History of Samsung's Journey Since Its Inception Until Now

Samsung has undergone a remarkable evolution from a small trading company to a global technology giant, and remains one of the pioneers in modern technological innovation. Here is Samsung's journey from its inception until now.

1. Early Days (1938 - 1960s)

1938: Samsung was founded on March 1, 1938 by Lee Byung-chul in Su-dong, South Korea. Initially, Samsung was a small company engaged in trading, such as rice, noodles, and other goods. The name “Samsung” means “three stars” in Korean, symbolizing good luck, strength, and longevity.

1950s: In the 1950s, Samsung began to expand its business into the textile industry and also entered the food industry, including fish and dairy processing plants.

Also read: Samsung Enhances Sketch to Image Feature with Multimodal Support

2. Diversification and Early Development (1960s - 1980s)

1960s: In the early 1960s, Samsung entered the electronics industry by producing black-and-white televisions. This marked their first step towards becoming a major player in the technology sector.

1969: Samsung Electronics was founded in 1969 as part of Samsung's expansion into technology and electronics. This was an important step that paved the way for their development in the sector.

1970s: Samsung manufactures a variety of electronic products, including radios and color televisions. The company also begins to enter the semiconductor industry.

1980s: Samsung becomes one of the leading semiconductor manufacturers. In 1983, they launched their first DRAM (Dynamic Random Access Memory) chip, which became an important milestone in the development of semiconductor technology.

Also read: 6 Powerful New One UI 7 Features in Samsung Galaxy S25

3. Consolidation and Globalization (1990s - 2000s)

1990s: Samsung consolidated its business and focused on electronics, particularly in the areas of mobile phones and semiconductors. In 1992, Samsung launched their first mobile phone and introduced innovative liquid crystal display (LCD) technology.

1995: Samsung established Samsung SDI, which focused on the production of display screens and batteries, strengthening their position in the technology industry.

1997: The Asian financial crisis forces Samsung to reduce reliance on heavy industry and shift to high technology. The company begins to focus on developing consumer electronics products, such as LCD televisions, smart phones, and computers.

2000s: Samsung continued to grow with the launch of various innovative products, such as the Galaxy smartphone that debuted in 2009. During this period, Samsung also became one of the global leaders in the semiconductor and OLED display markets.

Also read: 3 Hot-Selling Samsung Phones! Discover the Top 10 Best-Selling Smartphones of 2024 Here!

4. Technology and Innovation Domination (2010s - Present)

2010s: The Samsung Galaxy S and Note became extremely popular, helping Samsung cement its position as one of the largest smartphone manufacturers in the world. Samsung also became a leader in OLED display technology and memory.

2016: The Samsung Galaxy Note 7 faced battery issues that caused the device to catch fire. Although this incident was costly, the company was quick to fix the problem and worked to restore their reputation with the launch of innovative new products.

2020s: Samsung continued to develop advanced technologies such as 5G, smart home devices, and solutions for quantum computing. Samsung is also committed to sustainability, with efforts to reduce the environmental impact of their products and operations.

2024: Today, Samsung remains one of the largest technology companies in the world, with a broad product portfolio spanning smartphones, televisions, smart home devices, semiconductors, and displays. They continue to innovate and expand their global presence in various technology and electronics industries.

Also read: Samsung & Qualcomm Unveil Advanced AI Technology in the Samsung Galaxy S25!