Business Breakdowns
Episode 147 Samsung: Semiconductors over Smartphones
Business Breakdowns

Episode 147: Samsung: Semiconductors over Smartphones

Business Breakdowns

Episode 147

Samsung: Semiconductors over Smartphones

David Samra is Managing Director of the Artisan Partners International Value Team. We cover Samsung's dominant position in memory chip technology, the surprising distribution of margins among its component businesses, and how decades of family stewardship have shaped its success.

This episode is brought to you by:

10 East. 10 East is a platform where qualified investors can co-invest on a deal-by-deal basis across private equity, private credit, real estate ventures, and other one-off opportunities typically unavailable through traditional channels. It's no surprise that founders, executives, and portfolio managers from leading investment firms are using 10 East to diversify their personal portfolios. Their level of sourcing and diligence is institutional grade. To learn more, check out 10east.com.

CSIMA. Columbia Student Investment Management Association is hosting its 27th annual conference in New York on Friday, February 9th. Keynote speakers include John Griffin from Blue Ridge, Ian McKinnon from Sandia, Jan Hummel from Paradigm, and Sally Krawcheck from Ellevest. Get your tickets at csima.info/conference.

 

(00:00:00) - Welcome to Business Breakdowns

(00:04:28) - First Question - How he defines Samsung compared to other brands

(00:09:13) - Samsung's history and what led them to their capabilities today

(00:13:59) - Unique growth and shared gains in the semiconductor industry  

(00:18:08) - Where Samsung compares to other chips in the semiconductor space 

(00:22:08) - Risks moving into other chip production areas 

(00:25:53) - The disparity in margin profile between divisions 

(00:31:29) - Potential for local competitors to bring chips into the market 

(00:32:48) - How he thinks about growing the barriers to entry for the separate businesses   

(00:35:15) - Leaving the handset business 

(00;36:31) - How he thinks about the business on a consolidated basis 

(00:41:19) - Risks associated with the business

(00:44:09) - The regulatory climate in South Korea 

(00:48:33) - Things he learned from studying Samsung

Samsung: Semiconductors over Smartphones

Introduction

Matt
This is Matt Reustle, and today we are breaking down the technology conglomerate, Samsung. It was only Apple, Microsoft, Google and Amazon that ranked higher than Samsung in Interbrand's latest brand value rankings, Samsung being the fifth most valuable brand in the world. And it's everywhere around us, our phones, our TVs, our refrigerators, our washing machines, you see Samsung everywhere. But it's not those finished products that are driving the majority of profits for Samsung.

To break down Samsung, I'm joined by David Samra, Managing Director and Founding Partner of the Artisan Partners International Value Team. We go inside this vertically integrated technology giant. We talk about the history of the business, the manufacturing DNA and what it means to create hardware components and how creating those hardware components unlock some major opportunities in the smartphone market for Samsung.

Access the full transcript
Sign in or register to view episode transcripts.

Contact

Get in touch at help@joincollossus.com