Samsung Electronics No. 3 globally for R&D spending
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Samsung Electronics ranked third globally in terms of research and development (R&D) expenditures last year, data showed Thursday.
According to the report compiled by Ernst & Young, a global accounting firm, Samsung Electronics spent 13.1 billion euros ($15 billion) on various R&D projects in 2017.
U.S. online commerce giant Amazon topped the list with 20.1 billion euros, trailed by Alphabet, the parent company of Google, with 14.8 billion euro. Samsung’s semiconductor rival Intel came in fourth with 11.6 billion euros.
The Korean tech company said in its business report that it spent 8.7 trillion won ($7.77 billion) on R&D projects over the January-June period of 2018.
The report said the world’s top 500 players in terms of R&D expenditures spent a combined 532 billion euros for the whole of last year, up 6 percent on-year.
Questions & Answers
Q.Which companies spent more on R&D than Samsung Electronics last year?
Which companies spent more on R&D than Samsung Electronics last year?
Amazon was the top spender globally, investing 20.1 billion euros in R&D. Alphabet, Google's parent company, ranked second, spending 14.8 billion euros on various projects in the same period.
Q.How much did Samsung Electronics spend on R&D in the first half of 2018?
How much did Samsung Electronics spend on R&D in the first half of 2018?
According to its business report, Samsung Electronics invested 8.7 trillion won, equivalent to $7.77 billion, in research and development projects during the January-June period of 2018.
Q.What was the total R&D expenditure for the world's top companies last year?
What was the total R&D expenditure for the world's top companies last year?
The world's leading 500 companies, ranked by their R&D spending, collectively invested 532 billion euros last year. This figure represents a 6 percent increase compared to the previous year's total expenditure.
Q.Who compiled the data on global R&D spending?
Who compiled the data on global R&D spending?
The report detailing global research and development expenditures, which ranked Samsung Electronics third, was compiled by Ernst & Young. This firm is a global accounting services provider.