Samsung Electronics, one of the largest electronics companies in the world, is headquartered in Seoul, South Korea and is part of the Korean Samsung Group. It operates in approximately 58 countries and revenue in 2003 was over 101 billion USD. The name samsung literally means "three stars" or "tristar" in Korean.
The Samsung Group was founded in 1938 by Lee Byung-chul (1910-1987). It was incorporated in 1951 as Samsung Corporation. Samsung Electronics, a subsidiary, was founded in Daegu, South Korea.
Samsung Electronics saw record profits and revenue in 2004. In 2005, Samsung was one of the world's most valuable brands, and is now one of the top 20 in the world.
As a chip maker, the semiconductor division of Samsung Electronics is among the Worldwide Top 20 Semiconductor Sales Leaders. In 1988, it entered for the first time in the Top 20 at the 18th rank. In 2005, Samsung was number 2 after Intel, followed by Texas Instruments, Toshiba and STMicroelectronics.
Sources
Wikipedia.com
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