June 28, 2001 in Social Responsibility News

SAMSUNG Electronics Enters Internet Phone Market

At least 20% of the world’s corporate telephone systems are expected to switch over to Internet phones based on Internet Protocol. As a result, Samsung Electronics plans to export 20,000 units to North America this year, 150,000 next year, and at least 1 million by 2004. Eventually, the company aims to capture 20% or more of the world Internet phone market.

Terminology
VoIP (Voice over Internet Protocol)
VoIP allows voice to be transmitted over IP networks. The Internet phone is a prime example of a VoIP-applied solution, which allows long-distance and international calls to be made at greatly reduced rates.

About Samsung Electronics
Samsung Electronics Co. Ltd. is a global leader in semiconductors, the consumer electronics industry, and digital convergence technology. With year 2000 sales of US $27 billion, Samsung employs approximately 66,000 people in 46 countries. The company is the world’s largest producer of memory chips, TFT-LCDs, CDMA mobile phones and monitors and the sixth-largest manufacturer of mobile phones. Samsung Electronics consists of four main business units: Digital Media, Semiconductor, Information & Communications, and Home Appliance Businesses. For more information, please visit our website, http://www.samsungelectronics.com


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