Samsung Electronics R&D spending hit record high from Jan. to Sept.

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Samsung Electronics R&D spending hit record high from Jan. to Sept.

Samsung Electronics said Monday its research and development (R&D) spending for the first nine months of the year hit a record high of 15.89 trillion won ($14.3 billion) amid the coronavirus 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, according to the company's third-quarter business report.
 
Samsung's R&D investment was equivalent to 9.1 percent of its sales.
 
Samsung said it registered a total of 4,974 patents in Korea and 6,321 patents in the United States in the third quarter of the year.
 
The Korean tech titan has registered 194,643 patents globally, with 77,016 patents registered in the United States.
 
In the first nine months of the year, Samsung's total capital expenditure reached 25.5 trillion won, up 52 percent from a year ago.
 
Samsung expected its capital expenditure for this year to reach 35.2 trillion won, which would be the first time since 2017 for its yearly capital expenditure to surpass the 30-trillion-won mark.
 
The number of Samsung employees in Korea soared to a record high of 108,998 as of the third quarter, up about 3,700 from last December.
 
The report showed that Samsung's five major customers in the third quarter were Apple, Best Buy, Deutsche Telekom, Tektronix Hong Kong and Verizon. They accounted for 13 percent of the company's total sales.
 
In the first half of the year, Huawei was listed as one of Samsung's five major customers, but the Chinese tech firm apparently dropped off the list following U.S. sanctions in the third quarter.
 
Yonhap

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