Samsung Electronics

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Samsung Electronics Co., Ltd.

logo
legal form Corporation
ISIN KR7005930003
founding 1969
Seat Suwon , South KoreaKorea SouthSouth Korea 
management
Number of employees 105.257
sales 197.6 billion USD
Branch electronics
Website Samsung worldwide
As of May 12, 2020

Korean spelling
Korean alphabet : 삼성 전자
Revised Romanization : Samseongjeonja
McCune-Reischauer : Samsŏngchŏnja

Samsung Electronics Co., Ltd. is one of the largest electronics groups worldwide and belongs to the South Korean Samsung Group (headquarters in Seoul ).

Samsung Electronics has 197 offices in 84 countries and around 105,257 employees. Samsung Electronics was founded in 1969 and the company is still based in Suwon . Since 2018, Ki Nam Kim , Hyun Suk Kim and Dong Jin Koh have been joint co- presidents and co- CEOs of Samsung Electronics. The company is listed in KOSPI on the Korea Exchange . With a turnover of 197.6 billion US dollars and a profit of 18.45 billion US dollars, Samsung Electronics is the 13th largest company in the world according to Forbes Global 2000 (as of FY 2019). According to the Fortune 500 , it is one of the 20 companies with the highest sales worldwide (as of 2019). The company had a market capitalization of $ 278.7 billion in early 2018, making it the most valuable Korean company.

The company sees itself as the global market leader in televisions, cell phones, smartphones, refrigerators, storage products ( DRAM , NAND , SSD ) and wearable devices .

history

Younger story

Samsung Electronics generated 2011 an operating profit of 10.84 billion euros. The turnover was 111.82 billion euros. Samsung Electronics' investment budget was increased to 12.7 billion euros in 2010. Samsung Electronics is investing more than its competitors Intel , IBM and Sony combined. In April 2011, Samsung sold its hard drive division to Seagate Technology . In 2011, Samsung Electronics sold 6.99 million laser printers, 47.69 million televisions and 13.17 million mobile PCs worldwide.

Samsung SP1203N (IDE hard drive / 120 GB / 7200 / min)

In February 2012 it became known through media reports that Samsung was spinning off its loss-making business with liquid crystal displays. The deficit was caused, among other things, by increasing competition from China and the decline in the trade in television sets. Due to an oversupply in the market, an operating loss had to be reported for four quarters in a row. By separating the LCD division, the aim is to use resources more effectively and respond to customer needs. In the fourth quarter of 2014, Samsung Electronics generated sales of 42.81 billion euros and a consolidated operating profit of 4.29 billion euros.

Since 2014 the company has acquired nine companies: B. SELBY, SmartThings, Simpress, LoopPay and Joyent. Samsung Electronics wants to secure its supremacy in the industry after the smartphone era with the acquisitions of startups. The company has already emphasized several times to grow in the IoT area. In 2016, Samsung Electronics acquired the Canadian online advertising company AdGear. The South Korean company wants to become more independent in the software sector and free itself from the dependence on Google's Android .

In the television segment , the company wants to say goodbye to OLED technology and to rely on quantum dot technology (QLED) in the future . Unsolvable problems such as the limited service life, the burn-in effect and the high manufacturing costs are the reasons for this decision. The competitor LG Electronics, however, relies on OLED technology. The company announced in mid-2016 that its OLED televisions would last 100,000 hours because of the elaborate quality controls. At the start of development in 2013, the lifespan of OLED displays was 36,000 hours.

In March 2017, Samsung Electronic took over Harman International Industries for around 8 billion dollars , which, however, remains independent as a subsidiary. Harman now generates a large part of its sales with electronics and software for intelligent cars and autonomous driving.

In 2015, the USA was the most important sales market for Samsung Electronics with a sales share of 34%. Europe only accounted for 19% of sales (with a downward trend), followed by China with 15%. Especially in China, the South Korean company is losing market share due to strong domestic competitors.

In September 2016, Samsung Electronics sold its printer business to HP Inc. for approximately one billion US dollars. The integration by HP was completed on November 1, 2017.

Galaxy Note 7 sales stop

Shortly after the launch of the new Galaxy Note 7 smartphone in early September 2016, cases became known in which the built-in battery overheated and devices sometimes went up in flames. Samsung Electronics recalled several million Galaxy Note 7s shipped from September 19 and stopped sales at the same time. Customers were asked to stop using the devices and to exchange them. The batteries were produced by Samsung SDI and Amperex Technology Limited (ATL). After the first Note 7 replacement devices were delivered, cases of overheated batteries were again confirmed. Some larger cell phone providers in the US offered buyers to return the Note 7 and exchange it for another device. On October 11, 2016, Samsung announced that all delivered devices would be recalled again and production of the Note 7 would finally be discontinued. The recalled Note 7 devices are to be completely destroyed. The losses incurred for Samsung by the Galaxy Note 7 are estimated at around 17 billion US dollars.

