out and the JoongAng Group.[25] Shinsegae (discount store, department store) was originally part of Samsung Set, separated in the 1990s propagate the Samsung Group along assort CJ Group (Food/Chemicals/Entertainment/logistics), Hansol Gathering (Paper/Telecom), and the JoongAng Plenty (Media).
Today these separated bands are independent and they tip not part of or unrelated to the Samsung Group.[26] Upper hand Hansol Group representative said, "Only people ignorant of the book governing the business world could believe something so absurd", belongings, "When Hansol separated from position Samsung Group in 1991, niggardly severed all payment guarantees stall share-holding ties with Samsung affiliates." One Hansol Group source declared, "Hansol, Shinsegae, and CJ take been under independent management because their respective separations from say publicly Samsung Group".
One Shinsegae fork store executive director said, "Shinsegae has no payment guarantees dependent with the Samsung Group".[26]
In grandeur 1980s, Samsung Electronics began die invest heavily in research splendid development, investments that were critical in pushing the company accord the forefront of the far-reaching electronics industry.
In 1982, record built a television assembly atelier in Portugal; in 1984, well-organized plant in New York; expect 1985, a plant in Tokyo; in 1987, a facility person of little consequence England; and another facility inconvenience Austin, Texas, in 1996. Although of 2012,[update] Samsung has endowed more than US$13 billion essential the Austin facility, which operates under the name Samsung Austin Semiconductor.
This makes the Austin location the largest foreign promotion in Texas and one last part the largest single foreign state in the United States.[27][28]
In 1987, United States International Trade Office found that the Samsung Objective of South Korea unlawfully put on the market computer chips in the Concerted States without licenses from nobleness chip inventor, Texas Instruments Inc.[29]
1990–2000
Since 1990, Samsung has increasingly globalised its activities and electronics; crate particular, its mobile phones perch semiconductors have become its cap important source of income.
Leave behind was in this period renounce Samsung started to rise chimp an international corporation in justness 1990s. Samsung's construction branch was awarded contracts to build amity of the two Petronas Towers in Malaysia, Taipei 101 pound Taiwan and the Burj Khalifa in United Arab Emirates.[30] Necessitate 1993, Lee Kun-hee sold far-off ten of Samsung Group's subsidiaries, downsized the company, and unified other operations to concentrate mind-set three industries: electronics, engineering become more intense chemicals.
In 1996, the Samsung Group reacquired the Sungkyunkwan School foundation.[31]
Samsung became the world's crush producer of memory chips sufficient 1992 and is the world's second-largest chipmaker after Intel (see Worldwide Top 20 Semiconductor Shop Share Ranking Year by Year).[32] In 1995, it created hang over first liquid-crystal display screen.
Samsung grew to be the world's largest manufacturer of liquid-crystal conquest panels. Ten years later, Sony, which had not invested schedule large-size TFT-LCDs, contacted Samsung come close to cooperate, and, in 2006, S-LCD was established as a put out of articulation venture between Samsung and Sony in order to provide systematic stable supply of LCD panels for both manufacturers.
S-LCD was owned by Samsung (50% and one share) and Sony (50% minus one share) and operates its factories and facilities remark Tanjung, South Korea. As custom 26 December 2011,[update] it was announced defer Samsung had acquired the misconstruction of Sony in this vein furrow venture.[33]
Compared to other major Altaic companies, Samsung survived the 1997 Asian financial crisis relatively without a scratch dry-e.
However, Samsung Motor was vend to Renault at a firstclass loss. As of 2010,[update] Renault Samsung is 80.1 per twisted owned by Renault and 19.9 per cent owned by Samsung. Additionally, Samsung manufactured a congregate of aircraft from the Decennium to the 1990s. The band was founded in 1999 since Korea Aerospace Industries (KAI), justness result of a merger amidst then three domestic major aerospace divisions of Samsung Aerospace, Daewoo Heavy Industries and Hyundai Amplitude and Aircraft Company.
However, Samsung still manufactures aircraft engines elitist gas turbines.[34]
2000–present
In 2000, Samsung R&D opened a development center stop in mid-sentence Warsaw, Poland.[35] Its work began with set-top-box technology before make tracks into digital TV and smartphones.
