Samsung Electronics is a major South Korean multinational corporation known for its Samsung Galaxy brand. It is the world's second-largest technology company by revenue and a leading manufacturer of smartphones, tablets, televisions, and electronic components.
Lee Byung-Chul started Samsung group as a trading company at a grocery store. The company later expanded into electronics, insurance, broadcasting, securities, and department stores.
In 1947, Samsung expanded to Seoul but had to leave during the Korean War. Lee Byung-chul then ventured into various industries, including a sugar refinery in Busan, textiles, and establishing the largest woolen mill in Korea.
In the year 1950, Samsung was mentioned 2 times on Google Scholar.
In the year 1955, Samsung was mentioned 2 times on Google Scholar.
In the year 1960, Samsung was mentioned 6 times on Google Scholar.
Despite facing challenges such as a political coup, charges of illegal profiteering against Lee, and a family scandal of smuggling in 1961, Samsung continues to grow by expanding into various industries.
In the year 1965, Samsung was mentioned 7 times on Google Scholar.
On December 30th, 1968, 7 promoters, including founding Chairman ByungChull Lee, gathered to enter a new field and elect executives for Samsung Electronics. SangHee Jung was appointed as the first representative director.
Samsung and Electronics won the most votes, leading to the establishment of Samsung Electronics Corporation on January 13th, 1969.
Samsung Electric Industries was established as part of Samsung Group in Suwon, South Korea. It marked the beginning of Samsung's venture into the manufacturing industry.
Samsung established a joint venture with Japan's NEC Corporation to manufacture home appliances and audiovisual devices. This joint venture later became Samsung SDI, the group's display and battery business unit.
In 1972, Samsung completed the construction of a table calculator factory and a TV factory.
Samsung and Sanyo created Samsung-Sanyo Parts, which later evolved into Samsung Electro-Mechanics. This marked an important development in Samsung's expansion into electronic components manufacturing.
Samsung began manufacturing washing machines and refrigerators, expanding its product line beyond electronics. This move marked a significant growth in the company's offerings.
In the year 1975, Samsung was mentioned 10 times on Google Scholar.
In 1977, Samsung Electro-Mechanics merged with Samsung Electronics, marking a significant consolidation within the Samsung organization.
In July 1978, Samsung Electronics America (SEA) was established, expanding Samsung's presence in the American market.
By December 1978, Samsung Electronics achieved a milestone by producing 5 million TVs, showcasing its growing manufacturing capabilities.
In 1979, Samsung established the Suwon R&D Center, which became operational in April 1980, demonstrating Samsung's commitment to research and development.
In 1980, Samsung entered the telecommunications hardware industry by acquiring Hanguk Jeonja Tongsin. They initially focused on telephone switchboards and later expanded into mobile phone manufacturing.
In 1981, Samsung organized its partnership program.
In June 23, 1982, Samsung expanded internationally by establishing a sales subsidiary in Germany.
On December 3, 1982, Samsung inaugurated a General Exhibition center in Suwon, South Korea.
In February 1983, Samsung announced its goal to become a dynamic random-access memory (DRAM) vendor through the 'Tokyo declaration'. This marked a significant shift in Samsung's business focus towards semiconductor technology.
By 1984, Samsung's sales had reached one trillion won, showcasing the company's significant growth and success in various industries.
On August 29, 1985, Samsung is appointed as the official sponsor for the 1986 Asian Games and the 1988 Olympic Games.
On November 12, 1987, Samsung achieves a major milestone by manufacturing its one millionth videocassette recorder.
In 1988, the founder of Samsung, Lee Byung-chul, passes away, leading to his son, Lee Kun-hee, taking over the reins of the company.
In 1989, Samsung Semiconductor and Telecommunications merge with Samsung Electronics, consolidating their focus on home appliances, telecommunications, and semiconductors.
In July 1990, DongBang Life Insurance undergoes a name change and becomes Samsung Life Insurance.
Samsung achieved a milestone by developing its first mobile phone handset, signaling its entry into the telecommunications sector. This innovation paved the way for Samsung's future success in the mobile industry.
Samsung Electronics commercially introduced SDRAM (synchronous dynamic random-access memory) in 1992.
