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SAMSUNG ELECTRONICS Co., Ltd.2020 Business ReportFor the year ended December 31, 2020Certain statements in the document, other than purely historical information, including estimates, projections, statements relating to our businessplans, objectives and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements.”Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actualresults to differ materially from the forward-looking statements. A detailed discussion of risks and uncertainties that could cause actual results andevents to differ materially from such forward-looking statements is included in our financial reports available on our website.See, also, 『Note on Forward-Looking Statements』 in preamble of 『II. Business Overview』.Samsung Electronics Business Report1 / 263
Table of ContentsCertification.3I. Corporate Overview .4II. Businesses Overview .26III. Financial Affairs.67IV. Management Discussion and Analysis .169V. Auditor’s Report .183VI. Corporate Governance .188VII. Information on Shareholders.207VIII. Executives and Employees.213IX. Affiliates and Subsidiaries .226X. Related Party Transactions.252XI. Other Information.255Samsung Electronics Business Report2 / 263
CertificationLetter of CertificationWe, Ki-nam Kim and Yoon-ho Choi, as a CEO and the executive in charge of reporting, respectively, certifythat we have thoroughly reviewed the annual business report of Samsung Electronics Co., Ltd. for the yearended December 31, 2020.Based on our knowledge, this report does not contain any untrue statements of material facts or omit anymaterial facts; and it does not contain any statements that are intentionally misleading for the users of theinformation in the report.We confirm that Samsung Electronics operates the Internal Controls over Financial Reporting, as defined inArticle 8 of the Act on External Audit of Stock Companies.Date:March 9, 2021Samsung Electronics Business Report3 / 263
I. Corporate Overview1. OverviewA. Legal, commercial name:- Samsung Electronics Co., Ltd.B. Date of establishment:- Samsung Electronics Co., Ltd. (“SEC” or “the Company”) was established as Samsung Electronics Industry Co., Ltd.on January 13, 1969, and held an initial public offering on June 11, 1975.- SEC changed its name from Samsung Electronics Industry Co., Ltd. to Samsung Electronics Co., Ltd. following aresolution passed at the Annual General Meeting (AGM) of shareholders on February 28, 1984.C. Address, phone number, and English language website of the corporate headquarters- Address: 129, Samsung-ro, Yeongtong-gu, Suwon, Gyeonggi-do, Korea- Phone Number: 82-31-200-1114- Website: https://www.samsung.com/secD. The Company is not subject to Article 2 of the Framework Act on Small and Medium Enterprises.E. Core businesses- The Company (defined below) consists of business divisions that operate independently: CE (Consumer Electronics);IM (Information Technology & Mobile Communications); DS (Device Solutions); and Harman (HarmanInternational Industries, Inc. and its subsidiaries), which produces automotive electronics components.Key products in each Division are presented below:DivisionKey productsCETVs, monitors, refrigerators, washing machines, air conditioners, etc.IMHHPs, network systems, computers, etc.DSDRAM, NAND flash, mobile APs, OLED panels for smartphones, etc.HarmanDigital cockpits, telematics, speakers, etc.SEC is a global electronics firm comprising the headquarters in Korea and 241 subsidiaries (collectively, “SamsungElectronics” or the “Company”) across the world, including 9 regional headquarters for the CE and IM Divisions, 5regional headquarters for the DS Division, and Harman’s subsidiaries.