Research and development spending is absolutely crucial for leading technology companies that hope to stay on top, and Samsung is a company that isn’t afraid to spend when it comes to R&D. The company has stated in the past that it planned to make some huge investments in marketing and R&D in an effort to keep rivals at bay, and now The Korea Times reports that Samsung will spend roughly $4.5 billion over the next three years solely to build five new research and development centers in South Korea. “R&D is crucial to ensuring success in the rapidly-changing consumer electronics industry. Total investment will amount to 5 trillion won,” an unnamed Samsung executive told the paper. The exec said that one design center alone, which will be built in southern Seoul, will house nearly 10,000 Samsung designers, developers and other R&D workers. Samsung spent approximately $10.5 billion on R&D in 2012 alone, while top rival Apple spent about $3.4 billion.
Samsung to spend $4.5 billion on new R&D centers
Published Jul 4th, 2013 2:45PM EDT
Image: Nan Palmero, Flickr
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Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
