- Business
- Samsung Electronics Co., Ltd. manufactures and sells a wide range of consumer electronics, IT and mobile communications devices, and semiconductors worldwide. The company offers smartphones under the Galaxy brand including the S, A, Z Fold and Z Flip series; televisions and displays such as QLED, OLED and lifestyle screens; home appliances comprising refrigerators, washing machines, air conditioners and robot vacuums; personal computers like Galaxy Book laptops; audio products through subsidiaries including Harman brands such as JBL and AKG; memory chips including DRAM, NAND flash and solid-state drives; and components like image sensors, lithium-ion batteries and LCD/OLED panels. Samsung Electronics operates assembly plants and sales networks in 76 countries with major facilities in South Korea, Vietnam, India and the United States; it was founded in 1969 and is headquartered in Suwon, South Korea. Recent developments include the acquisition of FläktGroup in 2025 to bolster data center cooling solutions amid AI demand; purchase of Xealth in 2025 to enhance digital health integration; completion of Oxford Semantic Technologies acquisition for advanced knowledge graph technology; a ₩310.79 trillion five-year investment plan announced in 2025 featuring a new chip production line; up to $6.4 billion in U.S. direct funding for Texas semiconductor facilities; price increases of up to 60% on memory chips due to AI-driven shortages; and discussions for a U.S. consumer credit card with Barclays alongside potential buy-now-pay-later services.