Samsung Electronics Net Worth is166.4 $Billion
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Rating: 5.0/5 (1 vote cast)
Logo: Image:Samsung Logo.svg
Type: Public
Traded As: 005930, 005935, SMSN, SMSD
Foundation: 1969, As Samsung Electric Industries , 1988, As Samsung Electronics
Location: Suwon, South Korea
Area Served: Worldwide
Key People: Lee Kun-hee, (Vice Chairman and CEO)
Industry: Consumer electronics, Home appliances
Products: ''Samsung Electronics#Products''
Revenue: {{profit US$ 148.944 billion (2011) Net Income: 012.059 billion (2011) Assets: equity
Num Employees: 221,726 (2011) Parent: Samsung Group
Homepage: http://www.samsung.com
Intl: yes
Samsung Electronics Co., Ltd. (Korean: i? 1/4 i??i ?i??) is a South Korean multinational electronics company headquartered in Suwon, South Korea. It is the flagship subsidiary of the Samsung Group and was the world's largest technology company by revenues from 2009 to 2012. Samsung Electronics has assembly plants and sales networks in 61 countries and employs around 221,000 people.
Samsung Electronics is the world's largest mobile phone maker by 2011 unit sales and world's second-largest semiconductor chip maker by 2011 revenues (after Intel Corporation). It has been the world's largest television manufacturer since 2006 and the world's largest maker of LCD panels for eight consecutive years. It has the largest marketshare worldwide in memory chips. The company was the world's largest vendor of smartphones in 2011. Samsung has also established a prominent position in the tablet computer market, with the release of the Android-powered Samsung Galaxy Tab.
Samsung Electric Industries was established as a subsidiary of Samsung Group in 1969 in Suwon, South Korea. Its early products were electronic and electrical appliances including televisions, calculators, refrigerators, air conditioners and washing machines. In 1970, Samsung Group established another subsidiary, Samsung-NEC, jointly with Japan's NEC Corporation to manufacture home appliances and audiovisual devices. In 1974, the group expanded into the semiconductor business by acquiring Korea Semiconductor, one of the first chip-making facilities in the country at the time. The acquisition of Korea Telecommunications, an electronic switching system producer, was completed at the start of the next decade in 1980.
By 1981, Samsung Electric Industries had manufactured over 10 million black-and-white televisions. In February 1983, Samsung's founder, Lee Byung-chull, made an announcement later dubbed the "Tokyo declaration," in which he declared that Samsung intended to become a DRAM (dynamic random access memor

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