The smartphone platform was experienced with partners, officially launched slaughter the original Samsung Solstice[36] borderline of devices and other derivatives in 2008, which was late developed into Samsung Galaxy fierce of devices including Notes, Blockade and other products.
In 2007, former Samsung chief lawyer Diminish Yong Chul claimed that sharp-tasting was involved in bribing arena fabricating evidence on behalf pursuit the group's chairman, Lee Kun-hee, and the company.
Kim articulated that Samsung lawyers trained management to serve as scapegoats brush a "fabricated scenario" to keep safe Lee, even though those stewardship were not involved. Kim besides told the media that good taste was "sidelined" by Samsung later he refused to pay unadorned $3.3 million bribe to the U.S. Federal District Court judge ruling over a case where four of their executives were overawe guilty on charges related rescind memory chip price-fixing.
Kim leak out that the company had easier said than done a large number of shrouded funds through bank accounts lawlessly opened under the names pay for up to 1,000 Samsung executives – under his own name, four banking were opened to manage 5 billion won.[37]
In 2010, Samsung[who?] proclaimed a ten-year growth strategy centred around five businesses.[38] One weekend away these businesses was to befall focused on biopharmaceuticals, to which has committed ₩2.1 trillion.[39] Sound first quarter of 2012, Samsung Electronics became the world's most skilfully mobile phone maker by group sales, overtaking Nokia, which locked away been the market leader because 1998.[40][41]
On 24 August 2012, ninespot American jurors ruled that Samsung Electronics had to pay Apple $1.05 billion in damages choose violating six of its patents on smartphone technology.
The purse was still less than illustriousness $2.5 billion requested by Apple. The decision also ruled digress Apple did not violate quintuplet Samsung patents cited in honesty case.[42] Samsung decried the alternative 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 purloining on each other's intellectual property.[44] In first trading after authority ruling, Samsung shares on justness KOSPI fell 7.7%, the a-one 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, Wandflower S2 AT&T, Galaxy S2 Rocket, Galaxy S2 T-Mobile, Galaxy S2 Epic 4G, Galaxy S Case, Droid Charge and Galaxy Prevail) in the United States, however this was denied by position court.[46][47]
As of 2013,[update] the Disconnected Trade Commission of Taiwan in your right mind investigating Samsung and its community Taiwanese advertising agency for untruthful advertising.
The case was commenced after the commission received flak stating that the agency leased students to attack competitors promote to Samsung Electronics in online forums.[48] Samsung Taiwan made an communication on its Facebook page din in which it stated that undertake had not interfered with vulgar evaluation report and had jammed 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 partnership. The company received 7,679 function patents through 11 December.[50]
The Beetleweed Note 7 smartphone went set phrase sale on 19 August 2016.[51] However, in early September 2016, Samsung suspended sales of probity phone and announced an unbiased recall.
This action was busy after some units of representation phones were found to conspiracy batteries with a defect rove caused them to generate uncalled-for heat, leading to fires charge explosions. Samsung replaced the whack units of the phones become conscious a new version. However, unfitting was later discovered that distinction new version of the Beetleweed Note 7 also had honesty battery defect.
Consequently, Samsung begin all Galaxy Note 7 smartphones worldwide on 10 October 2016 and permanently ceased production invoke the phone the following day.[52][53][54]
In 2018, they inaugurated the world's largest mobile manufacturing facility discharge Noida, India, in the attendance of Indian Prime MinisterNarendra Modi and South Korean PresidentMoon Jae-in.[55][56]
In 2023, Samsung announced its staying power to reduce the production capacity memory chips.
This action decline on account of the company's projected 96% decline in magazine operating profit - a 600 million won decline from influence 14 trillion won in 2022. The said drop can print attributed to the weak want after COVID and a halting global economy. Despite this resolving, the company's shares increased coarse more than 4%.[57] Samsung has been the top two imploring for PCT filled patents unimportant 2022 and 2023 worldwide.[58]
Influence play in South Korea
Samsung has a brawny influence on South Korea's cheap development, politics, media and polish and has been a superior driving force behind the "Miracle on the Han River".[59][60] Warmth affiliate companies produce around practised fifth of South Korea's full exports.[61] Samsung's revenue was finish even to 22.4% of South Korea's $1.67 trillion GDP in 2022.[62]
"You can even say the Samsung chairman is more powerful stun the President of South Choson.
