Initially, Samsung sold food products such as noodles. It wasn’t until 1970 that the company sold its first electronic product.
Whenever I think of purchasing a new device or appliance, Samsung always comes to mind. This Korean electronic powerhouse is the leader in every area of electronics, particularly in the cell phone industry.
Over the past few decades, Samsung has been at the forefront of technological development and innovation, offering mind-blowing TVs and unprecedented smartphones.
In this article, we will explore 30 facts about the electronic superstar Samsung.
Samsung initially sold noodles and other food products. It wasn’t until 1970 that the company sold its first electronic product, a 12-inch black and white TV.
Samsung focuses on creating as much as possible in-house. Around 90% of Samsung equipment is made in Samsung factories.
In 2016, Samsung teamed up with Six Flags to create North America’s first virtual reality rollercoasters using Samsung VR equipment. The two companies have continued their collaboration by creating a VR game for rollercoaster riders.
Samsung is a worldwide employer, with over 236,000 staff employed in 79 countries.
As a leader in technology, Samsung has created many groundbreaking products, including the digital TV in 1998, the watch phone and MP3 phone in 1999, the 3D home theater in 2010, and the world’s first curved smartphone display in 2013.
In 2016, Samsung shipped 306 million units worldwide, an increase of 283.1 million units compared to 2010.
At one point, following the release of the Samsung S3, sales reached 500 units a minute.
Samsung is exploring the world of AI technology for their mobile devices, rivalling the likes of Cortana or Siri. Samsung’s S8 was the first device to use the flagship Bixby system.
Since 1993, over 53,400 employees have received training through Samsung’s HR Development Center, with over 64 courses offered.
Samsung’s Shipbuilding sector, which spans 400 million sq. feet (37.16 sq. km), builds more than 30 large ships per year.
The name “Samsung” means “three stars” in Korean. Samsung founder Lee Byung-Chull chose the name to represent his vision for a company as everlasting as the stars.
The Samsung logo we know today came into use in 1993. Prior to that, there were two other logos, created in 1969 and 1980, respectively.
Samsung Chairman Lee Kun Hee once made staff create a pile of 150,000 phones and fax machines before destroying them in front of a 2,000-strong crowd to make a point about the new era of quality-driven products.
Samsung created South Korea’s first-ever fighter jet, the KF-16.
In May 2017, Samsung was granted permission to carry out trials of a self-driving car in South Korea.
In 2012, Samsung invested $10.8 billion in research and development, which was over 6% of the company’s revenue and around a quarter of its employees, or 60,000 staff.
In 2017, Samsung lost a patent battle to its rival Huawei after claims that over 20 devices used technology that Samsung had not granted permission to use. Worldwide, Huawei is ranked third in smartphone producers, with Samsung being first.
In August 2016, Samsung recalled 2.5 million Note 7’s due to battery malfunctions.
Samsung has secured more patents than any other company worldwide, with 7670 U.S. patents.
Samsung has installed 34 electric car charging ports at its Silicon Valley US Headquarters to encourage employees to use electric vehicles and assist commuters. In New York, Samsung has a building named 837, which is known as a digital playground and is dedicated to showcasing Samsung’s products. Samsung is committed to sustainability and has partnered with the UN to ensure that 17 Sustainable Development Goals are met by 2030. The company has invested $4.8 billion between 2009 and 2013 to reduce 85 million tonnes of greenhouse gases. Samsung’s business empire is not limited to technology, as its construction sector was responsible for building the world’s tallest building, the Burj Khalifa. Despite facing challenges, such as its Chief being questioned over accusations of questionable donations, Samsung continues to lead the charge for innovation and new technology.
FAQ
1. What year was Samsung founded?
Samsung was founded in 1938 by Lee Byung-chul in South Korea. Initially, the company focused on trade export, but later diversified into different industries including electronics, construction, and finance.
2. What is Samsung’s biggest source of revenue?
The biggest source of revenue for Samsung is its smartphone business, which accounts for nearly 40% of the company’s total revenue. Samsung is one of the largest smartphone manufacturers in the world, competing with Apple and Huawei.
3. What is Samsung’s most successful product?
The most successful product for Samsung is the Galaxy S smartphone series. The Galaxy S series has been the company’s flagship product for many years, and has consistently been well-received by consumers around the world.
4. What is Samsung’s market share in the global smartphone market?
As of 2021, Samsung has a market share of around 20% in the global smartphone market. The company faces competition from other major players such as Apple, Huawei, and Xiaomi.
5. What is Samsung’s largest manufacturing plant?
Samsung’s largest manufacturing plant is located in Gumi, South Korea. The plant produces a wide range of products including smartphones, televisions, and home appliances.
6. What is Samsung’s current CEO?
The current CEO of Samsung is Lee Jae-yong. He took over the position in 2018 following the resignation of his father, Lee Kun-hee.
7. What is Samsung’s brand value?
As of 2021, Samsung’s brand value is estimated to be around $62.3 billion, making it one of the most valuable brands in the world. The company’s brand value has consistently been high due to its strong presence in the electronics industry.
8. What is Samsung’s involvement in the semiconductor industry?
Samsung is one of the largest players in the semiconductor industry. The company produces a wide range of products including memory chips, processors, and image sensors. Samsung’s semiconductor division is responsible for a significant portion of the company’s revenue.
9. What is Samsung’s approach to sustainability?
Samsung has taken a proactive approach to sustainability, with a focus on reducing its carbon footprint and promoting eco-friendly practices. The company has set ambitious goals to reduce its greenhouse gas emissions and increase its use of renewable energy sources.
Zayn Anderson is a prolific writer with a passion for uncovering the world’s intriguing facts. Armed with an insatiable curiosity, he delves into various subjects, from history and science to nature and technology.