What is Samsung Electronics?
Samsung Electronics is a world-famous South Korean producer and distributor of electronic products. The company operates in three main segments: Computer Electronics (CE), Information Technology and Mobile Communications (IM) and Device Solutions (DS). Samsung produces TVs, printers, monitors, refrigerators, smartphones, digital cameras and many other electronic products.
Samsung Electronics is the flagship company of Samsung Group. It is the world’s largest smartphone and semiconductor maker, and has been the world’s biggest TV manufacturer for over a decade.In July 2017, Samsung overtook Intel as the largest semiconductor chip maker. As of February 2018 the company had a market capitalisation of $283.1 billion, making it the 18thlargest in the world.
Samsung declares that its mission is to: “Inspire the world with our innovative technologies, products and design that enrich people’s lives and contribute to social prosperity by creating a new future.”
Who are the key people at Samsung Electronics?
Samsung has 3 joint Presidents and CEOs, all of whom took office in March 2018. They are Kim Ki Nam, Kim Hyun Suk and Koh Dong Jin. Another key figure is Tim Baxter, who is President and Chief Executive Officer of Samsung Electronics North America. Young Sohn is President and Chief Strategy Officer for Samsung Electronics.
What is the modern history of Samsung Electronics?
Samsung Electric Industries – as it was then known – was founded in 1969. Initially it specialised in appliances such as TVs, washing machines and refrigerators, but in 1983 Samsung’s founder Lee Byung-chull announced that Samsung planned to become a DRAM (dynamic random-access memory) vendor.In 1988, Samsung Electric Industries merged with Samsung Semiconductor & Communications to form Samsung Electronics.
Samsung launched its first mobile phone in 1988, and by 2007 it had become the world’s second largest mobile manufacturer. Two years later it overtook Hewlett-Packard to become the biggest tech company by sales. However, there’ve been some controversies too – in 2009-10 Samsung was fined for its part in a price-fixing scheme; and in 2017, the group's heir apparent Lee Jae-yong was convicted of bribery and corruption and sentenced to five years in jail.
What are the latest developments at Samsung Electronics?
In its full year 2017 results, Samsung Electronics reported full-year revenue of KRW 239.58 trillion ($224 billion) and full-year operating profit of KRW 53.65 trillion ($50 billion). This was well up on the KRW 29.2 trillion ($27 billion) Samsung made in 2016.The company said its growth was chiefly driven by its components business, thanks to the memory cards used in servers and mobile devices.
Over the course of 2017 the Samsung share price climbed sharply from $790 in January to $1,000 in June and $1,217 at the end of December. To find out how the shares are doing right now, follow Capital.com. Our SMSN chart puts all the information at your fingertips.
Where does Samsung Electronics operate?
Samsung Electronics has assembly plants and points of sales in 80 countries, along with 24 R&D centres around the world. Headquartered in Suwon, South Korea, the company has a team of around 308,000 employees.
Where is Samsung Electronics traded?
The Samsung Electronics share price (005930) is set and traded on the South Korea Stock Exchange (KRX). Samsung’s GDR common shares are listed on the London Stock Exchange under the ticker symbol SMSN, and its GDR preferred shares are listed on the Luxembourg Stock Exchange. Check out Capital.com for the latest SMSN chart. We’ll keep you up to date and in the picture.
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