Samsung Ranked No. 4 for R&D Spending

  • Arirang News

    November 30, 2018 09:26

    Samsung ranked fourth among 1,000 companies around the world in research and development spending, according to a report released by accounting firm PricewaterhouseCoopers on Thursday.

    The report ranks companies' R&D investment as a percentage of sales from July 2017 to June this year. Samsung invested US$15.3 billion during the period, equivalent to almost 7 percent of its sales and an on-year increase of 6.8 percent.

    U.S. e-commerce giant Amazon topped the list at $22.6 billion, or 12.7 percent of sales, up more than 40 percent on-year. It was followed by Google's parent company Alphabet and German automaker Volkswagen.

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