[CE Division]The CE Division satisfies customers’ needs and leads the global digital era by continuously offering new productsfeaturing innovative technology, unique designs, and enhanced value propositions.TV is the core product of CE. The Company has maintained its position as the market leader for 15 consecutive years byleveraging competitive advantages in hardware such as LCD/LED TVs as well as software driven product features withinour Smart TV product portfolio. We will continue to expand our market leadership based on our competitive edge in thepremium segment through our 8K QLED and ultra-large products to name a few.Samsung Electronics Business Report4 / 263
[IM Division]The IM Division operates the Mobile Communication Business, which produces and sells smart mobile devices such assmartphones, tablets, and wearables. For smartphones, a key product of the business, we have developed a lineup rangingfrom low-end right through to premium models, and have achieved growth in both advanced and emerging markets withthe Galaxy series.We will lead growth of the smartphone market and deliver exceptional user experiences by: 1) offering innovativehardware features such as new form factors (based on flexible OLED technology), high-definition cameras, biometricsensors, and battery charger technologies; 2) improving software capabilities of mobile payment service Samsung Pay andAI platform Bixby; and 3) investing in future growth drivers such as Cloud, IoT, healthcare, AR, and VR. At the sametime, we will lead the global 5G market based on our end-to-end solutions, which encompass handsets, chipsets, as well asour commercialization experience in initial 5G markets.[DS Division]The Memory Business, System LSI Business, Foundry Business, and Display Panel (“DP”) Business make up the DSDivision. The Memory Business manufactures and sells DRAM and NAND products; the System LSI Business designsand sells mobile application processors (“mobile APs” or “APs”) and camera sensor chips; the Foundry Business is incharge of consignment production of semiconductors; and the DP Business manufactures and sells display panels.The Company constantly works to increase its influence on end-product manufacturers and create new demand throughtechnological breakthroughs and the development of high quality components as it has done with APs—which serve as thebrains of mobile products—and with memory components like DRAM via enhanced capacity and density.The Memory Business has maintained its position at the top of the global memory market by sustaining costcompetitiveness and applying the latest advanced process technology in each technological iteration. The System LSIBusiness has not been complacent, expanding its focus from mobile to include automotive chips, and it will stay at theforefront of the market by offering differentiated products such as APs and CISs and strengthening competitiveness via itsadvanced manufacturing process technology. The Foundry Business is expanding by securing technology competitivenessvia adopting enabling technologies and new structures, strengthening its manufacturing capacity in a timely manner toaddress demand, enhancing its IP and infrastructure for customer support, and diversifying its product portfolio usinglegacy processes, which include CISs, DDIs, and PMICs.In the Display division, the mobile panel business’s differentiated technology is a main factor behind the increasedadoption of OLED panels, while its release of products in new applications—such as foldable devices, rollable devices,and automotives—has expanded the overall market. Meanwhile, the large panel business is focusing on premium productssuch as high-definition, ultra-large, QD TVs and is enhancing its competitiveness through continuous improvements intechnology and productivity.