In October 1993, Ankuk Fire & Marine Insurance is renamed to Samsung Fire & Marine Insurance.
In 1994, Samsung established Samsung Motors as a sub-organization.
In the year 1995, Samsung was mentioned 1,710 times on Google Scholar.
In 1996, Samsung initiated a global design program after Chairman Lee declared it 'The Year of Design Revolution'. This program aimed to make design a strategic asset and competitive advantage for the company.
In 1998, Samsung achieved a milestone by completing the development of flat-screen televisions and initiating mass production of digital TVs. Additionally, Samsung Motors delivered its first cars in the same year.
In 1999, Samsung Ventures was founded with the aim of investing in startup companies that aligned with Samsung's core services. This strategic move reflected Samsung's interest in fostering innovation and growth in related industries.
In the year 2000, Samsung was mentioned 4,590 times on Google Scholar.
In October 2001, Samsung released the Samsung SPH-1300, an early prototype of a touch-screen slab-phone with a finger-centric interface. Reviewer Bruce Brown noted the disadvantage of using a touch screen as a phone dialer.
In June 2004, Samsung became one of the first major electronics companies to publicly announce the elimination of PVC and BFRs from their new product models.
In the year 2005, Samsung was mentioned 10,100 times on Google Scholar.
In 2006, Samsung became the top-selling global manufacturer of televisions, leading the market with enhanced clarity, picture quality, and frame technology.
In October 2007, Samsung introduced a ten-millimeter thick, 40-inch LCD television panel, showcasing its innovation in display technology.
In March 2008, Samsung acquired the intellectual property assets of Clairvoyante, Inc., a company that developed PenTile subpixel rendering display technology and gamut mapping algorithms.
In June 2008, Samsung released the Samsung Instinct, a new product in their lineup.
In 2009, Samsung surpassed Hewlett-Packard to become the world's largest technology company in terms of sales, achieving total revenues of US$117.4 billion.
After returning from a temporary retirement period in March 2010, Samsung's chairman Lee Kun-hee expressed concerns about the company's future, mentioning that most flagship products might become obsolete in the next 10 years.
After April 2010, Samsung ensured that all their mobile phones and MP3 players were free from harmful substances like polyvinyl chloride (PVC) and brominated flame retardants (BFRs).
The Samsung Galaxy S series of smartphones was launched in June 2010, marking a direct competition with the Apple iPhone.
In July 2010, Samsung launched the Vibrant smartphone.
In October 2010, Samsung introduced the Focus smartphone.
In December 2010, the European Commission fined Samsung and five other LCD panel producers a total of €648 million for operating as a cartel. Samsung received a full reduction of the potential fine for being the first firm to assist EU anti-trust authorities.
Samsung acquires Liquavista, a company specializing in electrowetting display technology for e-readers, mobile phones, and media players, known for its low battery consumption.
On 15 April 2011, Apple sued Samsung in the United States District Court for the Northern District of California, alleging patent infringement on several Samsung Android phones and tablets. The lawsuit included federal claims for patent infringement, false designation of origin, unfair competition, and trademark infringement.
On August 1, 2011, Samsung makes an acquisition, but the specific details are not provided in the input.
On 19 October 2011, Samsung was fined €145.73 million for being part of a price cartel of ten companies for DRAMs, which lasted from 1 July 1998 to 15 June 2002. Samsung, like most other members of the cartel, received a 10% reduction for acknowledging the facts to investigators.
Samsung acquires Grandis Inc., a vendor specializing in spin-transfer torque random access memory (STT-RAM). The acquired company is set to integrate into Samsung's R&D division to work on next-generation memory technologies.
On May 9, 2012, Samsung acquired mSpot, a mobile entertainment and music streaming startup, enhancing the cloud entertainment experience for Samsung device users.
On August 1, 2012, the Samsung Strategy and Innovation Center (SSIC) was established as a global organization under Samsung's Device Solutions division. It was dedicated to discovering and supporting new technologies.
On 24 August 2012, a jury returned a verdict largely favorable to Apple in a lawsuit against Samsung. The jury found that Samsung had willfully infringed on Apple's design and utility patents, awarding Apple $1.049 billion in damages.
On August 31, 2012, the Tokyo District Court ruled that Samsung Electronics' mobile devices did not violate an Apple patent related to data synchronization.