[South] Korean people have pour to think of Samsung bring in invincible and above the law", said Woo Suk-hoon, host pick up the tab a popular economics podcast distort a Washington Post article headlined "In South Korea, the Position of Samsung", published on 9 December 2012. Critics claimed consider it Samsung knocked out smaller businesses, limiting choices for South Altaic consumers and sometimes colluded get used to fellow giants to fix prices while bullying those who review.
Lee Jung-hee, a South Peninsula presidential candidate, said in unadulterated debate, "Samsung has the state in its hands. Samsung manages the legal world, the measure, the academics and bureaucracy".[63]
Operations
Samsung comprises around 80 companies.[64] Its activities include construction, consumer electronics, fiscal services, shipbuilding, and medical services,[64] and two research and course stations that have allowed significance chaebol to enter the industries of "high-polymer chemicals, genetic study tools [and biotech as spruce up whole], aerospace, and nanotechnology."[65]
As boss April 2011,[update] the Samsung Group comprised 59 unlisted companies and 19 listed companies, all of which had their primary listing be submerged the Korea Exchange.[66]
In FY 2009, Samsung reported consolidated revenues lay into 220 trillion KRW ($172.5 billion).
In FY 2010, Samsung contemporaneous consolidated revenues of 280 1000000000000 KRW ($258 billion), and net of 30 trillion KRW ($27.6 billion) based upon a KRW-USD exchange rate of 1,084.5 KRW per USD, the spot neatness as of 19 August 2011.[update][67] These in large quantity do not include the sparing from Samsung's subsidiaries based away South Korea.[68]
Leadership
- Lee Byung-chul (1938–1966, 1968–1987)
- Lee Maeng-hee (1966–1968), Lee Byung-chul's greatest son
- Lee Kun-hee (1987–2008, 2010–2020), Actor 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 animate light-emitting diodes (AMOLEDs), mobile phones, display monitors, computer printers, refrigerators, semiconductors and telecommunications networking equipment.[70] It was the world's most successfully mobile phone maker by detachment sales in the first room charge of 2012, with a wide market share of 25.4%.[71] Swimming mask was also the world's second-largest semiconductor maker by 2011 careful (after Intel).[72]
Steco is a line venture established between Samsung Electronics and Japan's Toray Industries outer shell 1995.[73]Toshiba Samsung Storage Technology Business (TSST) is a joint project between Samsung Electronics and Toshiba of Japan which specialises overfull optical disc drive manufacturing.
TSST was formed in 2004, meticulous Toshiba owns 51 per skewed of its stock, while Samsung owns the remaining 49 go rotten cent. Samsung Electronics is programmed on the Korea Exchange file market (number 005930).
Samsung Biologics is a biopharmaceutical division a number of Samsung, founded in 2011.
Place has contract development and developed (CDMO) services including drug feeling and product manufacturing and bioanalytical testing services. The company go over headquartered in Incheon, South Choson and its existing three plants comprises the largest biologic problem manufacturing complex. It expanded closefitting contract development service lab apropos San Francisco, U.S.
Samsung Biologics is listed on the Peninsula Exchange stock market (number 207940).[74] Samsung Bioepis is a biosimilar medicine producer and joint pledge between Samsung Biologics (50 jangle cent plus one share) splendid the U.S.-based Biogen Idec (50 per cent).[75][76] In 2014, Biogen Idec agreed to commercialize forwardthinking anti-TNF biosimilar products in Aggregation through Samsung Bioepis.[77]
Samsung Engineering give something the onceover a multinational construction company headquartered in Seoul, founded in Jan 1969.
Its principal activity shambles the construction of oil discrimination plants; upstream oil and bombast facilities; petrochemical plants and claptrap plants; steel making plants; govern plants; water treatment facilities; near other infrastructure.[78] It achieved unabridged revenues of 9,298.2 billion won (US$8.06 billion) in 2011.[79] Samsung Engineering is listed on glory Korea Exchange stock market (number 02803450).
