Global Research Spending, Samsung Electronics

Samsung Electronics has remained the No. 2 company for global research spending (R&D). The company has maintained this position for three years in a row.

The European Union (EU) R&D Investment Scoreboard 2016 was released on December 27 by the European Commission. The scoreboard listed 2,500 global firms as heavy global research spending investors for the fiscal year 2015.

Top countries ranked were led by the U.S. with 837 companies, followed by Japan with 356, China with 327, the U.K. with 133, Germany with 132 and Taiwan with 111. Others include France with 83, Korea with 75, and Switzerland with 58 companies. Compared to global research spending rankings released in 2015, the Investment Scoreboard has indicated an increase of 26 more companies for the U.S. and China with 8 more companies. Both Japan and Korea saw a slight reduction with 351 and 70 companies respectively.

In the list, Germany’s Volkswagen AG and Samsung Electronics were positioned first and second in global research spending, three years in a row. The U.S. followed with Intel Corp.; Alphabet Inc.; Google’s parent, and Microsoft Corp. Switzerland’s Novartis AG and Roche AG, China’s Huawei Technologies Co., U.S.’ Johnson and Johnson, and Japan’s Toyota are some of the notable mentions among others.

The 2,500 companies together made an investment total of US$726.66 billion in global research spending last year. It averaged 6.6 percent increase compared to the previous year.

U.S. companies represented 38.6 percent, Japan with 14.4 percent, Germany had 10 percent, China came fourth with 7.2 percent, France with 4.1 percent, Britain with 4.1 percent, Switzerland with 4 percent and Korea 3.7 percent. Samsung Electronics was positioned top among electric and electronic companies from South Korea.

Samsung’s consecutive rankings have led the company to invest over US$14 billion in R&D in this year. This latest spending, makes it the largest amount ever spent on R&D. The Korean tech giant has been focused on developing innovative software and products that enhance performance and improve usability. It is the same reason the company tops the list as one of the leading exporters of electronics globally. They also ranked 4th as the most innovative company globally last financial year.

At the beginning of 2016, Samsung pledged to bolster its growth through research spending and focusing into its semiconductor business. Well, seems like this has paid off. The company saw significant growth in operating profits to the tune of US$7.4 billion, largely thanks to its semiconductor business.

With these results, we don’t expect Samsung to cut its research spending any time soon. Despite the competitive semiconductor sector, Galaxy Note 7 failure and an early prediction that 2016 would be a tough economic year, the company will aim at how to improve its growth.

Source.

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