[Harman Division]Harman designs and develops connected products and solutions for automakers, consumers, and companies worldwideand is a global leader in the market for connected car systems, audio and visual products, professional solutions, andconnected services. Harman has established an internationally renowned brand and employs both internal developmentand strategic acquisitions to expand its lineup of quality products. See 『II. Businesses Overview』, for more details about each Division.Samsung Electronics Business Report5 / 263
F. AffiliatesSEC is an affiliate of the Samsung Group as defined under Korea’s Monopoly Regulation and Fair Trade Act (“SamsungGroup”).As of December 31, 2020, the Samsung Group had a total of 59 domestic affiliates following the reduction of oneaffiliate—Natural9—since December 31, 2019. Among the Samsung Group’s domestic affiliates, 16 (including SamsungElectronics) are listed and 43 are unlisted.[As of Dec 31, 2020]TypeNumberAffiliateSamsung C&T; Samsung Electronics; Samsung SDI; Samsung Electro-Mechanics (Semco); Samsung Fire & Marine Insurance;Listed16Samsung Heavy Industries; Samsung Life Insurance; Multicampus; Samsung Securities; Samsung SDS; Samsung Card; SamsungEngineering; S1; Cheil Worldwide; Hotel Shilla; Samsung BiologicsSeoul Lakeside CC; Samwoo Architects & Engineers; CVnet Corporation; Samsung Bioepis; Samsung Display; Samsung CorningAdvanced Glass; SU Materials; STECO; SEMES; Samsung Electronics Service; Samsung Electronics Sales; Samsung ElectronicsLogitech; Suwon Samsung Bluewings FC; Samsung Medison; Samsung Claim Adjustment Service; Samsung Fire & MarineInsurance Service; Samsung Fire & Marine Insurance Financial Service; Samsung Electronics Service CS; Samsung Futures;Unlisted43Samsung Asset Management; Samsung Life Service; Samsung SRA Asset Management; Samsung Life Financial Service; SD Flex;Cheil Fashion Retail Co., Ltd.; Samsung Welstory; SECUI; STM; S-Core; OpenHands; Miracom; Samsung Card Customer Service;Human TSS; S-1CRM; Shilla Stay; HDC Shilla Duty Free Ltd; Samsung Economic Research Institute (SERI); Samsung Lions;Samsung Venture Investment Corporation; Samsung Active Asset Management; Samsung Hedge Asset Management; HarmanInternational Korea; SBTMTotal59Samsung Corning Advanced Glass incorporated in October 2020 (previously an LLC). See 『IX. Affiliates and Subsidiaries』 for more detailsabout domestic and overseas affiliates.Samsung Electronics Business Report6 / 263
G. Subsidiaries subject to consolidated financial statementsAs of December 31, 2020, Samsung Electronics’ consolidated subsidiaries numbered 241 with the addition of 6subsidiaries and reduction of 5 subsidiaries when compared to totals as of December 31, 2019. Below is the list ofconsolidated subsidiaries.