Today’s world is built up due to various technological advances that were discovered by mankind. Among the leading segments that made people’s life easier, electronics is a major segment. Be it the home appliances that made chores easier at home or the personal computers and smartphones that people use – all are electronic devices that were designed and produced by these electronics companies. These companies strive to provide quality products which is one of the main reasons they have got onto this list. Here is the list of top 10 richest electronic companies in the world in 2019.
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10. Intel Corporation
Intel Corporation is an American multinational semiconductor manufacturing company with its headquarters in Santa Clara, California, Silicon Valley. It has sales of about $60 billion dollars in 2017. Robert Noyle & Gordon Moore started it as NM Electronics in 1968. It is 2nd largest in the world in revenues generated by producing silicon chips. Companies like Apple, Lenovo, HP & Dell all use processors made by Intel. Motherboard chipsets, IC chips, Graphical chips, embedded processors are some of the products manufactured by Intel.
9. LG Electronics
LG Electronics, formerly known as Goldstar is a South Korean multinational electronics company. It is the electronics division of LG group of companies. It has a total of 120 subsidies with 100,000 employees working in this company. LG was started in 1958 with its headquarters in Seoul, South Korea. The major products of this company are washing machines, television sets, refrigerators, computer monitors, and smartphones. It had sales of about $60 billion dollars in 2017.
Toshiba Corporation is a Japanese Multinational electronics company which was started in 1939 as Tokyo Shibaura Denki K.K. It had sales of about $65 billion dollars in 2017. It is 5th largest in the world in PC manufacturing and 7th largest semiconductor vendor in the world. It has its headquarters in Minato, Tokyo, Japan. Its products are grouped into 4 categories as digital products, electronic devices, home appliances, and social infrastructure. Some of its products are 3D televisions, Chrome book, and 3D flash memory.
Panasonic Corporation is an electronics company with sales of about $75 billion dollars this year. It was started as Matsushita Electric Industrial Co Ltd. In 1918 with its headquarters in Osaka, Japan. It is the 4th largest brand in television manufacturing. The first product developed by this company in 1918 was lightbulb sockets. Its operations are divided into 3 segments as consumer, solutions and components & devices. It holds more than 140,000 patents with a total of about 260,000 employees working under its electronics division. It has recently tried to focus on new fields like Artificial Intelligence and Machine Learning.
Sony Corporation is a major Japanese Electronics conglomerate with its headquarters in Minato, Tokyo, Japan. It is one of the leading manufacturers of electronics products which are of top quality design. The electronics group of Sony takes care of Research & Development, planning, designing, marketing of its electronic products. Some of its products are Sony play stations, Sony Xperia smartphones, and Sony BRAVIA televisions. Sony has some 7 semiconductors and electronics manufacturing plants in Japan.
Hitachi Ltd. is a Japanese conglomerate that is the 5th richest electronics company in the world. It was started in 1910 by Namihei Odaira with its headquarters in Chiyoda, Tokyo. It had sales of about $90 billion dollars in 2017. Some of the products of this company include LCD’s, batteries, hard disc drives, military vehicles, electro-mechanical systems, washing machine, semiconductor manufacturing equipment.
Microsoft Corporation is an American technology company founded by Paul Allen and Bill Gates in 1975. Its headquarters is in Redmond, Washington, US. It has a global sale of about $95 billion dollars in 2017. Some of the famous products of Microsoft are Windows series of Operating Systems, Internet Explorer web browser, consumer electronics and personal computers. Its biggest acquisitions are Skype technologies and LinkedIn. Its latest products are Windows 10 OS, Microsoft Edge, Cortana virtual assistant.
3. Hewlett-Packard Company
Hewlett-Packard now known as HP Inc. is an American information technology company that is best known for its computers. It was started by William Bill Redington Hewett and David Dave Packard with its headquarters in Palo Alto. Its products are personal computers, laptops, networking hardware’s, industry-standard servers and printers. In 1999, Agilent Technologies was formed as a spin-off from HP. It was created for analytical instruments development. HP acquired Compaq in 2002. HP Pavilion & HP Compaq are the leading laptop brands of this company available for home users.
2. Samsung Electronics
Samsung Electronics is a part of Samsung group which looks after the electronics division. It is the 2nd richest electronics company in the world with an estimated sale of about $200 billion dollars. It was founded in 1969 with its headquarters in South Korea. It employees around 300,000 people and has its presence in more than 80 countries around the world. It is the world’s leading manufacturer of mobile phones, televisions and memory chips. Samsung mobiles and smartphones comprise more than 40% of the total mobile phones used all over the world. Some of its electronic products are semiconductors, memory chips, hard drives, flash memory and lithium-ion batteries. It provides components for other companies like Apple, Dell, Sony etc.
1. Apple Inc.
Apple Inc. is the world’s richest electronics company in this world. It is a leader in technology innovation that drives this world. Steve Jobs, Steve Wozniak and Ronald Wayne started Apple Inc. in 1976. Apple I was the first computer developed by them. It is the largest information technology company in terms of mobile manufacturing. It is the first company in the world to reach the market cap of over $1 trillion dollars. Apple employees 123,000 people in 22 countries across its 500+ retail stores. Its famous products are iPads, iPods, iPhones, Mac OS and Apple watch.
These companies are what drive this world forward. They have revolutionised this world with their products. People trust these brands and buy their products. They are innovating further every day with new technology and products due to the competition that exists between these companies. These companies have shaped this world to be a better place to live and will continue to do so in future too.