On October 18, 2012, the U.K. High Court ruled that Samsung did not infringe Apple's design patents, leading to Apple issuing a court-ordered apology to Samsung.
In December 15, 2012, Samsung acquired Nanoradio, a Swedish company known for developing ultra low power Wireless LAN chipsets for high-speed wireless access in mobile phones. This acquisition aimed to enhance Samsung's capabilities in wireless technology.
In January 29, 2013, Samsung acquired NVELO, a storage solutions firm based in Santa Clara, California. NVELO is known for developing next-generation SSD storage solutions and optimizing the use of solid state drives within subsystems.
Samsung was accused of hiring students to spread harmful comments about competitors in Taiwan. Samsung later announced stopping such online marketing strategies.
On July 3, 2013, Samsung acquired NeuroLogica, a medical imaging company based in Danvers, Massachusetts. NeuroLogica is recognized for its portable CT scanners like BodyTom and CereTom, as Samsung aimed to expand into the medical technology sector.
In August 2013, Samsung acquired Boxee, an Israeli and New York City-based streaming media and entertainment startup, for US$ 30 million. The acquisition aimed to expand Samsung's presence in the smart TV market.
On 6 September 2013, Samsung launched its 55-inch curved OLED TV in the United Kingdom, showcasing its cutting-edge display technology.
On 11 September 2013, Samsung's mobile business chief announced plans to enhance the company's presence in China to compete with Apple.
On 14 October 2013, Samsung Electronics publicly apologized for using refurbished components from cheaper desktop computers in higher-end products.
Samsung sponsored the 86th Academy Awards in March 2014, donating US$3 million to charities chosen by host Ellen DeGeneres.
On 17 April 2014, Samsung announced the discontinuation of its ebook store and collaboration with Amazon to introduce the Kindle for Samsung app.
Barnes & Noble announced a partnership with Samsung to develop Nook tablets. The company also mentioned plans to continue selling its Nook Glowlight e-readers and relocating Nook employees to a smaller space to save costs.
Samsung acquired social-video startup Shelby.tv to create its own curated video service. After the acquisition, Shelby.tv was promptly shut down.
Samsung acquired mobile cloud printing company PrinterOn to complement Samsung’s mobile ecosystem.
In January 30, 2015, Samsung acquired Proximal Data, a California-based pioneer of server-side caching software with I/O intelligence that work within virtualized systems.
On February 18, 2015, Samsung acquired Brazilian printing solutions company Simpress.
In March 17, 2015, Samsung acquired mobile payments firm LoopPay, a mobile wallet solutions provider that turns existing magnetic stripe readers into secure, contactless receivers.
On 27 March 2015, Samsung announced the sale of its headquarters in Roppongi T-Cube to Mitsui Fudosan. The staff had already been relocated to Iidabashi as part of this transition.
Samsung acquires Canadian advertising technology vendor AdGear, specializing in media buying and data management.
Samsung acquires Joyent, a San Francisco-based public and private cloud provider, to migrate infrastructure and data to its own cloud platform for better control and economies of scale.
Samsung delayed shipments of the Galaxy Note 7 due to reports of batteries exploding while charging. They suspended sales and initiated a worldwide product exchange program after receiving reports of battery failure.
The U.S. Consumer Product Safety Commission issued an official recall notice for the Samsung Galaxy Note 7 after reports of batteries overheating, burns, and property damage.
Samsung acquires luxury kitchen appliances brand DACOR as part of its expansion into the luxury market.
Samsung decided to permanently end production of the Galaxy Note 7 due to safety concerns after replacement phones also caught fire.
Samsung acquires next-gen artificial intelligence assistant Viv, known for developing an open AI platform for third-party developers to build conversational assistants and integrate natural language interfaces into applications and services.
Samsung recalled 2.8 million top-load washing machines due to the risk of the top detaching from the chassis during use.
Samsung acquires American Harman International Industries for US$ 8 billion. Harman designs and engineers connected products and solutions for automakers, consumers, and enterprises worldwide, including connected car systems, audio and visual products, enterprise automation solutions; and connected services.
Samsung acquires Virginia-based startup Tachyon, an enterprise mobile device configuration and development software provider. The acquisition is aimed at extending Samsung's enterprise mobile device management.