[As of Dec 31, 2020]Subsidiary(KRW mil)DateestablishedMajor businessAssets asof Dec 31,2019OwnershipClassifiedas majorsubsidiary(Y/N)36,765,070Over 50%YAmericas: 55Samsung Electronics America, Inc. (SEA)Jul 1978Electronic goods salesSamsung International, Inc. (SII)Oct 1983Electronic goods production1,224,995Over 50%YSamsung Mexicana S.A. de C.V (SAMEX)Mar 1988Electronic goods production52,823Over 50%NSamsung Electronics Home Appliances America, LLC (SEHA)Aug 2017Home appliance production624,107Over 50%YSamsung Research America, Inc (SRA)Oct 1988R&D612,015Over 50%YSamsung Next LLC (SNX)Aug 2016Subsidiary management (overseas)108,806Over 50%YSamsung Next Fund LLC (SNXF)Aug 2016Venture firm and new technology investments116,257Over 50%YNeuroLogica Corp.Feb 2004Medical device production and sales185,235Over 50%YSamsung HVAC America, LLCJul 2001Air conditioner sales45,827Over 50%NPrismview, LLCOct 2007LED display panel production and sales51,605Over 50%NJoyent, Inc.Mar 2005Cloud services178,187Over 50%YViv Labs, Inc.Sep 2012Artificial Intelligence services48,505Over 50%NDacor Holdings, Inc.Dec 1998Subsidiary management (overseas)32,027Over 50%NDacor, Inc.Mar 1965Home appliance production and sales32,006Over 50%NDacor Canada Co.Jun 2001Home appliance sales7Over 50%NSmartThings, Inc.Apr 2012Smart home platform171,461Over 50%YTeleWorld Solutions, Inc. (TWS)May 2002Network equipment installation andoptimization10,003Over 50%NTWS LATAM B, LLCJul 2019Subsidiary management (overseas)0Over 50%NTWS LATAM S, LLCJul 2019Subsidiary management (overseas)0Over 50%NSNB Technologies, Inc. Mexico, S.A. de C.VOct 2019Network equipment installation andoptimization0Over 50%NZhilabs Inc.Feb 2017Network solution sales34Over 50%NSamsung Semiconductor, Inc. (SSI)Jul 1983Semiconductor and display panel sales9,669,349Over 50%YSamsung Austin Semiconductor LLC. (SAS)Feb 1996Semiconductor production6,912,610Over 50%YSamsung Oak Holdings, Inc. (SHI)Jun 2016Subsidiary management (overseas)307,373Over 50%YStellus Technologies, Inc.Nov 2015Semiconductor system production and sales2,326Over 50%NSEMES America, Inc.Oct 1998Semiconductor equipment services1,852Over 50%NSamsung Electronics Canada, Inc. (SECA)Jul 1980Electronic goods sales1,539,360Over 50%YAdGear Technologies Inc.Aug 2010Digital advertising platform72,955Over 50%NSigMast Communications Inc.Jul 2009Text messaging service development7,668Over 50%NSamsung Electronics Business Report7 / 263
SubsidiaryDateestablishedMajor businessAssets asof Dec 31,2019OwnershipClassifiedas majorsubsidiary(Y/N)Samsung Eletronica da Amazonia Ltda. (SEDA)Jan 1995Electronic goods production and sales6,280,131Over 50%YSamsung Electronics Mexico S.A. De C.V. (SEM)Jul 1995Electronic goods sales1,166,317Over 50%YSamsung Electronics Digital Appliance Mexico, SA de CV(SEDAM)Dec 2012Home appliance production573,111Over 50%YSamsung Electronics Latinoamerica(Zona Libre), S. A. (SELA)Apr 1989Electronic goods sales451,092Over 50%YSamsung Electronics Latinoamerica Miami, Inc. (SEMI)May 1995Electronic goods sales368,616Over 50%YSamsung Electronica Colombia S.A. (SAMCOL)Mar 1997Electronic goods sales546,013Over 50%YSamsung Electronics Argentina S.A. (SEASA)Jun 1996Marketing and services45,396Over 50%NSamsung Electronics Chile Limitada (SECH)Dec 2002Electronic goods sales623,743Over 50%YSamsung Electronics Peru S.A.C. (SEPR)Apr 2010Electronic goods sales235,626Over 50%YSamsung Electronics Venezuela, C.A. (SEVEN)May 2010Marketing and services53Over 50%NSamsung Electronics Panama. S.A. (SEPA)Jul 2012Consulting2,188Over 50%NHarman International Industries, Inc.Jan 1980Subsidiary management (overseas)15,417,811Over 50%YHarman Becker Automotive Systems, Inc.Jun 1981Audio product R&D, production, and sales6,224,304Over 50%YHarman Connected Services, Inc.Feb 2002Connected Service Provider1,996,984Over 