- Tram Ho
According to a recent European Union (EU) disclosure, South Korean tech giant Samsung, the company that once ranked first in research and development (R&D) spending last year, slipped off the top spot.
Specifically, according to the EU Industrial R&D Investment Scoreboard (from an analysis of 2.5 thousand companies in the world), Samsung spent about US $ 16.4 billion on R&D activities in 2019, an increase of 9, 8%
Although this spending has increased by 10% compared to a year ago, it is not enough to surpass Alphabet (Google’s parent company). The company spent $ 20.5 billion last year, up 37% from the same period in 2018. Earlier in 2018, Alphabet and Samsung both shared R&D spending of $ 15 billion.
Samsung is followed by Microsoft, Volkswagen, Huawei, Apple and Intel. It is known that, since 2014, Samsung has never dropped out of the top 5 on the list of EU. This year both Microsoft and Apple have risen one notch from the previous year. Huawei alone remains in the same position as last year.
Statistics of companies leading the list of the top 50 R&D spending companies in 2019
The impressive thing is that Samsung is the only Korean company in the top 50 and of the 50 companies with huge spending on R&D, there are 22 companies from the US. LG only ranked 57th in the list, while some other manufacturers such as SK Hynix or Hyundai ranked 63 and 69 respectively.
According to statistics in the EU Industrial R&D Investment Scoreboard, each of these companies invested more than $ 33 billion in R&D. Especially, the total investment amount for R&D of 2.5 thousand companies in the list is up to 923 billion USD, accounting for 90% of R&D spending in the world and up 8.9% compared to 2018.
Statistics of companies spending the most on R&D in 2018, when Samsung was still leading
There are about 551 EU companies (25.3%), 769 US companies (accounting for 38% of R&D spending), 318 Japanese companies (13.3%), 507 Chinese companies (11, 7%) and 355 companies from other countries. The report focuses on analyzing key changes in R&D spending and economic indicators of each company in 2019 and the last decade.
Refer to Yonhapnews
Source : Genk