Samsung’s R&D spending rises again in Q3; jobs at record high

Seoul: Samsung Electronics has said its research and development (R&D) spending for the first nine months of the year hit a record high of $14.3 billion amid the Covid-19 pandemic.

The figure represented a 600 billion-won increase from a year earlier, and is a more than 5 trillion won increase from its R&D investment tally in the first half of the year, reports Yonhap news agency.

Samsung’s R&D investment was equivalent to 9.1 per cent of its sales.