By Jaya Pathak
Samsung is a multinational manufacturing conglomerate company. It was founded on 1st March 1938 in Korea by Lee Byung-chul. It is headquartered in Samsung town, seal, South Korea.
Top ten amazing facts about Samsung
In this blog, we will discuss top ten amazing facts about Samsung.
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Samsung has entered into the electronic industry in the late 1960s. After the death of its founder in 1987, Samsung was further divided into 5 business groups namely Samsung group, CJ group, Shinsegae Group, Hansol Group and JoongAng Group.
- In Korean hanja, Samsung means three stars symbolizing something powerful and everlasting. Speech the three stands for something big, numerous and powerful while stars and its symbol stands for everlasting or eternal.
- As of 2024, Samsung has the world’s fifth highest brand value.
- Samsung Electronics went public in 1975 on the Korea Stock Exchange, marking its transformation into a global electronics powerhouse.
- Samsung became the world’s largest producer of memory chips in 1992 and is the world’s second largest chip maker after Intel.
- Samsung has announced a 10 year growth strategy centred around 5 businesses in 2010. One of these businesses was to be focused on biopharmaceuticals to which has committed 2.1 trillion. In the first quarter of 2012, Samsung electronics became the world’s largest mobile phone maker by unit cells, overtaking Nokia which had been the market leader since 1998.
- In 2015, Samsung has been granted more US patents than any other company. The company received 7679 utility patents through 11 December.
- The Galaxy Note 7 smartphone went on sale on 19 August 2016. However, in the early September 2016, Samsung suspended sales of the phone and announced an informal recall. This action was taken after some units of the phones were found to have batteries with the defect that caused them to generate excessive heat, leading to fires and explosions. Samsung replaced the recalled units of the phones with a new version. However, it was later discovered that the new version of the galaxy note 7 also had the battery effect. Consequently, Samsung recalled all Galaxy Note 7 smartphones worldwide on 10th October 2016 and permanently seized the production of the phone the following day.
- Samsung inaugurated the world’s largest mobile manufacturing facility in Noida, India in 2018, in the presence of Indian Prime Minister Narendra Modi and South Korean president Moon Jae in.
- Samsung is operated in 74 countries and it employs over 2,67,000 people worldwide as of March 2023.
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Samsung becomes the first company market of foldable smartphone after introducing the Galaxy fold in 2019. The foldable innovation of Samsung seamlessly transitions between phone and tablet functionalities.
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