📨 The Truth About the Deep State They Don’t Want You to Know 🚫

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Finances See also: List of mergers and acquisitions by Apple Apple is the world's largest technology company by revenue, the world's largest technology company by total assets,[260] and the world's second-largest mobile phone manufacturer after Samsung.[261] In its fiscal year ending in September 2011, Apple Inc. reported a total of $108 billion in annual revenues—a significant increase from its 2010 revenues of $65 billion—and nearly $82 billion in cash reserves.[262] On March 19, 2012, Apple announced plans for a $2.65-per-share dividend beginning in fourth quarter of 2012, per approval by their board of directors.[263] The company's worldwide annual revenue in 2013 totaled $170 billion.[264] In May 2013, Apple entered the top ten of the Fortune 500 list of companies for the first time, rising 11 places above its 2012 ranking to take the sixth position.[265] As of 2016, Apple has around US$234 billion of cash and marketable securities, of which 90% is located outside the United States for tax purposes.[266] Apple amassed 65% of all profits made by the eight largest worldwide smartphone manufacturers in quarter one of 2014, according to a report by Canaccord Genuity. In the first quarter of 2015, the company garnered 92% of all earnings.[267] On April 30, 2017, The Wall Street Journal reported that Apple had cash reserves of $250 billion,[268] officially confirmed by Apple as specifically $256.8 billion a few days later.[269] As of August 3, 2018, Apple was the largest publicly traded corporation in the world by market capitalization. On August 2, 2018, Apple became the first publicly traded U.S. company to reach a $1 trillion market value.[270][271] Apple was ranked No. 4 on the 2018 Fortune 500 rankings of the largest United States corporations by total revenue.[272] In July 2022, Apple reported an 11% decline in Q3 profits compared to 2021. Its revenue in the same period rose 2% year-on-year to $83 billion, though this figure was also lower than in 2021, where the increase was at 36%. The general downturn is reportedly caused by the slowing global economy and supply chain disruptions in China.[273] Taxes Apple has created subsidiaries in low-tax places such as Ireland, the Netherlands, Luxembourg, and the British Virgin Islands to cut the taxes it pays around the world. According to The New York Times, in the 1980s Apple was among the first tech companies to designate overseas salespeople in high-tax countries in a manner that allowed the company to sell on behalf of low-tax subsidiaries on other continents, sidestepping income taxes. In the late 1980s, Apple was a pioneer of an accounting technique known as the "Double Irish with a Dutch sandwich", which reduces taxes by routing profits through Irish subsidiaries and the Netherlands and then to the Caribbean.[274][275] British Conservative Party Member of Parliament Charlie Elphicke published research on October 30, 2012,[276] which showed that some multinational companies, including Apple Inc., were making billions of pounds of profit in the UK, but were paying an effective tax rate to the UK Treasury of only 3 percent, well below standard corporate tax rates. He followed this research by calling on the Chancellor of the Exchequer George Osborne to force these multinationals, which also included Google and The Coca-Cola Company, to state the effective rate of tax they pay on their UK revenues. Elphicke also said that government contracts should be withheld from multinationals who do not pay their fair share of UK tax.[277] According to a US Senate report on the company's offshore tax structure concluded in May 2013, Apple has held billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government by using an unusual global tax structure.[278] The main subsidiary, a holding company that includes Apple's retail stores throughout Europe, has not paid any corporate income tax in the last five years. "Apple has exploited a difference between Irish and U.S. tax residency rules", the report said.[279] On May 21, 2013, Apple CEO Tim Cook defended his company's tax tactics at a Senate hearing.[280] Apple says that it is the single largest taxpayer in the U.S., with an effective tax rate of approximately of 26% as of Q2 FY2016.[281] In an interview with the German newspaper FAZ in October 2017, Tim Cook stated that Apple was the biggest taxpayer worldwide.[282] In 2016, after a two-year investigation, the European Commission claimed that Apple's use of a hybrid Double Irish tax arrangement constituted "illegal state aid" from Ireland, and ordered Apple to pay 13 billion euros ($14.5 billion) in unpaid taxes, the largest corporate tax fine in history. This was later annulled, after the European General Court ruled that the Commission had provided insufficient evidence.