Timeline of Samsung
This is a timeline of Samsung.
The following are some interesting questions that can be answered by reading this timeline:
|Time period||Development summary|
|1938 – 1960s||Samsung evolves from the first grocers towards Electronics. Sugar refining, textiles, banking and insurance enterprises flourish among Samsung ventures in the 1940s and 1950s.|
|1960s||Samsung Electronics is born as a branch. From there, the company would start acquiring and creating different business establishments including a hospital, paper manufacturing plant, life insurance company, department stores and many others. Despite a political coup in 1961, charges against Lee of illegal profiteering and a family scandal of smuggling, Samsung keeps growing by diversifying business.|
|1970s||Samsung Electronics starts catering to the international market upon the acquisition of half of Korea Semiconductor which makes it the leading electronics manufacturer in the country. Under government policy of rapid industrialization, Samsung launches a number of enterprises in ship building, petrochemicals and aircraft engines.|
|1980s||Samsung enters the global marketplace. Samsung electronics merges with Samsung Semiconductors and Telecommunications. This would pave the way towards a stronger hold on the international market with high-tech products. Samsung begins exporting electronics under its own name.|
|1990s||Samsung turns into a global conglomerate, and becomes a top competitor in the changing tech world.|
|Recent Years||Samsung is today the largest South Korean conglomerate.|
|Year||Month and date||Event type||Details|
|1938||March 1||Creation||Samsung ("three starts" in Korean) is founded with 30,000 Won by Lee Byung-chul as a trading company in Su-dong, near Daegu, Korea. With forty employees, the company's major business is production and distribution of groceries within the city. At the start, the business focuses primarily on trade export, selling dried Korean fish, vegetables, and fruit to Manchuria and Beijing.|
|1947||Expansion||As the company begins to grow, Lee establishes Samsung's office in Seoul. A sugar refinery would be started soon and would succeed in a very short span of time.|
|1951||Organization||Samsung Moolsan is established (later Samsung Corporation).|
|1953||Expansion||After the Korean War, Lee launches profitable Cheil Sugar, followed by textile, banking and insurance enterprises.|
|1954||Sub-Organization||Cheil Industries is founded as an affiliate of Samsung.|
|1954||Lee builds the largest woollen mill in Korea, located in the suburbs of Daegu city.|
|1958||Acquisition||Samsung acquires Ankuk Fire % Marine Insurance.|
|1963||Acquisition||Samsung acquires DongBang Life Insurance.|
|1966||Legal||Lee family is accused of smuggling.|
|1966||Sub-Organization||Joong-Ang Development (today known as Samsung Everland) is established.|
|1969||Partnership||Samsung-Sanyo Electronics is established. The partnership would lead to the production of inexpensive TVs, microwave ovens and other consumer products for Western companies such as Sears and General Electric.|
|1970||Expansion||Samsung-Sanyo starts the production of Black-and-white TV (model P-3202). In the same year, Samsung expands the business in ship building, petrochemicals and aircraft engines.|
|1975||March||Organization||Samsung-Sanyo Electronics is renamed Samsung Electro-Mechanics.|
|1977||March||Organization||Samsung Electro-Mechanics merges with Samsung Electronics.|
|1980||Acquisition||Samsung acquires telecommunications giant Hanguk Jeonja Tongsin. This would be followed by the production of telephones, fax machines, and switchboards with great success, thus creating the base for their large-scale productions in the following years.|
|1982||Sub-Organization||Samsung Printing Solutions is founded, with the purpose of exploring and delivering digital revolution to the printing industry with solutions.|
|1982||International expansion (facility)||Samsung builds a television assembly plant in Portugal.|
|1983||Expansion||Samsung begins the production of personal computers.|
|1984||International expansion (facility)||Samsung builds a television assembly plant in New York.|
|1984||March 31||Samsung's production of color TVs reaches over 5 million units.|
|1984||October 1||Technology||Samsung Semiconductor Telecommunications develops a long wavelength single mode optical fiber, a first in South Korea.|
|1984||December 4||Facility||Samsung opens complex in the United States.|
|1984||December 19||Facility||Samsung establishes a microwave complex capable of manufacturing over 2 million units.|
|1984||December 31||Revenue||Samsung sales reach one trillion Won.|
|1985||International expansion (facility)||Samsung builds a television assembly plant in Tokyo.|
|1985||April||Technology||Samsung develops 64 K SRAM.|
|1985||July||Samsung begins massive production of 256K DRAM. This would position the company as a leader in semiconductor manufacturing.|
|1985||August 29||Samsung is appointed as the official sponsor of the 1986 Asian Games and 1988 Olympic Games.|
|1985||September||Technology||Samsung develops integrated circuit for sound multiplex TV.|
|1985||October||Samsung's production of CDP (CD-100) begins.|
|1985||November 12||Samsung produces its first millionth videocassette recorder.|
|1987||International expansion (facility)||Samsung builds facilities in the United Kingdom.|
|1987||Personnel||Lee Byung-chul passes away. Control of Samsung is assumed by Lee's son, Lee Kun-hee.|
|1988||Organization||Samsung Semiconductor and Telecommunications merges with Samsung Electronics, with its core business focusing on home appliances, telecommunications and semiconductors.|
|1989||July||Organization||DongBang Life Insurance is renamed Samsung Life Insurance.|
|1990||Achievement||Samsung attains world leadership in chip production.|
|1993||Expansion||Samsung ventures into the LCD industry.|
|1993||October||Ankuk Fire % Marine Insurance is renamed Samsung Fire % Marine Insurance.|