50%YHarman Connected Services Engineering Corp.Sep 2004Connected Service Provider422Over 50%NHarman da Amazonia Industria Eletronica e Participacoes Ltda.Jul 2005Audio product production and sales38,399Over 50%NHarman de Mexico, S. de R.L. de C.V.Feb 1997Audio product production114,442Over 50%YHarman do Brasil Industria Eletronica e Participacoes Ltda.Nov 1958Audio product R&D and sales203,382Over 50%YHarman Financial Group LLCJun 2004Management Company610,931Over 50%YHarman International Industries Canada Ltd.May 2005Audio product sales96Over 50%NHarman International Mexico, S. de R.L. de C.V.Dec 2014Audio product sales13,291Over 50%NHarman KG Holding, LLCMar 2009Subsidiary management (overseas)0Over 50%NHarman Professional, Inc.Jul 2006Audio product R&D and sales735,105Over 50%YRT SV CO-INVEST, LPFeb 2014Venture firm investments7,170Over 50%NBeijing Integrated Circuit Industry International Fund, L.PDec 2014Venture firm investments24,984Over 50%NChina Materialia New Materials 2016 Limited PartnershipSep 2017Venture firm investments6,274Over 50%NSamsung Electronics (UK) Ltd. (SEUK)Jul 1995Electronic goods sales2,767,563Over 50%YSamsung Electronics Ltd. (SEL)Jan 1999Subsidiary management (overseas)6,512Over 50%NSamsung Semiconductor Europe Limited (SSEL)Apr 1997Semiconductor and display panel sales87,256Over 50%YSamsung Electronics GmbH (SEG)Dec 1984Electronic goods sales2,687,535Over 50%YSamsung Electronics Holding GmbH (SEHG)Feb 1982Subsidiary management (overseas)993,490Over 50%YSamsung Semiconductor Europe GmbH (SSEG)Dec 1987Semiconductor and display panel sales887,060Over 50%YSamsung Electronics France S.A.S (SEF)Jan 1988Electronic goods sales1,688,580Over 50%YSamsung Electronics Italia S.P.A. (SEI)Apr 1991Electronic goods sales1,287,050Over 50%YEurope/CIS: 75Samsung Electronics Business Report8 / 263
SubsidiaryDateestablishedMajor businessAssets asof Dec 31,2019OwnershipClassifiedas majorsubsidiary(Y/N)Samsung Electronics Iberia, S.A. (SESA)Jan 1989Electronic goods sales1,094,002Over 50%YSamsung Electronics Portuguesa S.A. (SEP)Sep 1982Electronic goods sales222,273Over 50%YSamsung Electronics Hungarian Private Co. Ltd. (SEH)Oct 1989Electronic goods production and sales2,230,457Over 50%YSamsung Electronics Europe Logistics B.V. (SELS)May 1991Logistics1,700,033Over 50%YSamsung Electronics Benelux B.V. (SEBN)Jul 1995Electronic goods sales2,145,488Over 50%YSamsung Electronics Europe Holding Cooperatief U.A. (SEEH)Oct 2008Subsidiary management (overseas)11,495,430Over 50%YSamsung Electronics Nordic Aktiebolag (SENA)Mar 1992Electronic goods sales1,315,256Over 50%YSamsung Electronics Slovakia s.r.o (SESK)Jun 2002TV and monitor production1,428,228Over 50%YSamsung Display Slovakia s.r.o. (SDSK)Mar 2007Display panel processing38,086Over 50%NSamsung Electronics Polska, SP.Zo.o (SEPOL)Apr 1996Electronic goods sales979,474Over 50%YSamsung Electronics Poland Manufacturing SP.Zo.o (SEPM)Feb 2010Home appliance production415,727Over 50%YSamsung Electronics Romania LLC (SEROM)Sep 2007Electronic goods sales302,523Over 50%YSamsung Electronics Austria GmbH (SEAG)Jan 2002Electronic goods sales455,973Over 50%YSamsung Electronics Switzerland GmbH (SESG)May 2013Electronic goods sales301,953Over 50%YSamsung Electronics Czech and Slovak s.r.o. (SECZ)Jan 2010Electronic goods sales254,632Over 50%YSamsung Electronics Baltics SIA (SEB)Oct 2001Electronic goods sales127,453Over 50%YSamsung Electronics Greece S.M.S.A (SEGR)Apr 2010Electronic goods sales102,008Over 50%YSamsung Electronics Air Conditioner