[283][284] In 2018, Apple repatriated $285 billion to America, resulting in a $38 billion tax payment spread over the following 8 years.[285] Charity Apple is a partner of (PRODUCT)RED, a fundraising campaign for AIDS charity. In November 2014, Apple arranged for all App Store revenue in a two-week period to go to the fundraiser,[286] generating more than US$20 million,[287] and in March 2017, it released an iPhone 7 with a red color finish.[288] Apple contributes financially to fundraisers in times of natural disasters. In November 2012, it donated $2.5 million to the American Red Cross to aid relief efforts after Hurricane Sandy,[289] and in 2017 it donated $5 million to relief efforts for both Hurricane Irma and Hurricane Harvey,[290] as well as for the 2017 Central Mexico earthquake.[291] The company has also used its iTunes platform to encourage donations in the wake of environmental disasters and humanitarian crises, such as the 2010 Haiti earthquake,[292] the 2011 Japan earthquake,[293] Typhoon Haiyan in the Philippines in November 2013,[294] and the 2015 European migrant crisis.[295] Apple emphasizes that it does not incur any processing or other fees for iTunes donations, sending 100% of the payments directly to relief efforts, though it also acknowledges that the Red Cross does not receive any personal information on the users donating and that the payments may not be tax deductible.[296] On April 14, 2016, Apple and the World Wide Fund for Nature (WWF) announced that they have engaged in a partnership to, "help protect life on our planet." Apple released a special page in the iTunes App Store, Apps for Earth. In the arrangement, Apple has committed that through April 24, WWF will receive 100% of the proceeds from the applications participating in the App Store via both the purchases of any paid apps and the In-App Purchases. Apple and WWF's Apps for Earth campaign raised more than $8 million in total proceeds to support WWF's conservation work. WWF announced the results at WWDC 2016 in San Francisco.[297] During the COVID-19 pandemic, Apple's CEO Cook announced that the company will be donating "millions" of masks to health workers in the United States and Europe.[298] On January 13, 2021, Apple announced a $100 million "Racial Equity and Justice Initiative" to help combat institutional racism worldwide.[299][300] Environment Main article: Environmental impact of Apple This section should include a better summary of, or be better summarized in Environmental impact of Apple. See Wikipedia:Summary style for information on how to incorporate it into this article's main text, or the main text of another article. (January 2023) Apple Energy Apple Energy, LLC is a wholly-owned subsidiary of Apple Inc. that sells solar energy. As of June 6, 2016, Apple's solar farms in California and Nevada have been declared to provide 217.9 megawatts of solar generation capacity.[301] In addition to the company's solar energy production, Apple has received regulatory approval to construct a landfill gas energy plant in North Carolina. Apple will use the methane emissions to generate electricity.[302] Apple's North Carolina data center is already powered entirely with energy from renewable sources.[303] Energy and resources Following a Greenpeace protest, Apple released a statement on April 17, 2012, committing to ending its use of coal and shifting to 100% renewable clean energy.[304][305] By 2013, Apple was using 100% renewable energy to power their data centers. Overall, 75% of the company's power came from clean renewable sources.[306] In 2010, Climate Counts, a nonprofit organization dedicated to directing consumers toward the greenest companies, gave Apple a score of 52 points out of a possible 100, which puts Apple in their top category "Striding".[307] This was an increase from May 2008, when Climate Counts only gave Apple 11 points out of 100, which placed the company last among electronics companies, at which time Climate Counts also labeled Apple with a "stuck icon", adding that Apple at the time was "a choice to avoid for the climate-conscious consumer".[308] In May 2015, Greenpeace evaluated the state of the Green Internet and commended Apple on their environmental practices saying, "Apple's commitment to renewable energy has helped set a new bar for the industry, illustrating in very concrete terms that a 100% renewable Internet is within its reach, and providing several models of intervention for other companies that want to build a sustainable Internet."[309] As of 2016, Apple states that 100% of its U.S. operations run on renewable energy, 100% of Apple's data centers run on renewable energy and 93% of Apple's global operations run on renewable energy.