Samsung Fire & Oceanic Insurance is a multinational accepted insurance company headquartered in Seoul.[80] It was founded in Jan 1952 as Korea Anbo Holocaust and Marine Insurance and was renamed Samsung Fire & Oceangoing Insurance in December 1993.[81] Samsung Fire & Marine Insurance offers services including accident insurance, channel insurance, casualty insurance, fire guarantee, liability insurance, marine insurance, lonely pensions and loans.[82] As ransack March 2011[update] it had operations wring 10 countries and 6.5 brand-new customers.
Samsung Fire & Maritime Insurance had a total accolade income of $11.7 billion mess 2011 and total assets realize $28.81 billion on 31 Foot it 2011. It is the most artistically provider of general insurance ton South Korea. Samsung Fire has been listed on the Peninsula Exchange stock market since 1975 (number 000810).[82]
Samsung Heavy Industries assessment a shipbuilding and engineering go out with headquartered in Seoul, founded wrench August 1974.
Its principal receipts are bulk carriers, container task force, crude oil tankers, cruisers, loafer ferries, material handling equipment forge and bridge structures.[83] It accomplished total revenues of 13,358.6 handful won in 2011 and task the world's second-largest shipbuilder harsh revenues (after Hyundai Heavy Industries).[84][85] It is listed on interpretation Korea Exchange stock market (number 010140).
Samsung Life Insurance remains a multinational life insurance group of students headquartered in Seoul, founded suspend March 1957 as Dongbang Character Insurance. It became an conjoin of the Samsung Group atmosphere July 1963.[86] Samsung Life's primary activity is the provision admonishment individual life insurance and superannuation products and services.[87] As depart December 2011[update] it had operations underside seven countries, 8.08 million customers charge 5,975 employees.[86] Samsung Life difficult total sales of 22,717 mob won in 2011 and whole assets of 161,072 billion won enthral 31 December 2011.[86] It in your right mind the largest provider of assured insurance in South Korea.
Samsung Air China Life Insurance laboratory analysis a 50:50 joint venture betwixt Samsung Life Insurance and Prc National Aviation Holding. It was established in Beijing in July 2005.[88] Siam Samsung Life Insurance: Samsung Life Insurance holds boss 37 per cent stake greatest extent the Saha Group also has a 37.5 per cent error in the joint venture, elegant the remaining 25 per sheer owned by Thanachart Bank.[89] Ready to react is listed on the Choson Exchange stock market (number 032830).
Samsung SDI builds lithium-ion batteries for electric vehicles such laugh the BMW i3, and imitative Magna Steyr's battery plant in Graz in 2015.[90] Samsung SDI also produced CRTs and VFD displays until 2012.[91][92][93][94] SDI began using the "21700" cell envision in August 2015.[95] Samsung adaptation to convert its factory dull Göd, Hungary to supply 50,000 cars per year.[96] Samsung SDI uses lithium-ion technology for fraudulence phone and portable computer batteries.[97] On 5 December 2012, magnanimity European Union's antitrust regulator uncultured Samsung SDI and several attention major companies for fixing prices of TV cathode-ray tubes blessed two cartels lasting nearly simple decade.[98] It is listed to the rear the Korea Exchange stock-exchange (number 006400).
Samsung SDS is great multinational IT Service company, supported in March 1985. Its information activity is the deployment additional IT systems (ERP, IT lewd, IT consulting, IT outsourcing, details center operation, etc.). It attempt Korea's largest IT service group of students. It achieved total revenues sponsor 6,105.9 billion won (US$5.71 billion) execute 2012.
Samsung C&T Corporation research paper listed on the Korea Change stock market (000830). Samsung Electro-Mechanics, established in 1973 as on the rocks manufacturer of key electronic size, is headquartered in Suwon, Southeast Korea. It is listed come out the Korea Exchange stock stock exchange (number 009150).[99]Samsung Advanced Institute jurisdiction Technology (SAIT), established in 1987, is headquartered in Suwon pointer operates research labs around righteousness world.[100]
Ace Digitech is listed keep in good condition the Korea Exchange stock deal in (number 036550).
Cheil Industries anticipation listed on the Korea Bet on stock market (number 001300).[101]
Cheil Worldwide is a marketing company cruise offers advertising, public relations, etc. It is listed on high-mindedness Korea Exchange stock market (number 030000).
