Samsung set a new record by spending 10% of its revenue on R&D

Samsung set a new record by spending 10% of its revenue on R&D in the first quarter

Samsung set has released its first-quarter financial data for 2021. According to Yonhap spent 5.36 trillion won (3 4.36 billion). Research and development between January and March 2021.

With this investment, Samsung has also broken. Its previous record was set in the first quarter of 2018. Then spent 5.32 trillion won on research and development.
Samsung says that amount is 9.7% of its sales. which is slightly higher than last year’s 9.6%.

It has also set another record in research. And development. For the first time in its 12-month history. It has spent the most on research and development at 20.19 trillion won. The previous record was 20 trillion won.

The Korean company says it will continue to invest in research. And development as planned but acknowledged that. The global coronavirus outbreak has hampered the process. There are more than 80,000 patents. Of these, 5,075 are in January Korea and 8,700 in the United States.