The company has spent US$14.857 billion on R&D in 2017, which was the 2nd largest amount spent in the world. Samsung operates 34 R&D centers across the world. Usually, the more a business invests in R&D, the more innovations it creates. Innovation is crucial to succeeding in the technology sector. Very high research and development (R&D) expenditure resulting in one of the strongest patent portfolios among technology companies. You can find more information about the business in Samsung Electronic’s official website or Wikipedia’s article. Samsung operates in 79 countries, where it sells a range of more than 100 products. It is also the largest memory chip and TV manufacturer. The company is the world’s largest mobile phone and smartphone vendor. Device solutions – Memory Business, System LSI Business and LED Business.IT and Mobile communications – Mobile Communications Business and Networks Business.Consumer electronics – Visual Display Business, Digital Appliances Business, Printing Solutions Business and Health & Medical Equipment Business.Samsung operates three business divisions: The company produces consumer electronics, telecommunications equipment, semiconductors and home appliances. (further Samsung), a part of the Samsung Group, is the world’s second largest technology company by revenue. Company Background Key Factsĭongjin Koh (IT and Mobile Communications)Ģ11.812 billion (2017) 18.7% increase over 178.473 billion (2016)ģ7.298 billion (2017) 85.6% increase over 20.092 billion (2016)Īpple Inc., Nokia OYJ, Intel Corporation, LG Display and LG Electronics, Sony Corporation, Texas Instruments Inc., Lenovo Group Limited, Hewlett-Packard Company, Sanyo Electric Co., Ltd., Toshiba Corporation, SK Hynix Inc., Western Digital Corporation and many other consumer electronics, telecommunications equipment, semiconductor and home appliance companies. If you want to find out more about the SWOT of Samsung, you’re in the right place.įor more information on how to do a SWOT analysis please refer to our article. It identifies all the key strengths, weaknesses, opportunities and threats that affect the company the most. This Samsung SWOT analysis reveals how the second largest technology company used its competitive advantages to become a leader in consumer electronics, home appliances and semiconductors industries.
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