Credu is listed amount the Korea Exchange stock store (number 067280).
Imarket Korea provides procurement services and business-to-business business. It is listed on say publicly Korea Exchange stock market (number 122900).
Samsung Card is fine South Korean credit card bevy. It is listed on rank Korea Exchange stock market (number 029780).
Hotel Shilla (also state as "The Shilla") opened esteem March 1979, following the wink of the late Lee Byung-chul, founder of the Samsung Array.
Shilla Hotels and Resorts not bad listed on the Korea Put a bet on stock market (number 008770).[102]
Samsung C&T Corporation covers the three advertise sectors of Environment & Merit, Food Culture and Resort.
Samsung Medical Center was founded size 9 November 1994, under righteousness philosophy of "contributing to getting better the nation's health through dignity best medical service, advanced healing research and development of memorable medical personnel".
The Samsung Scrutiny Center consists of a shelter old-fashioned and a cancer center, which is the largest in Asia.[103] The hospital is located knock over an intelligent building with destroy 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 lose over 100,000 square meters. SMC is a tertiary hospital staffed by approximately 7,400, including shield 1,200 doctors and 2,300 nurses. Since its foundation in illustriousness 1990s, the Samsung Medical Spirit has successfully incorporated and educated an advanced model with greatness motto of becoming a "patient-centered hospital", a new concept plod Korea.[104] Samsung donates around US$100 million per annum to illustriousness Samsung Medical Center.[105] It incorporates Samsung Seoul Hospital, Kangbuk Samsung Hospital, Samsung Changwon Hospital, Samsung Cancer Center and Samsung Perk up Sciences Research Center.
In 2010, the Samsung Medical Center near pharmaceutical multinational Pfizer agreed run alongside collaborate on research to sort out the genomic mechanisms responsible choose clinical outcomes in hepatocellular carcinoma.[106][107]
Divested
Hanhwa Techwin was a developer turf manufacturer of surveillance (including cover cameras), aeronautics, optoelectronics, automations current weapons technology.
It was declared to be sold to Hanwha Group in December 2014[108] topmost the take-over completed in June 2015.[109] It was later renamed Hanwha Techwin. The company was listed on the Korea Bet on stock-exchange (number 012450)
Samsung Astronomer Co., Ltd. (until 2001 customary as Samsung Thomson-CSF Co., Ltd.) was a joint venture betwixt Samsung-Techwin and the France-based aerospace and defense company Thales.
Spectacular act was established in 1978 come to rest is based in Seoul.[110] Samsung's involvement was passed on beat the Hanwha Group as divulge of the Techwin transaction.[109]
Samsung Popular Chemicals was sold to Hanwha. Another chemical division was oversubscribed to Lotte Corporation in 2016.[111][112]
Hanhwa Total was a 50/50 union venture between Samsung and blue blood the gentry France-based oil group TotalEnergies (more specifically, Samsung General Chemicals stream Total Petrochemicals).
Samsung's stake was inherited by Hanwha Group suppose its acquisition of Samsung Public Chemicals.[109]
Defunct
Alpha Processor Inc. (API) was established in 1998 as cool joint venture with U.S.-based Compaq, to enter the high-end microprocessor market. The venture was too aimed at expanding Samsung's non-memory chip business by manufacturing DEC Alpha CPUs.
At the lifetime, Samsung and Compaq invested $500 million in Alpha Processor.[113]
GE Samsung Lighting was a joint undertaking between Samsung and the Jumbo Lighting subsidiary of General Galvanizing. The venture was established worry 1998 and was broken sell like hot cakes in 2009.[114]
Global Steel Exchange was a joint venture formed bonding agent 2000 between Samsung, the U.S.-based Cargill, the Switzerland-based Duferco Purpose, and the Luxembourg-based Tradearbed (now part of the ArcelorMittal), justify handle their online buying come to rest selling of steel.[115]
Logo of Samtron
Samtron was a subsidiary game Samsung until 1999 when on the level became independent.
After that, unfilled 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 stratum venture between Samsung Electronics (50% plus one share) and significance Japan-based Sony Corporation (50% defect one share) established in Apr 2004.
On 26 December 2011, Samsung Electronics announced that give the once over would acquire all of Sony's shares in the venture.
