Samsung Electronics has Completed 50 Years of Operations

  • The company organised an event at Samsung Digital City, the company’s headquarters in Suwon
  • Samsung has recently outsourced feature phones manufacturing to Dixon Technologies

Samsung Electronics today marked the 50th anniversary of its founding, with an event at Samsung Digital City, the Company’s headquarters in Suwon. More than 400 employees were present to commemorate the milestone, together with the company’s executive team including Kinam Kim, vice chairman & CEO of Device Solutions (DS) Division, Hyunsuk Kim, president & CEO of Consumer Electronics (CE) Division, Dongjin Koh, president & CEO of IT & Mobile Communications (IM) Division.

“The past 50 years were only possible thanks to the dedication and hard work of each and every one of you. Looking to the next 50 years, let’s free our imaginations and dream of an extraordinary future,” said Vice Chairman Lee.

Vice chairman Jay Y. Lee, through a video message also extended his gratitude to all Samsung employees for their dedication over the past 50 years and emphasized the Company’s commitment to build upon its legacy and become a Centennial company.

Samsung Digital City, Suwon

Samsung outsourced feature phones manufacturing to Dixon

The company has recently signed an agreement with Dixon Technologies in India. Under this agreement the latter will be responsible for manufacturing mobile feature phones for the former.

Interestingly, Samsung had stopped making smartphones in China earlier this month. The company has been facing tough competition in smartphone market from new and old Chinese brands. As a matter of fact, the feature phone market in India is led by the likes of Reliance Jio. There are a number of India-based feature phone brands also available in India.

“Unpredictable change, driven by material shifts in demographics and consumer behavior, will be a hallmark of the next era of the technology industry. So to ensure our survival in the new era, we must pursue relentless self-innovation. We must never cease to learn, be bold and fearless in our pursuits and execute thoroughly when undertaking all our tasks,” shared Kinam Kim, vice chairman and CEO of DS Division. He was speaking at Samsung’s 50th anniversary celebrations.

He added, “Let us all work together to help Samsung continue to evolve into a company that contributes to a better world and stay a respected and beloved company for future generations. I ask that all of us not forget our responsibilities as good corporate citizens in the journey.”