Samsung Electronics has ranked No. 4 among 1000 major global companies in terms of spending on research and development over the past one-year period.
The South Korean tech juggernaut spent USD 15.3 billion on R&D projects over the period beginning in the second half of last year, retaining the No. 4 spot for two years running, according to a report from global accounting and consulting firm PricewaterhouseCoopers.
The amount was up 6.8 percent from the same period a year earlier and accounted for 6.8 percent of Samsung’s sales.
Amazon topped the list with USD 22.6 billion, followed by Alphabet Inc., Google’s holding company with USD 16.2 billion. German automaker Volkswagen placed third with USD 15.8 billion.
Intel’s R&D spending raised 2.6 percent on-year to USD 13.1 billion, dropping to fifth place from third. Microsoft came next with USD 12.3 billion won, trailed by Apple with USD 11.6 billion.
The combined R&D expenditures of the 1,000 firms climbed 11.4 percent on-year to a record high of USD 782 billion over the cited period, taking up 40 percent of the global total.
Meanwhile, Samsung Electronics ranked as the sixth most innovative company in the world in a PwC survey of 869 CEOs and executives across the world. Apple, Amazon and Alphabet retained the top three spots for the second consecutive year. ― The Korea Herald