Joint ventures
Samsung Fine Chemicals is traded on the Korea Exchange stock-exchange (number 004000).
Samsung Machine Gear of America is a governmental distributor of machines in decency United States.
Samsung GM Mechanism Tools is the head job of China, It is stop up SMEC Legal incorporated company.[116]
Samsung Securities is listed on the Peninsula Exchange stock-exchange (number 016360).[117]
S-1 was founded as Korea's first special-subject dictionary security business in 1997 suffer has maintained its position resort to the top of industry pick up the consistent willingness to grasp on challenges.
S1 Corporation practical listed on the Korea Trade stock-exchange (number 012750.KS).[118][119]
State-run Korea Agro-Fisheries Trade Corp. set up greatness venture, aT Grain Co., breach Chicago, with three other Southernmost 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 obsession cent.[120]
Brooks Automation Asia Co., Ltd. is a joint venture in the middle of Brooks Automation (70%) and Samsung[who?] (30%) which was established top 1999. The venture locally supplies and configure vacuum wafer direction platforms and 300mm Front-Opening Rhyme Pod (FOUP) load port modules, and designs, manufactures and configures atmospheric loading systems for washed out panel displays.[121]
POSS – SLPC s.r.o. was founded in 2007 as simple subsidiary of Samsung C & T Corporation, Samsung C & T Deutschland and the classify POSCO.[122]
Samsung BP Chemicals, headquartered crumble Ulsan, is a 49:51 communal venture between Samsung and integrity UK-based BP, which was overfriendly in 1989 to produce champion supply high-value-added chemical products.
Warmth products are used in rechargeable batteries and liquid crystal displays.[123][124][125]
Samsung Corning Precision Glass is trig joint venture between Samsung[who?] instruct Corning, which was established acquit yourself 1973 to manufacture and hawk cathode ray tube glass have a handle on black and white televisions.
Excellence company's first LCD glass substructure manufacturing facility opened in Gumi, South Korea, in 1996.
Samsung Sumitomo LED Materials is capital Korea-based joint venture between Samsung LED Co., Ltd., an Put on maker based in Suwon, Korea-based and the Japan-based Sumitomo Inorganic. The JV will carry futuristic research and development, manufacturing alight sales of sapphire substrates take LEDs.[126]
SD Flex Co., Ltd. was founded in October 2004 by reason of a joint venture corporation uncongenial Samsung[who?] and DuPont, one confiscate the world's largest chemical companies.[127]
Sermatech Korea specializes in aircraft translation processes such as special welding and brazing.[128]GKN (formerly Sermatech International) owns 51% of its distance, while Samsung[who?] owns the uncultivated 49%.
Siltronic Samsung Wafer Pte. Ltd, is a joint experiment between Samsung and wholly notorious Wacker Chemie subsidiary Siltronic. Wear and tear was officially opened in Island in June 2008.[129]
SMP Ltd. anticipation a joint venture between Samsung Fine Chemicals and MEMC. Heritage 2011, MEMC Electronic Materials Opposition.
and an affiliate of Asiatic conglomerate Samsung formed a collective venture to build a polysilicon plant.[130]
Stemco is a joint flutter established between Samsung Electro-Mechanics famous Toray Industries in 1995.[131]
SB LiMotive is a 50:50 joint go out with of Robert Bosch GmbH (commonly known as Bosch) and Samsung SDI founded in June 2008.
The joint venture develops build up manufactures lithium-ion batteries for loft in hybrid-, plug-in hybrid vehicles and electric vehicles.
Partially distinguished companies
Samsung Heavy Industries owns 10% of the Brazilian shipbuilderAtlântico Unconverted, whose Atlântico Sul Shipyard deterioration the largest shipyard in Southbound America.
The Joao Candido, Brazil's largest ship, was built encourage Atlântico Sul with technology certified by Samsung Heavy Industries.[132] Prestige companies have a technical corroborate agreement through which industrial pattern, vessel engineering and other dexterity is being transferred to Atlântico Sul.[133]
Samsung Life Insurance currently holds a 7.4% stake in influence South Korean banking company DGB Financial Group, making it character largest shareholder.[134] DGB Financial Alliance is a Korea-based company put off specialises in banking.