|1994||Sub-Organization||Samsung Motors is formed.|
|1996||International expansion (facility)||Samsung builds facilities in the Austin, Texas.|
|1996||Crisis||Lee Kun-hee is involved in a corruption scandal, getting a suspended sentence for bribery.|
|1998||Technology||Samsung completes the development of flat-screen televisions and starts the first mass production of digital TVs. The same year, Samsung Motors delivers its first cars.|
|1999||October 8||Sub-organization||Samsung Ventures is founded. Headquartered in Seoul, it invests in startup companies focused on semiconductors, IT, software, internet services, biotechnology, and more.|
|2001||October||Product||Samsung SPH-1300 is released as an early prototype of touch-screen slab-phone, with finger-centric interface. At the time, reviewer Bruce Brown comments "The disadvantage of using a touch screen as a phone dialer is that you can't dial by feeling the buttons".|
|2005||Technology||The first speech-recognition phone is developed by Samsung.|
|2006||November||Product||Samsung SGH-i607 BlackJack is released, with a BlackBerry-inspired design.|
|2007||August 9||Acquisition||Samsung acquires Israel-based Genoa Color Technologies, which develops color-based technologies for televisions, monitors, projectors, and display devices.|
|2008||March||Acquisition||Samsung acquires IP assets of Clairvoyante, Inc., an IP licensing company responsible for the development of PenTile subpixel rendering display technology and associated gamut mapping algorithms.|
|2008||June||Product||Samsung Instinct is released.|
|2008||December||Samsung Omnia SCH-i910 is released. It contains the TouchWiz, Samsung's custom smartphone user interface. With its rounded-slab design and TouchWiz interface, some consider the Omnia to be the first real ancestor of the Galaxy S4.|
|2008||Legal||Lee Kun-hee becomes involved again in corruption and bribery scandal with influential peosecutors, judges, and political figures in South Korea. Initially denying the allegations against him, Kun-Hee would later plead guilty, being fined 110 billion Won and sentenced to three years in prison.|
|2010||July||Product||Samsung Vibrant is released.|
|2010||October||Product||Samsung Focus is released.|
|2011||January 19||Acquisition||Samsung acquires Liquavista.|
|2011||May||Product||Samsung Galaxy S II is released.|
|2011||December||Product||Samsung Galaxy Nexus is released.|
|2011||August 1||Acquisition||Samsung acquires Grandis.|
|2011||November 15||Acquisition||Samsung acquires Nexus Dx.|
|2011||December||Acquisition||Samsung acquires ZigZag Software.|
|2012||Samsung Electronics becomes the world's largest mobile phone maker by unit sales, overtakink Nokia.|
|2012||February||Product||Samsung Galaxy Note is released.|
|2012||May 9||Acquisition||Samsung acquires mSpot.|
|2012||June 1||Acquisition||Samsung acquires Nanoradio.|
|2012||July||Samsung Galaxy S III is released. It would become one of the world's most popular smartphones. The omnipresent blue posters would make "Galaxy" synonymous with "Android smartphone" for millions.|
|2012||August 1||Sub-Organization||The Samsung Strategy and Innovation Center SSIC is founded as a global organization within Samsung's Device Solutions division focused on identifying and nurturing new technologies.|
|2012||December 15||Acquisition||Samsung acquires Santa Clara, California-based storage solutions firm NVELO, which develops next-generation SSD storage solutions, and works to manage and optimize the use of solid state drives within subsystems.|
|2013||January 29||Acquisition||Samsung acquires Danvers, Massachusetts-based medical imaging company NeuroLogica, as a conglomerate’s plans to expand into the medical technology business. NeuroLogica is known for its portable computed tomography (CT) scanners, including BodyTom and CereTom.|
|2013||July 3||Acquisition||Samsung acquires Israeli and New York City-based streaming media and entertainment startup Boxee for US$ 30 million, with the purpose to expand Samsung's footprint in the smart TV market.|
|2013||August 9||Acquisition||Samsung acquires German lighting specialist Novaled for US$ 347 million, in order to help it meet the growing need for OLED displays.|
|2014||June 5||Acquisition||Samsung acquires social-video startup Shelby.tv, with aims at creating its own curated video service. After the acquisition, Shelby.tv is promptly shut down.|
|2014||July 14||Acquisition||Samsung acquires SmartThings for US$ 200 million.|
|2014||September 2||Acquisition||Samsung acquires PrinterOn.|
|2014||November 2||Acquisition||Samsung acquires Proximal Data.|
|2015||January 30||Acquisition||Samsung acquires Simpress.|
|2015||February 18||Acquisition||Samsung acquires LoopPay.|
|2015||March 17||Acquisition||Samsung acquires YESCO Electronics.|
|2016||May||Sub-Organization||C-Lab Space is founded as an in-house startup incubator program run by Samsung.|
|2016||Sub-organization||Mangoslab is founded as a spin-off company from Samsung Electronics that produces a sticky note thermal printer.|
|2016||June 16||Acquisition||Samsung acquires AdGear.|
|2016||June 16||Acquisition||Samsung acquires Joyent.|
|2016||August 10||Acquisition||Samsung acquires DACOR.|
|2016||October 5||Acquisition||Samsung acquires Viv.|
|2016||October 27||Acquisition||Samsung acquires Tachyon.|
|2016||November 14||Acquisition||Samsung acquires Harman International Industries for US$ 8 billion.|
|2016||November 15||Acquisition||Samsung acquires NewNet Communication Technologies.|
|2016||November 23||Acquisition||Samsung acquires QD Vision.|
|2017||February 3||Acquisition||Samsung acquires Perch.|
|2017||February 15||Acquisition||Samsung acquires melaud.|
|2017||June16||Acquisition||Samsung acquires VRB.|
|2017||July 10||Acquisition||Samsung acquires innoetics.|
Meta information on the timeline
How the timeline was built
The initial version of the timeline was written by User:Sebastian.
Funding information for this timeline is available.
What the timeline is still missing
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