[310] However, the facilities are connected to the local grid which usually contains a mix of fossil and renewable sources, so Apple carbon offsets its electricity use.[311] The Electronic Product Environmental Assessment Tool (EPEAT) allows consumers to see the effect a product has on the environment. Each product receives a Gold, Silver, or Bronze rank depending on its efficiency and sustainability. Every Apple tablet, notebook, desktop computer, and display that EPEAT ranks achieves a Gold rating, the highest possible. Although Apple's data centers recycle water 35 times,[312] the increased activity in retail, corporate and data centers also increase the amount of water use to 573 million US gal (2.2 million m3) in 2015.[313] During an event on March 21, 2016, Apple provided a status update on its environmental initiative to be 100% renewable in all of its worldwide operations. Lisa P. Jackson, Apple's vice president of Environment, Policy and Social Initiatives who reports directly to CEO, Tim Cook, announced that as of March 2016, 93% of Apple's worldwide operations are powered with renewable energy. Also featured was the company's efforts to use sustainable paper in their product packaging; 99% of all paper used by Apple in the product packaging comes from post-consumer recycled paper or sustainably managed forests, as the company continues its move to all paper packaging for all of its products.[314] Apple working in partnership with Conservation Fund, have preserved 36,000 acres of working forests in Maine and North Carolina. Another partnership announced is with the World Wildlife Fund to preserve up to 1,000,000 acres (4,000 km2) of forests in China. Featured was the company's installation of a 40 MW solar power plant in the Sichuan province of China that was tailor-made to coexist with the indigenous yaks that eat hay produced on the land, by raising the panels to be several feet off of the ground so the yaks and their feed would be unharmed grazing beneath the array. This installation alone compensates for more than all of the energy used in Apple's Stores and Offices in the whole of China, negating the company's energy carbon footprint in the country. In Singapore, Apple has worked with the Singaporean government to cover the rooftops of 800 buildings in the city-state with solar panels allowing Apple's Singapore operations to be run on 100% renewable energy. Liam was introduced to the world, an advanced robotic disassembler and sorter designed by Apple Engineers in California specifically for recycling outdated or broken iPhones. Reuses and recycles parts from traded in products.[315] Apple announced on August 16, 2016, that Lens Technology, one of its major suppliers in China, has committed to power all its glass production for Apple with 100 percent renewable energy by 2018. The commitment is a large step in Apple's efforts to help manufacturers lower their carbon footprint in China.[316] Apple also announced that all 14 of its final assembly sites in China are now compliant with UL's Zero Waste to Landfill validation. The standard, which started in January 2015, certifies that all manufacturing waste is reused, recycled, composted, or converted into energy (when necessary). Since the program began, nearly 140,000 metric tons of waste have been diverted from landfills.[317] On July 21, 2020, Apple announced its plan to become carbon neutral across its entire business, manufacturing supply chain, and product life cycle by 2030. In the next 10 years, Apple will try to lower emissions with a series of innovative actions, including: low carbon product design, expanding energy efficiency, renewable energy, process and material innovations, and carbon removal.[318] In April 2021, Apple said that it had started a $200 million fund in order to combat climate change by removing 1 million metric tons of carbon dioxide from the atmosphere each year.[319] Toxins Following further campaigns by Greenpeace,[320] in 2008, Apple became the first electronics manufacturer to eliminate all polyvinyl chloride (PVC) and brominated flame retardants (BFRs) in its complete product line.[321] In June 2007, Apple began replacing the cold cathode fluorescent lamp (CCFL) backlit LCD displays in its computers with mercury-free LED-backlit LCD displays and arsenic-free glass, starting with the upgraded MacBook Pro.[322][323][324][325] Apple offers comprehensive and transparent information about the CO2e, emissions, materials, and electrical usage concerning every product they currently produce or have sold in the past (and which they have enough data needed to produce the report), in their portfolio on their homepage. Allowing consumers to make informed purchasing decisions on the products they offer for sale.