You may laugh after reading it, but it's true. When Samsung is the strongest, its annual income can reach 25% of South Korea's GDP. This is a great enterprise and a living legend.
When it comes to Samsung, many people think of Samsung's smart phones and home appliances, but you may not know that the Burj Khalifa in Dubai, the Petronas Twin Towers in Malaysia and so on are all built by Samsung. And not only buildings, Samsung also involves heavy industry, military industry, ships, oil and gas ships, drilling platforms, tanks and planes, etc., all of which are Samsung industries. In addition to these seemingly tall industries, Samsung has penetrated into all aspects of people's lives, such as food, clothing, housing and transportation.
According to agency statistics, Samsung has more than 500,000 employees, and one in every 100 Koreans is a Samsung employee. Samsung has a very high status in South Korea and even Asia.
Of course, industrial diversification is easy to achieve, but it is very difficult to develop in a balanced way. Samsung is the only company that can do this, and it has strong vertical integration ability. For example, Samsung's smart phone, from the processor to the screen, from the inside out, is made by Samsung itself, so the vertical integration ability as powerful as a bug can only be achieved by Samsung.
In some areas, Samsung has even achieved an exclusive monopoly, and people all over the world have to look at his face to purchase. For example, organic light-emitting diode displays for smart devices, S-class products can only be made by Samsung, while others, such as Sharp, Sony and JDI, can't even fight back in the organic light-emitting diode industry. For another example, when Samsung saw that SSD was just born, it saw with its forward-looking business vision that SSD would inevitably replace the existing mechanical hard disk one day, so it decisively sold its mechanical hard disk production line to Seagate and fully developed SSD. In a few years, Samsung has firmly monopolized the global SSD industry and became the world's largest SSD flash memory supplier overnight. Another example is the processor produced by Samsung. Before that, you may only have heard of the processors of Intel and Qualcomm. In fact, Samsung has taken advantage of its powerful integration ability to control a large share of the processor market and is on an equal footing with other companies in processor performance. Apple's hardware requirements for its products are quite high, and criticism is not too much. Apple's A-series processors are made by Samsung Semiconductor, as the enterprise quality can be seen.
Most importantly, personal vision will inevitably have some limitations. This company really has too many stories and too much blood to tell for three days and nights. It is also a very lucky thing to live in the same era as such a great enterprise.