Samsung's Semiconductor Business was founded in Korea with the acquisition of Hankook Semiconductor in 1974. Early operations consisted mostly of the development and mass production of ICs and peripherals for such consumer electronics products as electronic and analogue watches, televisions, audios and microwave ovens. The main turning point in Samsung's evolution into a leading semiconductor manufacturer was the successful development of the 64Kb DRAM in 1983, and the subsequent opening of the Giheung Semiconductor Complex and Samsung first fabrication facility in 1984.
Through a strategy of aggressive growth, Samsung achieved and has held market leadership in Memory since the 1993, and in NAND Flash since 2003.
It has pioneered the development of numerous advancements in chip technology that are now widely used in mobile, desktop and other digital consumer products.
Samsung is also a pioneer in the development of Solid State Drives (SSDs) and released its first 32GB PATA SSD in March 2006. Mass production of the 256GB MLC-based SSD is began in November of 2008. Samsung is aggressively expanding market development efforts for its SSDs, and its rapid SSD technology advancements are a result of efficiencies enabled by the company's unique combination of NAND flash memory, firmware and controller technology for flash management.