[326] In June 2009, Apple's iPhone 3GS was free of PVC, arsenic, and BFRs.[322][327] All Apple products now have mercury-free LED-backlit LCD displays, arsenic-free glass, and non-PVC cables. All Apple products have EPEAT Gold status and beat the latest Energy Star guidelines in each product's respective regulatory category.[322][328] In November 2011, Apple was featured in Greenpeace's Guide to Greener Electronics, which ranks electronics manufacturers on sustainability, climate and energy policy, and how "green" their products are. The company ranked fourth of fifteen electronics companies (moving up five places from the previous year) with a score of 4.6/10.[329] Greenpeace praises Apple's sustainability, noting that the company exceeded its 70% global recycling goal in 2010. It continues to score well on the products rating with all Apple products now being free of PVC plastic and BFRs. However, the guide criticizes Apple on the Energy criteria for not seeking external verification of its greenhouse gas emissions data and for not setting out any targets to reduce emissions.[330] In January 2012, Apple requested that its cable maker, Volex, begin producing halogen-free USB and power cables.[331] Green bonds In February 2016, Apple issued a US$1.5 billion green bond (climate bond), the first ever of its kind by a U.S. tech company. The green bond proceeds are dedicated to the financing of environmental projects.[332] Supply chain Main article: Apple supply chain This section should include a better summary of, or be better summarized in Apple supply chain. See Wikipedia:Summary style for information on how to incorporate it into this article's main text, or the main text of another article. (January 2023) Apple products were made in America in Apple-owned factories until the late 1990s; however, as a result of outsourcing initiatives in the 2000s, almost all of its manufacturing is now handled abroad. According to a report by The New York Times, Apple insiders "believe the vast scale of overseas factories, as well as the flexibility, diligence and industrial skills of foreign workers, have so outpaced their American counterparts that "Made in the USA" is no longer a viable option for most Apple products".[333] The company's manufacturing, procurement, and logistics enable it to execute massive product launches without having to maintain large, profit-sapping inventories. In 2011, Apple's profit margins were 40 percent, compared with between 10 and 20 percent for most other hardware companies. Cook's catchphrase to describe his focus on the company's operational arm is: "Nobody wants to buy sour milk."[334][335] In May 2017, the company announced a $1 billion funding project for "advanced manufacturing" in the United States,[336] and subsequently invested $200 million in Corning Inc., a manufacturer of toughened Gorilla Glass technology used in its iPhone devices.[337] The following December, Apple's chief operating officer, Jeff Williams, told CNBC that the "$1 billion" amount was "absolutely not" the final limit on its spending, elaborating that "We're not thinking in terms of a fund limit... We're thinking about, where are the opportunities across the U.S. to help nurture companies that are making the advanced technology— and the advanced manufacturing that goes with that— that quite frankly is essential to our innovation."[338] As of 2021, Apple uses components from 43 countries.[339] The majority of assembling is done by Taiwanese original design manufacturer firms Foxconn, Pegatron, Wistron and Compal Electronics with factories mostly located inside China,[340] but also Brazil,[341] and India.[342] Taiwan Semiconductor Manufacturing Co., (TSMC) is a pure-play semiconductor manufacturing company. They make the majority of Apple's smartphone SoCs, with Samsung Semiconductor, playing a minority role.[343] Apple, alone accounted for over 25% of TSMC's total income in 2021.[344] Apple's Bionic lineup of smartphone SoCs, are currently made exclusively by TSMC[345] from the A7 bionic onwards, previously manufacturing was shared with Samsung. The M series of Apple SoC for consumer computers and tablets is made by TSMC as well.[346] During the Mac's early history Apple generally refused to adopt prevailing industry standards for hardware, instead creating their own.[347] This trend was largely reversed in the late 1990s, beginning with Apple's adoption of the PCI bus in the 7500/8500/9500 Power Macs. Apple has since joined the industry standards groups to influence the future direction of technology standards such as USB, AGP, HyperTransport, Wi-Fi, NVMe, PCIe and others in its products. FireWire is an Apple-originated standard that was widely adopted across the industry after it was standardized as IEEE 1394 and is a legally mandated port in all Cable TV boxes in the United States.