Samsung Electronics Co., Ltd. mainly engaged in the production of consumer electronic products. It operates in two divisions: end product division and component division.
Its end product division produces digital media products, such as digital televisions (TVs), monitors, printers, computers, air conditioners, refrigerators and others, and communication products, such as mobile phones and network systems.
Its component division produces semiconductors, such as memories, storages and others, and liquid crystal display (LCD) products, such as thin film transistor (TFT) LCDs and active-matrix organic light-emitting diodes (AMOLEDs). On April 1, 2012, it merged with SAMSUNG LED CO.,LTD., and spun-off its LCD business. On August 13, 2012, it acquired a 100% stake in its sub-subsidiary SEHF Korea from its overseas subsidiary SEHF. On December 1, 2012, it merged with its wholly owned subsidiary, Samsung Electronics Hianan Fiberoptics Korea Co.,Ltd, mainly engaged in optical lens business.
Samsung is developing robots across the consumer, service and industrial landscape. In 2015, the company was tasked by South Korea’s Minsitry of Trade, Industry and Energy to build high-precision robots to compete with cheap human labor in China. The South Korean government is hoping that Samsung will be able to make the required robots by the end of 2018. The company has also established a $100 million lab focused on robotics, drones and 3D printing with the aim of developing solutions to go in-hand with its manufacturing capabilities and further the vision of an IoT connected product ecosystem.
Login or become a member to access more detailed company information
Already a Member?
Not a Member Yet?