Samsung is expanding their work force in a very big way across all Asia Pacific countries like Korea, china and India. The rise of samsung could be easily related to the technology advancements which is bringing down the gap between the general purpose computers and smart phones. If the future belongs to smart phones definitely it belongs to samasung. With its highly used mobile application processors, volatile and non-volatile memories could easily surpass Intel. If only intel can come up with something that can really give them a big market share in the smart phone processor area.
The economy doesn't care if the brains behind the company is govt dons or the exclusive B-school grads, it's the thinking that matters and Samsung+Korea seem to have it right, now. But my fear is are they growing too big laterally plus they bet hard on asian consumers who need not always return their favor.
One more thing struck me scary about this Samsung surpassing Intel thing. Intel has monopoly(duopoly if you consider AMD competition)and their overall margin is lower than Samsung Semi, which has commodity products. Andy Grove come back. Intel needs you.
A more illuminating EETimes article dated July/2010. http://www.eetimes.com/electronics-news/4205064/Samsung-record-profit-strong-semiconductor-sales. This current article comparing Intel to Samsung is a little misguided. They should stress Samsung Semi and not mush it up with Samsung Electronics. Samsung Semi in 2Q 2010, has a $2.48B profit, 31% profit ratio, on its $8B in semiconductor sale. Intel in the same second quarter had $2.6B in profit on $10.8B in sales, for 26%. Combine that with a 13% growth vs. 3.4% means Samsung is in the process of pushing Intel aside. There is no question about it. There is no silver lining here or positive spin. These state sponsored companies with their long term plans are showing that constructive cooperation between government and industry pays off in the long run. China is the uber-example. The US invented this concept but has turned away from it, in favor of self aggrandizing, rear view looking jingoism.“We’re #1!” has replaced “Only the paranoid survive”. What projection can anyone cite that shows the US being number one in anything in 5 or 10 years? All the projections I’ve seen are indicating our demise. Middleclass standard of living projections. National Debt projections. Government budget projections. Trade projections. Industry off-shoring projections, School funding projections. Public university projections. Intel is the most competitive company the US has to offer and they are being overtaken by a methodical bureaucracy who has a long term goal and a supportive government. Next time you hear a politician rant about government intervention in the market place think of Samsung and Intel. Then vote for the other guy.
Sign of moving technology to Asia. World rotates...Asia to Rome to Europe, to US east coast to West coast and jumping the pacific to Asia back..
Time for us to do reality check, re-prioratoize (get jobs for people) on manufacturing.
Large manufacturing is in Asia, Custermores are in ASIA...and our focus on worls affairs.. what dow e expect...No Jobs..
I get a little tired of pundits who equate "size" and "revenue." I am interested in earnings or earnings per share not sales. I think it will be a long time before Samsung exceeds Intel in profits because they real interested in profit. They want to big for bigness sake. Ultimately, they will have a bad year and implode. See Hyundai Semiconductor as an example.
Different business models. Let's not forget that Samsung makes a lot of things that use its chips. Maybe if the US government interfered and combined Intel with Apple, Black and Decker, Mattel and... Oh... never mind.
It is a little unfair comparing Samsung and Intel. If the US government interfere and combine Intel, IBM, HP, AMD, Micron, TI, Motorola and so on into a single company, it will surpass the entire South Korean economy. The two countries simply have different modes of growth.
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