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Samsung Electronics invests over RM18b in R&D in 1Q

Samsung Electronics invests over RM18b in R&D in 1Q

04 May 2020

Samsung Electronics Co Ltd, the world’s largest memory chip maker, said today that it spent 5.36 trillion won (RM18.75 billion) on research and development (R&D) activities in the first quarter of the year (1Q20).

The investment surpassed the previous record high of 5.32 trillion won in 4Q18.

The 1Q figure is equal to 9.7% of the South Korean tech giant’s sales in the January-March period, compared with 9.6% a year earlier.

Last year, Samsung Electronics spent 20.19 trillion won in R&D, marking the first time that its R&D spending exceeded 20 trillion won.

In March, Samsung Electronics said it will carry out investments as planned despite the Covid-19 pandemic.

Currently, Samsung Electronics holds more than 180,000 patents around the world, including 5,075 patents in South Korea and 8,729 patents in the US.

Source: Bernama

Posted on : 04 May 2020