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Company Results and Outlook

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Samsung Electronics slips to second spot in R&D spending

Published On 26 Dec 2019 09:19 AM


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South Korea’s Samsung Electronics has ranked second in the domain of research and development (R&D) spending last year. The company slipped from the top spot in 2017, based on an European Union report.

Furthermore, Samsung spent 14.8 billion euros ($16.4 billion) on R&D, as reported by 2019 edition of the EU Industrial R&D Investment Scoreboard. The group analysed top 2500 companies in the world for the survey.

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Tags : South Korea, Samsung, LG Electronics,
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