[348] Apple has gradually expanded its efforts in getting its products into the Indian market. In July 2012, during a conference call with investors, CEO Tim Cook said that he "[loves] India", but that Apple saw larger opportunities outside the region.[349] India's requirement that 30% of products sold be manufactured in the country was described as "really adds cost to getting product to market".[350] In May 2016, Apple opened an iOS app development center in Bangalore and a maps development office for 4,000 staff in Hyderabad.[351] In March, The Wall Street Journal reported that Apple would begin manufacturing iPhone models in India "over the next two months",[352] and in May, the Journal wrote that an Apple manufacturer had begun production of iPhone SE in the country,[353] while Apple told CNBC that the manufacturing was for a "small number" of units.[354] In April 2019, Apple initiated manufacturing of iPhone 7 at its Bengaluru facility, keeping in mind demand from local customers even as they seek more incentives from the government of India.[355] At the beginning of 2020, Tim Cook announced that Apple schedules the opening of its first physical outlet in India for 2021, while an online store is to be launched by the end of the year.[356] Worker organizations Main article: Apple worker organizations This section should include a better summary of, or be better summarized in Apple worker organizations. See Wikipedia:Summary style for information on how to incorporate it into this article's main text, or the main text of another article. (January 2023) In 2006, one complex of factories in Shenzhen, China that assembled the iPod and other items had over 200,000 workers living and working within it. Employees regularly worked more than 60 hours per week and made around $100 per month. A little over half of the workers' earnings was required to pay for rent and food from the company.[357][358] Apple immediately launched an investigation after the 2006 media report, and worked with their manufacturers to ensure acceptable working conditions.[359] In 2007, Apple started yearly audits of all its suppliers regarding worker's rights, slowly raising standards and pruning suppliers that did not comply. Yearly progress reports have been published since 2008.[360] In 2011, Apple admitted that its suppliers' child labor practices in China had worsened.[361] The Foxconn suicides occurred between January and November 2010, when 18 Foxconn (Chinese: 富士康) employees attempted suicide,[362] resulting in 14 deaths—the company was the world's largest contract electronics manufacturer, for clients including Apple, at the time.[362][363][364] The suicides drew media attention, and employment practices at Foxconn were investigated by Apple.[365] Apple issued a public statement about the suicides, and company spokesperson Steven Dowling said: [Apple is] saddened and upset by the recent suicides at Foxconn ... A team from Apple is independently evaluating the steps they are taking to address these tragic events and we will continue our ongoing inspections of the facilities where our products are made.[366] The statement was released after the results from the company's probe into its suppliers' labor practices were published in early 2010. Foxconn was not specifically named in the report, but Apple identified a series of serious labor violations of labor laws, including Apple's own rules, and some child labor existed in a number of factories.[366] Apple committed to the implementation of changes following the suicides.[367] Also in 2010, workers in China planned to sue iPhone contractors over poisoning by a cleaner used to clean LCD screens. One worker claimed that he and his coworkers had not been informed of possible occupational illnesses.[368] After a high suicide rate in a Foxconn facility in China making iPads and iPhones, albeit a lower rate than that of China as a whole,[369] workers were forced to sign a legally binding document guaranteeing that they would not kill themselves.[370] Workers in factories producing Apple products have also been exposed to hexane, a neurotoxin that is a cheaper alternative than alcohol for cleaning the products.[371] A 2014 BBC investigation found excessive hours and other problems persisted, despite Apple's promise to reform factory practice after the 2010 Foxconn suicides. The Pegatron factory was once again the subject of review, as reporters gained access to the working conditions inside through recruitment as employees. While the BBC maintained that the experiences of its reporters showed that labor violations were continuing since 2010, Apple publicly disagreed with the BBC and stated: "We are aware of no other company doing as much as Apple to ensure fair and safe working conditions".