Samsung Invested $13.1 Billion in R&D During January to September 2019

  • The company has been focusing on artificial intelligence (AI), IoT and 5G
  • Samsung filed more than 4,500 patents in USA during this time

Samsung invested 14.6 per cent more money on research and development in the first nine months of this year than what it had spent last year. The company, in this process, filed more than 4,500 patents in United States of America (USA) and more than 2,400 patents in its home country.

Company’s R&D network consists of 22 centers located across 15 countries in the world. Out of these 22 centers, six are dedicated to research in the field of AI. The global brand has three R&D centers located in India. These three are located in Bangalore, Delhi and Noida.

World’s fourth largest R&D spender rank for successive year

A report published by Pricewaterhouse Coopers (PwC), in 2018, had pointed out that the amount spent by Samsung was up by 6.8 percent from what it had spent on R&D during the same period in 2017. Samsung had managed to retain the fourth spot in the list for successive two years in 2018.

The company had last year announced plans to hire more than 1,000 engineers from various engineering colleges in India. The hiring, as per the company was to be be done with an aim to strengthen company’s research and development (R&D) operations in India.

“Our R&D centers are focusing on cutting edge technologies, developing innovations for the Indian market as well as for the globe. We will continue to add engineers for research and development in these areas and further our commitment to making a strong research base in India,” said Sameer Wadhawan, head, human resources, Samsung India. last year.

Samsung also invests in engineering students

Samsung India had recently announced scholarships for 560 Jawahar Navodaya Vidyalaya (JNV) students under Samsung Star Scholar program. Under this program, each year, Samsung offers scholarships to meritorious JNV students pursuing a full term B. Tech/Dual Degree (B.Tech + M.Tech) course in any Indian Institute of Technology (IIT) or a National Institute of Technology (NIT) in India.

“At Samsung, we work towards nurturing talent through programs that encourage and support the youth. As ‘Samsung Star Scholar’ program enters its fourth year, we plan to extend scholarships to 560 students from Jawahar Navodaya Vidyalaya across the country to peruse B.Tech and M.Tech courses at the prestigious IITs and NITs. The scholarships will support these young bright minds in unleashing their dream of becoming future engineers,” said Peter Rhee, corporate vice president, Samsung India.