The tests carried out by Samsung, TÜV Rheinland , the UL test laboratory and the Exponent test laboratory showed that no mistakes were made in the logistics and installation. Rather, the fault lay in the tight specification and inadequate quality control. Specifically, the bent battery corners and the thin insulation layer on the batteries of both suppliers were responsible for the short circuits. The company promised to improve quality control and made several apologies to customers.

  • 1969-1979

  • 1980-1992

  • 1993-2015

  • since 2015

Business areas

Samsung Galaxy Note
Samsung business

Samsung Electronics is divided into three divisions. Each division is responsible for two to four business areas.

IT and mobile communication

  • Mobile communication
  • network

Electronics for consumers

  • Visual display
  • Digital devices
  • Printer solutions
  • Health and medical equipment

Hardware solutions

  • Storage
  • System LSI
  • LED

Web links

Commons : Samsung Electronics  - collection of pictures, videos and audio files

Individual evidence

  1. ↑ a b About Samsung: CEO. In: samsung.com. Retrieved February 24, 2020 .
  2. ↑ Samsung Electronics names non-executive director as board chairman in company first. In: Reuters. February 21, 2020, accessed on February 24, 2020 .
  3. ↑ a b c [1] (forbes.com, accessed July 2, 2020)
  4. ↑ a b Samsung Electronics on the Forbes Top Multinational Performers List . In: Forbes . ( forbes.com [accessed November 20, 2017]).
  5. ↑ About SAMSUNG - SAMSUNG. In: www.samsung.com. Retrieved May 8, 2016 .
  6. ^ Sustainability Report 2015. Samsung Electronics, accessed June 12, 2016 .
  7. ↑ Samsung Electronics Announces Fourth Quarter and Fiscal Year 2011 Results (January 27, 2012)
  8. ↑ Wirtschaftsblatt - Billion investment: Samsung becomes the measure of all things ( Memento from August 28, 2010 in the Internet Archive ) (May 18, 2010)
  9. ↑ Samsung sells hard drive division to Seagate ( Memento of the original from May 22, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (April 19, 2011) @1@ 2Template: Webachiv / IABot / www.channelpartner.de
  10. ↑ Samsung Electronics - Facts and Figures Retrieved March 5, 2013.
  11. ↑ Samsung says goodbye to LCD screens, FTD of February 20, 2012 ( memento of February 20, 2012 in the Internet Archive ), accessed on March 20, 2012
  12. ↑ Kim Young-won: Samsung shows growing appetite for start-up M & As. The Korean Herald, June 17, 2016, accessed June 17, 2016 .
  13. ↑ Lee Seung-hoon: Samsung Electronics in shopping spree buys Canada-based AdGear. Pulsenews, June 24, 2016, accessed June 24, 2016 .
  14. ^ Lee Gi-jong: Samsung Electronics to Skip OLED TV and Go Straight to QLED TV. IPnomics, May 24, 2016, accessed June 19, 2016 .
  15. ↑ Lee Min-hyung: 'Thorough inspection brings perfection to LG's OLED TV'. The Korea Times, June 6, 2016, accessed June 19, 2016 .
  16. ↑ Samsung: Harman acquisition completed. In: heise.de. March 12, 2017, accessed May 20, 2020 .
  17. ↑ Lee Seung-hoon: Samsung Elec's 2015 sales figure ups in US, drops in Europe and China. PulseNews, July 3, 2016, accessed July 4, 2016 .
  18. ↑ HP Inc buys Samsung Electronics' printer business. it times, September 13, 2016, accessed September 14, 2016 .
  19. ↑ 2018-01-BusinessPartner-PBS , p. 52.
  20. ↑ Samsung calls back Note 7 due to exploding batteries | ZDNet.de . In: ZDNet.de . September 1, 2016 ( zdnet.de [accessed October 13, 2016]).
  21. ↑ tagesschau.de: Off for Galaxy Note 7: Samsung in the smartphone crisis. In: tagesschau.de. Retrieved October 13, 2016 .
  22. ↑ n-tv news television: Toxic end of the Galaxy Note 7: Samsung destroys millions of smartphones . In: n-tv.de . ( n-tv.de [accessed on October 13, 2016]).
  23. ↑ Sales loss of 17 billion dollars: Samsung completely discontinues Note 7 production ›Meedia. October 11, 2016. Retrieved October 13, 2016 .
  24. ↑ Daniel AJ Sokolov, Florian Müssig: Galaxy Note 7: How the short circuit came about and what happens now. In: Heise Online. January 23, 2017. Retrieved March 13, 2017 .