It's no secret that Samsung is a gigantic company. In today's society, it is mainly known for the production of smartphones and other electronics, but few remember that Samsung is also behind various cooling systems, and few know that it built a gigantic floating refinery, the 500-meter Prelude, for Shell. But do you know how it all came about and how much Samsung actually owns or made? You will definitely be surprised - did you know that Samsung built the tallest building in the world, the Burj Khalifa or the Petronas Towers in Malaysia?
The company was founded in 1938, i.e. at a time when the Second World War was slowly starting in Europe. It was a business that cooperated with local food and had 2 employees. The company then traded in pasta, wool and sugar. In the 40s, Samsung branched out into other industries, opening its own stores, trading securities, and becoming an insurance company. At the end of the 50s, the company plunged into the production of electronics. The first electronic product was a 60-inch black and white TV. Samsung looked further into the future when it introduced its very first desktop computer in 12.
In the 90s, after the fall of Communism in the Eastern Bloc, Samsung began to gain a strong position overseas and began selling its first NoteMaster notebook with the option of simply replacing the processor, which was located above the keyboard. The consumer electronics industry gradually developed into what it is today, and during that time Samsung began producing phones and the first smart watches even before push-button phones with color displays took over the world and later smartphones, tablets, MP3 players and VR devices.
Since 1993, Samsung has been the largest manufacturer of memory modules in the world and has maintained this position for 22 years. Samsung processors are also used in phones today iPhone and in iPad tablets. In 2010, Samsung became the largest smartphone manufacturer in the world. Since 2006, it has been the largest manufacturer of televisions and LCD panels. Samsung's power is so huge that up to 98% of the AMOLED display market belongs to it.
Behind all this, understandably, big expenses – in 2014 alone, the company invested 14 billion dollars in research and development. It also had $305 billion in sales that year—compared to Apple had 183 billion and Google "only" 66 billion. The giant also spends heavily on its employees - it employs 490 of them! That's more than he has Apple, Google and Microsoft combined. And as a bonus, in the 90s she invested in the fashion brand FUBU, which has made $6 billion to date.
The Samsung conglomerate consists of 80 different units. They operate independently of each other, so investors can choose for themselves which sector they decide to invest in. They all have a common philosophy - openness. Interestingly, the construction industry includes Samsung Engineering & Construction, which has also built some majestic buildings, including the tallest skyscraper in the world, the Burj Khalifa in Dubai.
