Samsung Electronics




Samsung Electronics Co., Ltd. (Korean: 삼성전자; Hanja: 三星電子; RR: Samsung Jeonja; lit. "tristar electronics") is a South Korean multinational electronics company headquartered in the Yeongtong District of Suwon. It is the pinnacle of the Samsung chaebol, accounting for 70% of the group's revenue in 2012. Samsung Electronics has played a key role in the group's corporate governance due to circular ownership. Samsung Electronics has assembly plants and sales networks in 74 countries and employs around 290,000 people. It is majority-owned by foreign investors. It is the world's largest manufacturer of consumer electronics by revenue. As of 2019,update Samsung Electronics is the world's second largest technology company by revenue, and its market capitalization stood at US$301.65 billion, the 18th largest in the world.

Samsung is a major manufacturer of electronic components such as lithium-ion batteries, semiconductors, image sensors, camera modules and displays for clients such as Apple, Sony, HTC and Nokia. It is the world's largest manufacturer of mobile phones and smartphones, started with the original Samsung Solstice and later, the popularity of its Samsung Galaxy line of devices. The company is also a major vendor of tablet computers, particularly its Android-powered Samsung Galaxy Tab collection, and regarded for developing the phablet market with the Samsung Galaxy Note family of devices. It has also developed 5G capable smartphones including the Galaxy S10 and Galaxy Note 10 and foldable phones including the Galaxy Fold. Samsung has been the world's largest television manufacturer since 2006, and the world's largest manufacturer of mobile phones since 2011. It is also the world's largest memory chip manufacturer and, from 2017 to 2018, had been the largest semiconductor company in the world, briefly dethroning Intel, the decades-long champion.

In 2012, Kwon Oh-hyun was appointed the company's CEO, but announced in October 2017 that he would resign in March 2018, citing an "unprecedented crisis". As of March 2018, the company maintains a three-CEO layout, with Ki Nam Kim, Hyun Suk Kim, and Dong Jin Koh; it has also had HC Hong as a separate CEO for Southeast Asia since 2015.

Comments

Post a Comment

Popular posts from this blog

Major clients

Image
Samsung's largest clients (Q1 2010) Rank/company Part description Percent of total sales 1 Sony DRAM, NAND flash, LCD panels, etc. 3.7 2 Apple Inc. AP (mobile processor), AMOLED DISPLAY,DRAM, NAND flash, etc. 2.6 3 Dell DRAM, flat-panels, lithium-ion batteries, etc. 2.5 4 Hewlett-Packard DRAM, flat-panels, lithium-ion batteries, etc. 2.2 5 Verizon Communications Handsets, etc. 1.3 6 AT&T Inc. Handsets, etc. 1.3 Relationship with Apple Inc. edit Despite recent litigation activity, Samsung and Apple have been described as frenemies who share a love-hate relationship. Samsung is a major supplier for Apple – first providing memory for the early iPod devices in 2005, and Apple is a key customer for Samsung – in 2012 its component sales were thought to be worth in the region of $8 billion revenue to Samsung – to the point where Apple CEO Tim Cook originally opposed litigation against Samsung wary of the company's critical component supply chain for A
Read more

Environmental record

All Samsung mobile phones and MP3 players introduced on the market after April 2010 are free from polyvinyl chloride (PVC) and brominated flame retardants (BFRs). The company is listed in Greenpeace's Guide to Greener Electronics, which rates electronics companies on policies and practices to reduce their impact on the climate, produce greener products, and make their operations more sustainable. In November 2011, Samsung was ranked seventh out of 15 leading electronics manufacturers with a score of 4.1/10. In the newly re-launched guide, Samsung moved down two places (occupying fifth position in October 2010), but scored maximum points for providing verified data and its greenhouse gas emissions. It also scored well for its Sustainable Operations, with the guide praising its relatively good e-waste take-back programme and information. However, the company was criticized for not setting an ambitious target to increase its use of renewable energy and for belonging to a trade associa
Read more

Litigation and safety issues

Worker safety edit Many employees working in Samsung's semiconductor facilities have developed various forms of cancers. citation needed Initially, Samsung denied being responsible for the illnesses. Although Samsung is known to disfavor trade unions, these sick workers organized in the group SHARPS (Supporters for the Health And Rights of People in the Semiconductor Industry). The crowdfunded film Another Promise was produced in 2013 to depict the fight for compensation of the victims, as well as the documentary The Empire of Shame . In May 2014, Samsung offered an apology and compensation to workers who became ill. The company subsequently did not follow all the recommendations of a specially appointed mediation committee, paid several families outside of a scheme to be agreed on and required them to drop all further charges, prompting SHARPS to continue legal and public action. The quarrel was mostly resolved upon a public apology issued by Samsung in November 2018. DRAM price
Read more