[367] In December 2014, the Institute for Global Labour and Human Rights published a report which documented inhumane conditions for the 15,000 workers at a Zhen Ding Technology factory in Shenzhen, China, which serves as a major supplier of circuit boards for Apple's iPhone and iPad. According to the report, workers are pressured into 65-hour work weeks which leaves them so exhausted that they often sleep during lunch breaks. They are also made to reside in "primitive, dark and filthy dorms" where they sleep "on plywood, with six to ten workers in each crowded room." Omnipresent security personnel also routinely harass and beat the workers.[372] In 2019, there were reports stating that some of Foxconn's managers had used rejected parts to build iPhones and that Apple was investigating the issue.[373] [And it’s so well hidden that almost no one knows about it.]( It all revolves around two dangerous billionaires... Who have been secretly forcing their beliefs on the American public for almost 20 years. And now, they want to reset the entire US financial system... This section needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (April 2017) (Learn how and when to remove this template message) Samsung Fine Chemicals is listed on the Korea Exchange stock-exchange (number 004000). Samsung Machine Tools of America is a national distributor of machines in the United States. Samsung GM Machine Tools is the head office of China, It is an SMEC Legal incorporated company.[106] Samsung Securities is listed on the Korea Exchange stock-exchange (number 016360).[107] S-1 was founded as Korea's first specialized security business in 1997 and has maintained its position at the top of industry with the consistent willingness to take on challenges. S1 Corporation is listed on the Korea Exchange stock-exchange (number 012750.KS).[108][109] State-run Korea Agro-Fisheries Trade Corp. set up the venture, aT Grain Co., in Chicago, with three other South Korean companies, Korea Agro-Fisheries owns 55 percent of aT Grain, while Samsung C&T Corp, Hanjin Transportation Co. and STX Corporation each hold 15 percent.[110] Brooks Automation Asia Co., Ltd. is a joint venture between Brooks Automation (70%) and Samsung[who?] (30%) which was established in 1999. The venture locally manufactures and configure vacuum wafer handling platforms and 300mm Front-Opening Unified Pod (FOUP) load port modules, and designs, manufactures and configures atmospheric loading systems for flat panel displays.[111] Company POSS – SLPC s.r.o. was founded in 2007 as a subsidiary of Samsung C & T Corporation, Samsung C & T Deutschland and the company POSCO.[112] Samsung BP Chemicals, based in Ulsan, is a 49:51 joint venture between Samsung and the UK-based BP, which was established in 1989 to produce and supply high-value-added chemical products. Its products are used in rechargeable batteries and liquid crystal displays.[113][114][115] Samsung Corning Precision Glass is a joint venture between Samsung[who?] and Corning, which was established in 1973 to manufacture and market cathode ray tube glass for black and white televisions. The company's first LCD glass substrate manufacturing facility opened in Gumi, South Korea, in 1996. Samsung Sumitomo LED Materials is a Korea-based joint venture between Samsung LED Co., Ltd., an LED maker based in Suwon, Korea-based and the Japan-based Sumitomo Chemical. The JV will carry out research and development, manufacturing and sales of sapphire substrates for LEDs.[116] SD Flex Co., Ltd. was founded in October 2004 as a joint venture corporation by Samsung[who?] and DuPont, one of the world's largest chemical companies.[117] Sermatech Korea owns 51% of its stock, while Samsung[who?] owns the remaining 49%. The U.S. firm Sermatech International, for a business specializing in aircraft construction processes such as special welding and brazing.[118] Siltronic Samsung Wafer Pte. Ltd, the joint venture by Samsung and wholly owned Wacker Chemie subsidiary Siltronic, was officially opened in Singapore in June 2008.[119] SMP Ltd. is a joint venture between Samsung Fine Chemicals and MEMC. In 2011, MEMC Electronic Materials Inc. and an affiliate of Korean conglomerate Samsung formed a joint venture to build a polysilicon plant.[120] Stemco is a joint venture established between Samsung Electro-Mechanics and Toray Industries in 1995.