Samsung Electronics wants to dominate cutting-edge chipmaking
The South Korean dynasty’s third generation is taking on TSMC and Intel. Can it succeed?
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 $200bn are not much lower than those of Apple, the most valuable firm in history, and it is sitting on a cash pile of $100bn.
This article appeared in the Business section of the print edition under the headline “The third star”
Business October 23rd 2021
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