Europe B.V. (SEACE)Apr 2017Air conditioner sales101,242Over 50%YSamsung Nanoradio Design Center (SNDC)Feb 2004R&D29,495Over 50%NSamsung Denmark Research Center ApS (SDRC)Sep 2012R&D26,942Over 50%NSamsung Cambridge Solution Centre Limited (SCSC)Sep 2012R&D147,315Over 50%YZhilabs, S.L.Nov 2008Network solution R&D and sales10,010Over 50%NFoodient Ltd.Mar 2012R&D3,103Over 50%NSamsung Electronics Rus Company LLC (SERC)Oct 2006Electronic goods sales1,244,802Over 50%YSamsung Electronics Rus Kaluga LLC (SERK)Jul 2007TV production1,124,492Over 50%YSamsung Electronics Ukraine Company LLC (SEUC)Sep 2008Electronic goods sales274,305Over 50%YSamsung Electronics Central Eurasia LLP (SECE)Sep 2008Electronic goods sales191,721Over 50%YSamsung Electronics Overseas B.V. (SEO)Jan 1997Electronic goods sales93,508Over 50%YSamsung R&D Institute Rus LLC (SRR)Nov 2011R&D45,548Over 50%NSamsung Electronics Caucasus Co. Ltd (SECC)Oct 2014Marketing1,985Over 50%NAKG Acoustics GmbHMar 1947Audio product production and sales337,305Over 50%YAMX UK LimitedMar 1993Audio product sales0Over 50%NArcam LimitedJul 2004Subsidiary management (overseas)0Over 50%NA&R Cambridge LimitedDec 1993Audio product sales0Over 50%NHarman Audio Iberia Espana Sociedad LimitadaNov 2012Audio product sales414Over 50%NSamsung Electronics Business Report9 / 263
SubsidiaryDateestablishedMajor businessAssets asof Dec 31,2019OwnershipClassifiedas majorsubsidiary(Y/N)0Over 50%N3,787,210Over 50%Y1,179Over 50%N2,923,599Over 50%Y2,440Over 50%NHarman Automotive UK LimitedOct 2012Audio product productionHarman Becker Automotive Systems GmbHJul 1990Audio product R&D, production, and salesHarman Becker Automotive Systems Italy S.R.L.Dec 2005Audio product salesHarman Becker Automotive Systems Manufacturing KftAug 1994Audio product R&D and productionHarman Belgium SAApr 1967Audio product salesHarman Connected Services AB.Oct 1984Connected Service Provider28,428Over 50%NHarman Finland OyJul 1998Connected Service Provider506Over 50%NHarman Connected Services GmbHDec 2005Connected Service Provider45,711Over 50%NHarman Connected Services LimitedDec 1992Connected Service Provider0Over 50%NHarman Connected Services Poland Sp.zooJun 2007Connected Service Provider8,992Over 50%NHarman Connected Services UK Ltd.Sep 2008Connected Service Provider60,783Over 50%NHarman Consumer Nederland B.V.Dec 1995Audio product sales420,982Over 50%YHarman Deutschland GmbHMar 1998Audio product sales16,097Over 50%NHarman Finance International GP S.a.r.lApr 2015Subsidiary management (overseas)0Over 50%NHarman France SNCNov 1995Audio product sales151,704Over 50%YHarman Holding Gmbh & Co. KGJun 2002Management Company4,833,116Over 50%YHarman Hungary Financing Ltd.Jun 2012Financing Company34,400Over 50%NHarman Inc. & Co. KGJun 2012Subsidiary management (overseas)3,898,359Over 50%YHarman International Estonia OUMay 2015R&D95Over 50%NHarman International Industries LimitedMar 1980Audio product R&D and sales90,302Over 50%YHarman International Romania SRLFeb 2015R&D22,223Over 50%NHarman Finance International, SCAApr 2015Financing Company485,628Over 50%YHarman International s.r.oFeb 2015Audio product production19Over 50%NHarman Management GmbHApr 2002Subsidiary management (overseas)0Over 50%NHarman Professional KftDec 2014Audio product R&D and production58,925Over 50%NMartin Manufacturing (UK) LtdMay 1985Audio product production0Over 50%NHarman Professional Denmark ApSJul 1987Audio product R&D and sales46,116Over 50%NRed Bend Software Ltd.Aug 2004Software design0Over 50%NRed Bend Software SASOct 2002Software design7,190Over 50%NStuder Professional Audio GmbHNov 2003Audio product R&D and sales8,988Over 50%NHarman Connected Services OOONov 1998Connected Service Provider12,683Over 50%NHarman RUS CIS LLCAug 2011Audio product sales124,474Over 50%YSamsung Gulf Electronics Co., Ltd. (SGE)May 1995Electronic goods sales1,092,268Over 50%YSamsung Electronics Turkey (SETK)Dec 1984Electronic goods sales610,865Over 50%YMEA ㆍ Africa: 19Samsung Electronics Business Report10 / 263
