The levels of research & development expenditure at Samsung Electronics between 2009 and 2023 has been increasing. In 2022, total spending on research and development at Samsung Electronics amounted to approximately 28.34 trillion South Korean won.
Samsung R&D spending
Samsung, a global leader in semiconductors, telecommunications and digital media technologies, spent nearly 21 billion U.S. dollars on research and development in 2023. This amount is considerably higher than the 2009 figure, when Samsung spent around seven billion U.S. dollars on research and development. Their expenditure has tripled. Samsung’s investment manifests, for example, in the more than six thousand U.S. patents as of 2022. Only IBM has more patents, while spending 6.5 billion U.S. dollars on research and development.
Investment in R&D
Software and computer services companies, and technology hardware and equipment companies tend to invest heavily on research and development. In the last few years, companies from these two industrial sectors spent, on average, about seven to nine percent of their total revenue on R&D. In 2022, Samsung invested more than ten percent of its total global revenue on research and development.
