Samsung Electronics was the fourth largest R&D spender globally, says PwC

According to a report from PriceWaterhouseCoopers (PwC) Samsung Electronics was the 4th largest R&D spender globally during the one-year period beginning H2 last year. The report which looked into the R&D spending of 1000 major firms, placed Samsung’s R&D spending at $15.3 billion, netting it the 4^th rank for the second year in a row. The Korean giant’s investments in R&D went up by 6.8% year-on-year and accounted for 6.8% of the company’s sales.

E-commerce giant, Amazon, topped the list with an R&D spending of $22.6 billion, while Alphabet Inc. with $16.2 billion and Volkswagen with $15.8 billion occupied the next two spots, respectively. Intel came in fifth with $13.1 billion, followed by Microsoft with $12.3 billion and Apple with $11.6 billion. The combined R&D spending of all the 1000 firms in the report stood at a staggering $782 billion – an increase of 11.4% year-on-year.

Consistently ranked as one of the top R&D spenders

Samsung has been consistently ranked as one of the R&D top spenders in recent years, with some reports even placing it at the top of the list. The differences in ranking across these reports could be probably due to the research methodology and the time period under consideration. While Samsung’s investment in R&D sounds impressive, it is worth noting that the company is far more diversified compared to other top spenders in the list.

In related news, Samsung Electronics secured sixth place in the list of most innovative companies in the world in a survey of 869 CEOs and executives by the same global accounting major PwC. Apple, Amazon, and Alphabet are ranked as the top three for the second consecutive year.

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