SubsidiaryDateestablishedMajor businessAssets asof Dec 31,2019OwnershipClassifiedas majorsubsidiary(Y/N)Samsung Electronics Levant Co.,Ltd. (SELV)Jul 2009Electronic goods sales336,819Over 50%YSamsung Electronics Maghreb Arab (SEMAG)Nov 2009Electronic goods sales237,299Over 50%YSamsung Electronics Egypt S.A.E (SEEG)Jul 2012Electronic goods production and sales751,563Over 50%YSamsung Electronics Israel Ltd. (SEIL)Sep 2012Marketing18,594Over 50%NSamsung Electronics Tunisia S.A.R.L (SETN)Sep 2012Marketing4,744Over 50%NSamsung Electronics Pakistan(Private) Ltd. (SEPAK)Nov 2012Marketing2,665Over 50%NSamsung Electronics Saudi Arabia Ltd. (SESAR)Nov 2019Electronic goods sales251,516Over 50%YSamsung Semiconductor Israel R&D Center, Ltd. (SIRC)Oct 2007R&D90,163Over 50%YCorephotonics Ltd.Jan 2012R&D10,963Over 50%NSamsung Electronics South Africa(Pty) Ltd. (SSA)Jun 1994Electronic goods sales434,304Over 50%YSamsung Electronics South Africa Production (pty) Ltd. (SSAP)Jul 2014TV and monitor production85,433Over 50%YSamsung Electronics West Africa Ltd. (SEWA)Mar 2010Marketing22,737Over 50%NSamsung Electronics East Africa Ltd. (SEEA)Dec 2011Marketing15,275Over 50%NGlobal Symphony Technology Group Private Ltd.Jan 2002Subsidiary management (overseas)41,320Over 50%NHarman Connected Services MoroccoApr 2012Connected Service Provider2,879Over 50%NHarman Industries Holdings Mauritius Ltd.Oct 2009Subsidiary management (overseas)80,469Over 50%YRed Bend Ltd.Feb 1998Audio product production93,757Over 50%YSamsung Asia Pte. Ltd. (SAPL)Jul 2006Electronic goods sales9,552,755Over 50%YSamsung Electronics Singapore Pte. Ltd. (SESP)Oct 2020Electronic goods sales0Over 50%NSamsung Malaysia Electronics Sdn. Bhd. (SME)May 2003Electronic goods sales397,704Over 50%YSamsung Electronics Display (M) Sdn. Bhd. (SDMA)Mar 1995Electronic goods production23,975Over 50%NSamsung Electronics (M) Sdn. Bhd. (SEMA)Sep 1989Home appliance production213,160Over 50%YSamsung Vina Electronics Co., Ltd. (SAVINA)Jan 1995Electronic goods sales299,818Over 50%YSamsung Electronics Vietnam Co., Ltd. (SEV)Mar 2008Electronic goods production12,623,956Over 50%YSamsung Electronics Vietnam THAINGUYEN Co., Ltd. (SEVT)Mar 2013Telecom product production15,500,024Over 50%YSamsung Electronics HCMC CE Complex Co., Ltd. (SEHC)Feb 2015Electronic goods production and sales2,609,150Over 50%YSamsung Display Vietnam Co., Ltd. (SDV)Jul 2014Display panel production7,400,563Over 50%YPT Samsung Electronics Indonesia (SEIN)Aug 1991Electronic goods production and sales966,723Over 50%YPT Samsung Telecommunications Indonesia (STIN)Mar 2003Electronic goods sales and service49,717Over 50%NThai Samsung Electronics Co., Ltd. (TSE)Oct 1988Electronic goods production and sales2,920,299Over 50%YLaos Samsung Electronics Sole Co., Ltd (LSE)Sep 2016Marketing666Over 50%NSamsung Electronics Philippines Corporation (SEPCO)Mar 1996Electronic goods sales289,076Over 50%YSamsung Electronics Australia Pty. Ltd. (SEAU)Nov 1987Electronic goods sales596,587Over 50%YSamsung Electronics New Zealand Limited (SENZ)Sep 2013Electronic goods sales122,711Over 50%YAsia (ex China): 30Samsung Electronics Business Report11 / 263
