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Samsung Electronics
Summary
Samsung Electronics Co., Ltd. (, sometimes shortened to SEC and stylized as SΛMSUNG) is a South Korean multinational major appliance and consumer electronics corporation headquartered in Yeongtong-gu, Suwon, South Korea. It is currently the pinnacle of the Samsung chaebol, accounting for 70% of the group's revenue in 2012. However, Lee Jae-yong has stated his intentions on making sure his children would not inherit significant Samsung Electronics positions, which would significantly change the chaebol's inner workings.
Samsung Electronics has played a key role in the group's corporate governance due to cross 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. Samsung Electronics is the world's second-largest technology company by revenue, and its market capitalization stood at US$520.65 billion, the 12th largest in the world.
Samsung is the world's largest manufacturer of mobile phones and smartphones since 2011, when it surpassed Apple, and is best known for its Samsung Galaxy brand. It has developed 5G capable smartphones including the Galaxy S23, and foldable phones including the Galaxy Z Fold 5. The company is a major vendor of tablet computers, particularly its Android-powered Samsung Galaxy Tab collection, and is regarded for developing the phablet market with the Samsung Galaxy Note family of devices. Samsung has also been the world's largest television manufacturer since 2006.
The company is a major manufacturer of electronic components such as lithium-ion batteries, semiconductors, s, camera modules, and displays for clients such as Apple, Sony, HTC, and Nokia. It is also the world's largest Semiconductor memory 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. He announced in October 2017 that he would resign in March 2018, citing an "unprecedented crisis".
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