X

General

Samsung Electronics was the fourth-largest R&D spender globally, says PwC

According to a report from PricewaterhouseCoopers (PwC), Samsung Electronics was the fourth-largest R&D spender globally during the one-year period beginning H2 last year. The report, which looked into the R&D spending of the world’s 1,000 largest public companies, placed Samsung’s R&D spending at $15.3 billion, netting it the 4th rank for the second year in a row. The Korean giant’s investments in R&D went up by 6.8% year-on-year and accounted for 6.8% of the company’s sales.

E-commerce giant, Amazon, topped the list with an R&D spending of $22.6 billion, while Alphabet Inc. with $16.2 billion and Volkswagen with $15.8 billion occupied the next two spots, respectively. Intel came in fifth with $13.1 billion, followed by Microsoft with $12.3 billion and Apple with $11.6 billion. The combined R&D spending of all the 1,000 companies in the report stood at a staggering $782 billion – an increase of 11.4% year-on-year.

Samsung Electronics ranked as the sixth most innovative company

The PwC report also includes a list of the world’s most innovative companies based on an online survey of 869 CEOs and executives. Apple, Amazon, Alphabet, Microsoft, and Tesla took the top-five spots on the list, while Samsung Electronics retained its position as the sixth most innovative company in the world.

Samsung has been consistently ranked as one of the R&D top spenders in recent years, with some reports even placing it at the top of the list. The differences in ranking across these reports could be probably due to the research methodology and the time period under consideration. Though Samsung’s investment in R&D sounds impressive, it is worth noting that the company is far more diversified compared to the other top spenders on the list.

6 Comments

Sign in »

6
Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Biransahin
Biransahin

I wonder how much the whole Samsung Corporation spends on R+D as a whole, not just electronics. There’s ship building, military equipment, home appliances, medical instruments, construction, and the other 60 plus businesses they have.

locarno
locarno

“Samsung Electronics secured sixth place in the list of most innovative companies in the world. Apple, Amazon, and Alphabet are ranked as the top three for the second consecutive year.”

How ? How Apple is more innovative than Samsung ?
This is not true for me.

psicolizzard
psicolizzard

The notch innovation.

Biransahin
Biransahin

Lolol!!

Biransahin
Biransahin

I definitely agree there. They haven’t innovated anything new in years, except for the notch as ppsicolizzard pointed out. Lol!

stondec
stondec

The majority of those who answer these surveys are almost pathologically ignorant. On that list, Samsung is by far the most innovative company. Certainly Apple and Amazon should not take #1 and #2 spots and Netflix should not even be on that list at all. It should not even be on the first 50 list of most innovative companies.