Samsung Group is a corporation that multinational conglomerate. Its headquarters is located in Samsung Town, Seoul, Korea. It was established in 1938. When it comes to revenue, it is the largest conglomerate in the world. In 2008, it has annual revenue of 173.4 billion dollars. Samsung is Korean word that means “three stars”. Under Samsung’s composition are many international affiliated businesses. Included in this are Samsung Heavy Industries, the second largest ship builder in the world, Samsung Electronics, the largest electronic company in the world, and Samsung C&T, one of the world’s major construction companies.
Since 2005, Samsung became the most popular consumer electronic brand in the whole world. Also, it is the most popular brand of South Korea globally. Samsung Group is the leader in many domestic industries of South Korea. It includes retail, chemical, entertainment, and financial industries.
Samsung products
Samsung, being a conglomerate corporation, has been manufacturing numerous products. This includes chemical, retail, shipbuilding, electronics, financial, entertainment, Flash memory, Smartphones, hard disk drive, mobile phones, optical storage, and aviation.
When it comes to their electronic industry, their very first product was a black and white television. After this, the company started to build devices for telecommunications. One of the early devices manufactured were switchboards. They develop this facility afterwards into fax and telephone manufacturing systems. Then, it became the center of Samsung in their manufacture of mobile phones. Since then, they have manufactured a total of 800 million mobile phones that were distributed all over the world.
Samsung Electronics allocated so much investment in their research and development by the early 1990s. This became very significant in making the company a leader in global electronic industry. Since the 1980s, Samsung has been spreading its operations all throughout the world. In Portugal, it built a television plant in 1982. In New York, it built a 25 million dollar plant in 1984. In Tokyo, it built a 25 million dollar plant in 1985. In England, it built a 25 million dollar facility in 1987.
Another product of Samsung Electronics that dominates the world market is the semiconductor. In 2005, it surpassed the world leader Intel. In recent years, the strength of Samsung as a brand has been improving greatly. In 1992, the company became the largest producer of memory chips globally. It ranked second to Intel when it comes to making chips. In 1999 up to 2002, the company conspired with Infineon Technologies, Micron Technology, Hynix Semiconductor, and Elpida Memory (Hitachi and NEC) in fixing the prices of DRAM chips that are being sold to makers of American computers.
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