SubsidiaryDateestablishedMajor businessAssets asof Dec 31,2019OwnershipClassifiedas majorsubsidiary(Y/N)6,250,492Over 50%YSamsung India Electronics Private Ltd. (SIEL)Aug 1995Electronic goods production and salesSamsung Display Noida Private Limited (SDN)Jul 2019Display panel production346,865Over 50%YSamsung R&D Institute India-Bangalore Private Limited (SRIBangalore)May 2005R&D399,137Over 50%YSamsung R&D Institute BanglaDesh Limited (SRBD)Aug 2010R&D18,640Over 50%NSamsung Nepal Services Pvt, Ltd (SNSL)Nov 2017Services305Over 50%NSamsung Japan Corporation (SJC)Dec 1975Semiconductor and display panel sales1,668,902Over 50%YSamsung R&D Institute Japan Co. Ltd. (SRJ)Aug 1992R&D162,609Over 50%YSamsung Electronics Japan Co., Ltd. (SEJ)Sep 2008Electronic goods sales1,222,552Over 50%YHarman Connected Services Corp. India Pvt. Ltd.Apr 2002Connected Service Provider314,232Over 50%YHarman International (India) Private LimitedJan 2009Audio product R&D and sales237,749Over 50%YHarman International Industries PTY Ltd.Dec 2014Subsidiary management (overseas)0Over 50%NHarman International Japan Co., Ltd.Jun 1991Audio product R&D and sales67,816Over 50%NHarman Singapore Pte. Ltd.Aug 2007Audio product sales9,514Over 50%NSamsung (CHINA) Investment Co., Ltd. (SCIC)Mar 1996Electronic goods sales15,438,819Over 50%YSamsung Electronics Hong Kong Co., Ltd. (SEHK)Sep 1988Electronic goods sales1,377,388Over 50%YSamsung Electronics Taiwan Co., Ltd. (SET)Nov 1994Electronic goods sales1,580,003Over 50%YSamsung Electronics Huizhou Co., Ltd. (SEHZ)Dec 1992Electronic goods production1,428,868Over 50%YTianjin Samsung Electronics Co., Ltd. (TSEC)Apr 1993TV and monitor production417,423Over 50%YSuzhou Samsung Electronics Co., Ltd. (SSEC)Apr 1995Home appliance production570,871Over 50%YSamsung Suzhou Electronics Export Co., Ltd. (SSEC-E)Apr 1995Home appliance production499,221Over 50%YSamsung Electronics Suzhou Computer Co., Ltd. (SESC)Sep 2002Electronic goods production830,015Over 50%YTianjin Samsung Telecom Technology Co., Ltd. (TSTC)Mar 2001Telecom product production581,611Over 50%YShenzhen Samsung Electronics Telecommunication Co., Ltd.(SSET)Feb 2002Telecom product production42,469Over 50%NBeijing Samsung Telecom R&D Center (SRC-Beijing)Sep 2000R&D125,807Over 50%YSamsung Electronics China R&D Center (SRC-Nanjing)May 2004R&D68,937Over 50%NSamsung Mobile R&D Center China- Guangzhou (SRCGuangzhou)Jan 2010R&D90,436Over 50%YSamsung R&D Institute China-Shenzhen (SRC-Shenzhen)Mar 2013R&D36,475Over 50%NShanghai Samsung Semiconductor Co., Ltd. (SSS)Oct 2001Semiconductor and display panel sales7,678,989Over 50%YSamsung (China) Semiconductor Co., Ltd. (SCS)Sep 2012Semiconductor production14,348,735Over 50%YSamsung SemiConductor Xian Co., Ltd. (SSCX)Apr 2016Semiconductor and display panel sales779,561Over 50%YSamsung Electronics Suzhou Semiconductor Co., Ltd. (SESS)Dec 1994Semiconductor processing1,197,268Over 50%YTianjin Samsung LED Co., Ltd. (TSLED)May 2009LED production536,956Over 50%YSamsung Semiconductor (China) R&D Co., Ltd. (SSCR)Apr 2003R&D56,016Over 50%NSamsung Display Dongguan Co., Ltd. (SDD)Nov 2001Display panel production1,767,6
Samsung Electronics Business Report 1 / 263 SAMSUNG ELECTRONICS Co., Ltd. 2020 Business Report For the year ended December 31, 2020 Certain statements in the document, other than purely historical information, including estimates, projections, statements relating to our business
