4 ms·
Samsung is 100% backed by the state as well.
by coliveira 10mo ago
Samsung is 100% backed by the state as well.
- throwaway85825 10mo agoCXMT is Chinese backed whereas Korea is Samsung backed.
- tooltalk 10mo agoI see what you did there. LOL Samsung closed the last Chinese smartphone factory in 2019 and moved South to Vietnam. In 2020, Samsung's Vietnam production accounted for about 25+% of the country's GDP and export.
- throwaway85825 10mo agoThey don't call it the republic of Samsung for nothing. Japanese companies are also nearshoring to vietnam.
- tooltalk 10mo agoThis was mostly in the 80's during the cold war. IMO, and it's not even really clear how Samsung's DRAM business really benefited from the state backing. The South Korea gov't first major initiative "Semiconductor Industry Promotion Plan" started only after Samsung'd developed their first 64K DRAM in 1983. It really helped other local industry competitors such as LG and Hyundai catch up, but Samsung was already on a roll -- by the early 90's, the company became the first to develop 256Mb DRAM. Not clear whether they really needed hand-holding from the gov't.
- coliveira 10mo agoAs mentioned in the sibling comment, Samsung practically owns S Korea. It's a fools errand to separate Samsung from the government.
- ahartmetz 10mo agoDon't entirely discount the other chaebol.
- TiredOfLife 10mo agoEven prisons in Korea are just vacation places for Samsung chairman.
- ahartmetz 10mo agoSilicon Valley first thrived on defense spending.
- coliveira 10mo agoThey still do. Where do you think comes a large part of Microsoft, Amazon, and Meta money?