Samsung Electronics (SE) is a behemoth. The South Korean tech company is the crown jewel of the mighty Samsung chaebol, as the country’s conglomerates are known. It makes more smartphones than any other company in the world, as well as home-entertainment systems and appliances. It dominates the manufacturing of memory chips, which are used to store data on electronic devices and whose price has been pushed up by the global semiconductor shortage. SE’s annual revenues of $200 billion are not much lower than those of Apple, the most valuable firm in history, and it is sitting on a cash pile of $100 billion.
The Economist: Samsung Electronics wants to dominate cutting-edge chipmaking
A Samsung (L) and South Korean national flag (R) flutter at the company's Seocho building in Seoul on Oct. 8, 2021.