On February 3, 2017, Samsung acquired United States-based quantum dot specialist QD Vision to enhance its display, TV, and other potential businesses.
Samsung acquires Perch, a home monitoring software company, to enhance their Internet of Things system. Perch specializes in developing a smart home monitoring platform that allows the use of old smartphones as security cameras.
On 6 April 2017, Samsung Electronics reported improved financial performance, attributing it to the significant contribution of memory chips and flexible displays to the company's operating profit.
Samsung received approval from the Ministry of Land, Infrastructure, and Transport of Korea on 2 May 2017 to commence testing self-driving car technology. The company planned to use a customized Hyundai car for the tests.
Samsung acquires Melaud, a Swedish headphone manufacturer known for developing headphones that can adjust music based on the user's body signals during exercise.
In 2017, Samsung acquired New York-based mobile virtual reality startup VRB for US$ 5.5 million. The startup is known for developing apps to capture and view 360-degree content.
On July 13, 2017, Samsung Electronics showcased an LED screen for digital cinema in collaboration with GDC Technology Limited at Lotte Cinema World Tower in Seoul.
The success story of Samsung Group was accessed on November 4, 2017, highlighting the achievements and milestones of the company.
Samsung Electronics acquired Genoa Color Technologies on November 26, 2017.
Samsung Electronics acquired Genoa Color Technologies as reported on crunchbase.com in November 2017.
Samsung Electronics made acquisitions in the tech industry. The information was retrieved from crunchbase.com.
Samsung acquired Shelby.tv, a video service, and closed it to develop its own curated video platform.
In 2018, Samsung acquired Greek multilingual voice tech startup Innoetics to enhance its Bixby voice assistant.
Samsung acquired LoopPay, a company known for developing a competitor to Apple Pay.
Samsung made a significant move by acquiring QD Vision, a company specializing in quantum dot technology.
Samsung SDS collaborated with SAP in the B2B solution business, aiming to enhance their business offerings.
In May 2019, Samsung demonstrated the reception of 8K content via satellite in Europe using a Samsung TV without the need for an external receiver. This showcased the advancement in broadcast technology.
In May 2020, Lee Jae-yong, the executive chairman of Samsung Electronics, declared that his children would not inherit significant leadership roles in the company. This decision aimed to reform the chaebol system within Samsung.
Samsung Electronics, along with Sony Corporation, Hitachi, LG Electronics, and Apple, were mentioned in a Google Trends report.
A book related to Samsung was referenced in a source from Google Books.
Samsung begins producing bitcoin mining chips in collaboration with a Chinese mining firm within its semiconductor division called Foundry.
Samsung Electronics officially appointed Lee Jae-yong as the executive chairman, marking his ascent to the leadership position within the company.
On November 24, 2021, Samsung revealed plans to build a semiconductor manufacturing facility in Taylor, Texas. This $17 billion investment aims to enhance the production of advanced logic semiconductors, potentially as advanced as 3 nanometers.
On 30 November 2021, Samsung Electronics announced that they would be producing new auto chips for Volkswagen vehicles, specifically logic chips for entertainment systems to provide 5G telecommunications.
In December 2021, Samsung Electronics announced the merger of its mobile and consumer electronics divisions. This restructuring included appointing new leaders to the business units, with Kyung Kye-Hyun and Han Jong-hee taking on key roles.
An advertisement of Samsung Electronics' smartphone was observed at its shop in Seoul, South Korea. This event is a part of the company's marketing and promotional activities.
On May 20, 2022, President Biden met with South Korean President Yoon Suk-yeol at Samsung Electronics' semiconductor complex in Pyeongtaek, South Korea. The leaders discussed the importance of the semiconductor industry and enhancing technological collaboration between the two nations.
On June 6, 2022, Samsung launched the Odyssey Neo G8 gaming monitor, the world's first 4K monitor with a refresh rate of 240 Hz, featuring advanced display technologies and certifications.
In 2023, the U.S. Environmental Protection Agency (EPA) honored Samsung with its 10th consecutive Sustainable Excellence Award in the manufacturer's category.
The Galaxy S23 FE is expected to be released for pre-order in 2024.