Samsung Electronics Co., Ltd.
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in mil. unless spec.Company Description
- CEO
- Tae-Moon Roh
- Full Time Employees
- 128,881
- Sector
- Technology
- Industry
- Consumer Electronics
- Address
- 129, Samsung-ro Suwon-si GY South Korea 16677
- IPO Date
- Aug 6, 2001
- Website
- samsung.com
- Similar Companies
- Business
- Samsung Electronics Co., Ltd. is a multinational electronics and information technology company primarily engaged in the manufacturing and sales of a broad range of consumer electronics, semiconductors, and telecommunications products. Its main products and services include smartphones under the Samsung Galaxy brand (Galaxy S series, Galaxy A series, Galaxy Fold and Flip series); tablets such as the Galaxy Tab series; digital displays including LCD, LED, OLED panels, and televisions; home appliances like refrigerators, washing machines, air conditioners, microwave ovens, vacuum and robot vacuum cleaners; semiconductor products including memory chips (DRAM, NAND flash), image sensors, camera modules, and mobile application processors; solid-state drives; and telecommunications network equipment. Samsung also offers consumer services such as Samsung Pay and Samsung TV Plus, and is a key supplier of electronics components to other major tech companies. The company operates globally with assembly plants and sales networks in over 80 countries and employs around 370,000 people. Founded in 1969 and headquartered in Suwon, South Korea, Samsung Electronics is the flagship subsidiary of the Samsung Group. Recent major changes include Samsung's unveiling of its "AI for All" vision at CES 2024, highlighting the integration of artificial intelligence technology across its product range including AI-enabled visual displays, digital appliances like the Bespoke Jet Bot Combo vacuum cleaner, and smart home devices. Samsung also announced a strategic partnership with Hyundai Motor Group to develop Home-to-Car and Car-to-Home smart connectivity services leveraging Samsung’s SmartThings platform. Additionally, Samsung has undergone leadership reshuffles particularly in its semiconductor division to bolster competitiveness in the AI chip market amid intensifying competition. Product launches in 2024 include advancements in the Galaxy smartphone lineup, such as the Galaxy Z Fold 6 and Flip 6, and smart TVs with enhanced AI capabilities designed to improve accessibility and user experience. These developments reflect Samsung’s expanded focus on AI integration, smart home ecosystems, and automotive technology, alongside its continued leadership in semiconductors and consumer electronics. Samsung serves diverse market segments, from individual consumers for mobile and home electronic products to industrial clients for semiconductor and electronic component supplies. Its geographic operations span North America, Europe, Asia, and emerging markets, with significant investment in semiconductor fabrication including new manufacturing facilities like the $17 billion investment in Texas announced earlier to enhance chip production capacity. Samsung Electronics continues to lead in innovation within key sectors including AI application, 5G technologies, smart devices, and sustainable electronics manufacturing practices. In summary, Samsung Electronics Co., Ltd. stands as a global leader in consumer and industrial electronics, recognized for its comprehensive product portfolio encompassing smartphones, home appliances, digital displays, semiconductors, and smart solutions, powered by recent strategic AI advancements and key partnerships that shape its continuous evolution in the technology landscape.
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