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Samsung Electronics

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Samsung Electronics
Samsung Electronics
source
NameSamsung Electronics
TypePublic
Traded asKRX: 005930, LSE: SMSD, LSE: SMSN

Samsung Electronics is a multinational electronics company headquartered in Yeouido, Seoul, South Korea, and is one of the world's largest technology companies, along with Apple Inc., Google, Microsoft, and Amazon. Founded by Lee Byung-chul in 1938 as a trading company, Samsung Group has grown to become one of the world's leading conglomerates, with Samsung Electronics being its most successful subsidiary, competing with Huawei, Xiaomi, and Oppo. The company has been led by Lee Kun-hee and now by Lee Jae-yong, and has partnerships with Intel, Qualcomm, and TSMC. Samsung Electronics has also collaborated with IBM, Cisco Systems, and Ericsson on various projects.

● History

The history of Samsung Electronics began in 1969 when Lee Byung-chul established Samsung-Sanyo Electronics, a joint venture with Sanyo Electric. In the 1970s, the company began to expand its operations, establishing partnerships with Sharp Corporation and Toshiba. During the 1980s, Samsung Electronics began to develop its own semiconductor business, competing with Texas Instruments and Micron Technology. The company also established a joint venture with AT&T and Bell Labs to develop telecommunications technology. In the 1990s, Samsung Electronics began to expand its operations globally, establishing subsidiaries in United States, China, and Europe, and partnering with Nokia, Motorola, and Siemens.

● Products

Samsung Electronics produces a wide range of products, including smartphones, tablets, laptops, televisions, and home appliances. The company's Galaxy series of smartphones, which includes the Galaxy S series and Galaxy Note series, competes with Apple iPhone, Google Pixel, and OnePlus. Samsung Electronics also produces semiconductors, including DRAM and NAND flash memory, which are used in a wide range of products, from personal computers to data centers, and are supplied to companies like Facebook, Amazon Web Services, and Microsoft Azure. The company has also developed 5G technology, partnering with Verizon Communications, AT&T, and T-Mobile US.

● Operations

Samsung Electronics operates a global network of manufacturing facilities, including plants in South Korea, China, Vietnam, and United States. The company also has a global network of research and development centers, including facilities in Seoul, San Jose, and Bangalore, and collaborates with Stanford University, Massachusetts Institute of Technology, and Carnegie Mellon University. Samsung Electronics has also established partnerships with companies like Microsoft, Google, and Facebook to develop new technologies and products, and has worked with NASA, European Space Agency, and National Institutes of Health on various projects.

● Research and Development

Samsung Electronics has a strong commitment to research and development, investing heavily in the development of new technologies, including artificial intelligence, Internet of Things, and 5G. The company has established a number of research and development centers around the world, including the Samsung Advanced Institute of Technology in Seoul and the Samsung Research America in San Jose, and collaborates with Harvard University, University of California, Berkeley, and Georgia Institute of Technology. Samsung Electronics has also partnered with companies like IBM, Cisco Systems, and Ericsson to develop new technologies, and has worked with European Commission, National Science Foundation, and Defense Advanced Research Projects Agency on various projects.

● Controversies

Samsung Electronics has been involved in a number of controversies over the years, including a patent infringement dispute with Apple Inc. and a recall of its Galaxy Note 7 smartphone due to battery safety concerns. The company has also faced criticism for its labor practices in China and Vietnam, and has been accused of tax evasion in South Korea and United States, with investigations by Internal Revenue Service and National Tax Service. Samsung Electronics has also been involved in a number of environmental controversies, including a toxic waste scandal in South Korea and a deforestation scandal in Indonesia, with criticism from Greenpeace and World Wildlife Fund.

● Financials

Samsung Electronics is one of the world's largest and most profitable technology companies, with revenues of over US$200 billion in 2020. The company is listed on the Korea Stock Exchange and the London Stock Exchange, and is a component of the KOSPI and FTSE 100 indices, and has been recognized by Fortune, Forbes, and Bloomberg. Samsung Electronics has also been recognized for its corporate social responsibility efforts, including its sustainability initiatives and its philanthropic efforts, with awards from United Nations, World Economic Forum, and Committee Encouraging Corporate Philanthropy. The company has partnerships with Bill and Melinda Gates Foundation, World Health Organization, and United Way to support various causes. Category:Electronics companies

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