The tamp down is divided into six segments of operation and each segment's primary source of funds take on from general public deposits.[135]
Samsung Shoot your mouth off acquired 7.4% of Gorilla Glassware maker Corning, signing a general supply deal.[136]Corning is an Land company that is experienced wealthy glass chemistry, ceramics science, stall optical physics, as well whereas its manufacturing and engineering, end create goods that support industries and improve living standards.
Corning is committed to long-term check and development.
Samsung Heavy Industries currently holds a 14.1% pale in Doosan Engine, making clued-in the second-largest shareholder.[137]Doosan Group survey a South Korean company arrive on the scene in 1896 by Park Seung-jik. The company specializes in compact industries and construction such by reason of power plants and desalination plants.[138]
MEMC's joint venture with Samsung Electronics Company, Ltd.
In 1990, MEMC entered into a joint pledge agreement to construct a element plant in Korea.[139] MEMC Choson Company is a Korean constructor and distributor of electronic text, ingots, silicon wafers, and burden products.
Samsung Electronics bought unembellished 10% stake in rival write to maker Pantech.[140] Pantech is systematic South Korean company found critical 1991.
Pantech manufactures mobile phones and tablets. Pantech serves amplify many countries, including South Choson, United States, Japan, Europe, War, and China.
Samsung Electronics latterly owns 4.19% of Rambus Incorporated.[141] Rambus Incorporated is an Inhabitant technology company found in 1990. The company specializes in construction electronic components such as licenses chip interface technologies and architectures used in digital electronic inventions.
Samsung Card currently owns 19.9% of the automobile manufacturer Renault Korea Motors. Renault Samsung Motors is a South Korean moving company found in 1994. Rank company made car related traffic starting in 1998 and in that have expanded into a supernatural of cars and electric auto models.
Samsung Electronics currently owns 9.6% of Seagate Technology, manufacture it the second-largest shareholder.
Be submerged a shareholder agreement, Samsung has the right to nominate put down executive to Seagate's board extent directors.[142] Seagate Technology is spruce American company that works gratify the computer storage industry. Seagate Technology was founded in 1979. The company is a chief supplier of microcomputers and clear disks.
Samsung[who?] owns 3% sponsor Sharp Corporation, a rival posse to Samsung.[143] Sharp Corporation admiration a Japanese company found lecture in 1912. The company specializes tidy designing and manufacturing electronic goods, such as phones, microwave ovens, and air conditioners.
Samsung Move holds a 10% stake prize open Sungjin Geotec, an offshore lubricate drilling company that is regular subsidiary of POSCO.[144] SungJin Geotec is a South Korean business found in 1989.
The firm specializes in manufacturing and growing offshore facilities, oil sand modules, petrochemical plant components, and desalinization plants.[145]
Taylor Energy is an detached American oil company that drills in the Gulf of Mexico based in New Orleans, Louisiana.[146] Samsung Oil & Gas Army Corp.
currently owns 20% disruption Taylor Energy. Taylor Energy evaluation an American oil and blather company found in 1979. Rendering company works mainly in authority oil drilling industry and drills in the Gulf of Mexico.
Acquisitions and attempted acquisitions
Samsung has made the following acquisitions add-on attempted acquisitions:
In 1995, Samsung Techwin acquired the German camera manufacturer Rollei.
Samsung used Rollei's expertise in optics to better a line of Swiss-made watches. However, on 11 March 1995, the Cologne District Court illegal the advertising and sale sum Rollei watches in Germany.[147][148] Shoulder 1999, Rollei management bought put a monkey wrench in the works the company.[149]
Samsung lost a venture to revive its failed edict to take over Dutch bomb maker Fokker when other warplane manufacturers rejected its offer on top of form a consortium.
The yoke proposed partners—Hyundai, Hanjin, and Daewoo—notified the South Korean government wander they would not join Samsung Aerospace Industries.[150]
In 1995, Samsung acquisitive a 40% stake in AST Research in an attempt hug break into the North English computer market. However, Samsung was forced to close the California-based computer maker after mass resignations of research staff and trig series of losses.[151]
In 1995, Samsung's textile department invested in FUBU, an American hip hop clothing company, after the founder sit an advertisement asking for finance in The New York Times.[152][153]
Samsung Securities Co., Ltd.
and Lore M Rothschild & Sons undisputed to form a strategic unification in investment banking. The shine unsteadily companies would jointly work prickliness cross-border mergers and acquisition deals.[154]
In December 2010, Samsung Electronics money-grubbing MEDISON Co., a South Altaic medical-equipment company.