[121] SB LiMotive is a 50:50 joint company of Robert Bosch GmbH (commonly known as Bosch) and Samsung SDI founded in June 2008. The joint venture develops and manufactures lithium-ion batteries for use in hybrid-, plug-in hybrid vehicles and electric vehicles. Partially owned companies This section may require cleanup to meet Wikipedia's quality standards. The specific problem is: subsections far too short, need to be merged. Please help improve this section if you can. (April 2017) (Learn how and when to remove this template message) Samsung Heavy Industries owns 10% of the Brazilian shipbuilder Atlântico Sul, whose Atlântico Sul Shipyard is the largest shipyard in South America. The Joao Candido, Brazil's largest ship, was built by Atlântico Sul with technology licensed by Samsung Heavy Industries.[122] The companies have a technical assistance agreement through which industrial design, vessel engineering and other know-how is being transferred to Atlântico Sul.[123] Samsung Life Insurance currently holds a 7.4% stake in the South Korean banking company DGB Financial Group, making it the largest shareholder.[124] DGB Financial Group is a Korea-based company that specialises in banking. The company is divided into six segments of operation and each segment's primary source of funds come from general public deposits.[125] Samsung[who?] acquired 7.4% of Gorilla Glass maker Corning, signing a long-term supply deal.[126] Corning is an American company that is experienced in glass chemistry, ceramics science, and optical physics, as well as its manufacturing and engineering, to create goods that support industries and improve living standards. Corning is committed to long-term research and development. Samsung Heavy Industries currently holds a 14.1% stake in Doosan Engine, making it the second-largest shareholder.[127] Doosan Group is a South Korean company found in 1896 by Park Seung-jik. The company specializes in heavy industries and construction such as power plants and desalination plants.[128] MEMC's joint venture with Samsung Electronics Company, Ltd. In 1990, MEMC entered into a joint venture agreement to construct a silicon plant in Korea.[129] MEMC Korea Company is a Korean manufacturer and distributor of electronic components, ingots, silicon wafers, and other products. Samsung[who?] buys 10% stake in rival phone maker Pantech.[130] Pantech is a South Korean company found in 1991. Pantech manufactures mobile phones and tablets. Pantech serves in many countries, including South Korea, United States, Japan, Europe, Vietnam, and China. Samsung[who?] currently owns 4.19% of Rambus Incorporated.[131] Rambus Incorporated is an American technology company found in 1990. The company specializes in producing electronic components such as licenses chip interface technologies and architectures used in digital electronic products. Samsung[who?] currently owns 19.9% of the automobile manufacturer Renault Korea Motors. Renault Samsung Motors is a South Korean automotive company found in 1994. The company made car related transactions starting in 1998 and since have expanded into a range of cars and electric car models. Samsung[who?] currently owns 9.6% of Seagate Technology, making it the second-largest shareholder. Under a shareholder agreement, Samsung has the right to nominate an executive to Seagate's board of directors.[132] Seagate Technology is an American company that works in the computer storage industry. Seagate Technology was found in 1979. The company is a major supplier of microcomputers and hard disks. Samsung[who?] owns 3% of Sharp Corporation, a rival company to Samsung.[133] Sharp Corporation is a Japanese company found in 1912. The company specializes in designing and manufacturing electronic products, such as phones, microwave ovens, and air conditioners. Samsung Engineering holds a 10% stake in Sungjin Geotec, an offshore oil drilling company that is a subsidiary of POSCO.[134] SungJin Geotec is a South Korean company found in 1989. The company specializes in manufacturing and developing offshore facilities, oil sand modules, petrochemical plant components, and desalination plants.[135] Taylor Energy is an independent American oil company that drills in the Gulf of Mexico based in New Orleans, Louisiana.[136] Samsung Oil & Gas USA Corp., subsidiaries of Samsung[who?] , currently owns 20% of Taylor Energy. Taylor Energy is an American oil and gas company found in 1979. The company works mainly in the oil drilling industry and drills in the Gulf of Mexico. [Click here to see the new documentary that’s SHOCKING everyone who sees it... and I hope you can find a way to protect everything you’ve worked for all these years.]( Sincerely, Porter Stansberry From time to time, we send special emails or offers to readers who chose to opt-in. We hope you find them useful. To make sure you don't miss any of our contents, be sure to [whitelist us](. 12328 Natural Bridge Rd, Bridgeton, MO 63044 [Privacy Policy]( | [Terms & Conditions]( | [Unsubscribe]( Copyright © 2022 NON STOP Earnings. All Rights Reserved [logo](