![]() ![]() Samsung Electronics Net Worth 2022ġ7.50 lakh crores INR ($236 Billion FY 2021) In 2020, Samsung’s revenue reached two hundred and ninety-three billion dollars. It is also a participant in the world’s largest oil and gas project other than being the largest Smartphone maker company globally. Samsung is one of the largest companies in the world with a revenue of $244.2B, Assets of $358.9B, and Profits of $34.3. Ownership structure (As of December 31, 2021), Source: Samsung SDI Samsung Group Financial Summary ShareholdersNational Pension Service of Korea Its launch of the foldable Smartphone the Galaxy Fold was extremely popular in 2019. In 2010 Galaxy series expanded to tablet computers with Galaxy Tab followed by the introduction of Smartwatches in 2013 with Samsung Gear. Samsung was one of the largest microprocessor manufacturers in the world and supplied microprocessors for Apple’s earliest iPhone models. ![]() With the launch of Samsung’s Galaxy Smartphones in 2000, the company banged popularity among the best-selling smartphones in the world. In 1990, the company expanded into the global electronics market with its advancements in technology. Under the leadership of Lee Kun-Hee, splitting into five companies, Samsung Electronics became complacent with its dominant position in South Korea. The creation of two research and development institutes further broadened the company’s technology lines into electronics, semiconductors, high polymer chemicals, genetic engineering tools, telecommunications, aerospace, and nanotechnology. ![]() In 1978 an aerospace division was created and in 1985 Samsung Data System(Samsung SDS) served its business growth. The late 1970s and early 80’s rapidly expanded Samsung’s technology business.Īfter Lee’s death, Samsung was split into five business groups which are: In the 1970s the brand began exporting home electronic products overseas. Samsung hit the electronics industry in 1969 with its first product “Black and White Television”. On the other hand, its chemical industries were also growing promisingly. Samsung later established subsidiaries such as Samsung Heavy Industry, Samsung shipbuilding, and Samsung Precision Company. In the 1960s Samsung acquired an oil refinery, a nylon company, and a department store.ĭuring the 1970’s Samsung expanded better to compete in the textile industry. In the 1950s the company acquired Korea’s commercial banks as an insurance company and firms making cement and fertilizers. Initially, Samsung was a grocery trading store by Lee-Byung-Chull, started in Taegu.Īfter the Korean War, Lee’s business expanded into textiles and wool mills in Korea. Samsung is the most recognizable name in producing about a fifth of South Korea’s total exports in technology products. His son Lee Jae-Yong became the vice-chairman and took over the management of Samsung. Later his son Lee Kunhee was the company’s owner and chairman. Lee Byung-Chul was the founder of Samsung Group. Samsung’s business was started in 1969 as a part of the Samsung Group. It is a South Korean multinational manufacturing company with headquarters in Samsung Town, Seoul, South Korea. It’s also the world’s largest manufacturer of mobile phones.Ĭonsisting of numerous affiliated businesses mostly united under the Samsung brand, Samsung Group is the largest South Korean chaebol. In its semiconductor division, Samsung is the world’s largest manufacturer of memory chips and the world’s second-largest manufacturer of logic chips. However, it has diversified into producing semiconductors and mobile phones. In its early years, Samsung manufactured TVs, air conditioners, refrigerators, washing machines, and other electronics products. It is a key manufacturer of electronic products for consumers and businesses. It is the second-biggest technology company in the world by sales and revenue, just behind Apple. Samsung is a South Korean multinational conglomerate company. So, who owns Samsung? Samsung is owned by the Samsung Group. They have also strong information technology with R & D working to make its most innovative products. We all know Samsung Products from the Electronics products like mobile phones, Smart TVs, and other consumer electronics. ![]()
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