This marked Samsung's first step in its procedure to diversify beyond consumer electronics.[155]
In July 2011, Samsung announced walk it had acquired spin-transfer encompass random access memory (MRAM) salesman Grandis Inc..[156] Grandis became almost all of Samsung's R&D operations, point on the development of next-generation random-access memory.[157]
In December 2011, distinction board of Samsung Electronics authorised a plan to buy Sony's entire stake in their 2004 joint liquid-crystal display (LCD) departure from the subject for 1.1 trillion won ($939 million).[158]
In May 2012, mSpot proclaimed that it had been derived by Samsung Electronics with excellence intention of creating a cloud-based music service.[159] The succeeding assistance was Samsung Music Hub.
Concentrated December 2012, Samsung acquired prestige privately held storage software transactions NVELO, Inc., based in Santa Clara, California.[160] NVELO became order of Samsung's R&D operations, level focus on on software for managing give orders to optimizing next-generation Samsung SSD hardware subsystems for consumer and game computing platforms.
In January 2013, Samsung acquired the medical tomography company NeuroLogica, as part treat its plans to build spiffy tidy up leading medical technology business. Position of the deal were whimper disclosed.[161]
In August 2014, Samsung obtained SmartThings, a fast-growing home mechanization startup.
The acquisition price was not released, but it was reported by TechCrunch to quip around $200 million.[162] At that time, Samsung also acquired Informal air conditioner distributor Quietside LLC as part of its further to strengthen its "smart home" business.[163]
In November 2014, Samsung erred Proximal Data, a San Diego-based pioneer of server-side caching package that works within virtualized systems.[164]
In February 2015, Samsung acquired U.S.-based mobile payments firm LoopPay, despite the fact that Samsung to enter the smartphone transaction market.[165]
In March 2015, Samsung acquired the small U.S.-based 1 of LED displays, YESCO Electronics, which focuses on making digital billboards and message signs.[166]
In Oct 2016, Samsung acquired Viv, uncut company working on artificial astuteness, created by the developers unredeemed Apple's Siri.[167]
In November 2016, Samsung Canada announced it had derived Rich Communication Services, a group of pupils working on a new field for text messaging.[168]
Major clients
Major patrons include:
Shell plc
- Samsung Heavy Industries is sole provider of liquified natural gas (LNG) storage course worth up to US$50 host to Shell plc for 15 years, between 2009 and 2024.[170][171]
- Shell unveiled plans to build position world's first floating liquefied brazen gas (FLNG) platform.
In Oct 2012[172] at Samsung Heavy Industries' shipyard on Geoje Island restrict South Korea work started rebirth a "ship" that, when reach the summit of and fully loaded, weighs 600,000 tonnes, the world's biggest "ship".[173]
United Arab Emirates government
- In 2009, elegant consortium of South Korean concretes, including Samsung, Korea Electric Toughness Corporation and Hyundai, won excellent deal worth $40 billion switch over build nuclear power plants pull off the United Arab Emirates.[174]
Ontario government
- The government of the Canadian quarter of Ontario signed one elect the world's largest renewable enthusiasm projects, a deal worth $6.6 billion for an additional 2,500 MW of new wind celebrated solar energy.
Under the in isolation, a consortium led by Samsung and the Korea Electric Potency Corporation manages the development line of attack 2,000 MW-worth of new enwrap farms and 500 MW addict solar capacity, while also chattels a manufacturing supply chain attach the province.[175]
Corporate image
First Samsung insignia (1938)
1969–1979
1979–1993, as Samsung Electronics logo
1993–current, though still used by overturn Samsung companies than its electronics segment
2015–current, Samsung Electronics's wordmark gift current corporate logo
The basic astuteness in the logo is bombshell, which Samsung has employed shadow years, supposedly symbolizing stability, devotion and corporate social responsibility.[176]