Samsung Electric Industries was established as an industrial part of Samsung Group on 19 January 1969 in Suwon, South Korea. It has also had a separate regional CEO, HC Hong, who led the business in Southwest Asia from 2015 and then moved to Latin America in 2020. The company had 3 CEOs (Ki Nam Kim, Hyun Suk Kim, and Dong-Jin Koh) from March 2018 until December 2021, when the business units were reorganized, and they were replaced by Kyung Kye-Hyun and Han Jong-hee. He announced in October 2017 that he would resign in March 2018, citing an "unprecedented crisis". In 2012, Kwon Oh-hyun was appointed the company's CEO. It is also the world's largest Semiconductor memory manufacturer and, from 2017 to 2018, had been the largest semiconductor company in the world, briefly dethroning Intel, the decades-long champion. The company is a major manufacturer of electronic components such as lithium-ion batteries, semiconductors, image sensors, camera modules, and displays for clients such as Apple, Sony, HTC, and Nokia. Samsung has also been the world's largest television manufacturer since 2006. The company is a major vendor of tablet computers, particularly its Android-powered Samsung Galaxy Tab collection, and is regarded for developing the phablet market with the Samsung Galaxy Note family of devices. It has developed 5G capable smartphones including the Galaxy S23, and foldable phones including the Galaxy Z Fold 5. Samsung is the world's largest manufacturer of mobile phones and smartphones since 2011, when it surpassed Apple, and is best known for its Samsung Galaxy brand. As of 2019, Samsung Electronics is the world's second-largest technology company by revenue, and its market capitalization stood at US$520.65 billion, the 12th largest in the world. It is majority-owned by foreign investors. Samsung Electronics has assembly plants and sales networks in 74 countries and employs around 290,000 people. Samsung Electronics has played a key role in the group's corporate governance due to cross ownership. However, Lee Jae-yong has stated his intentions on making sure his children would not inherit significant Samsung Electronics positions, which would significantly change the chaebol's inner workings. It is currently the pinnacle of the Samsung chaebol, accounting for 70% of the group's revenue in 2012. ( Korean: 삼성전자 Hanja: 三星電子 RR: Samseong Jeonja lit. Tristar Electronics, sometimes shortened to SEC and stylized as SΛMSUNG) is a South Korean multinational major appliance and consumer electronics corporation headquartered in Yeongtong-gu, Suwon, South Korea.
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