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Samsung's heart is where the home is, will invest $4.5 billion in R&D centers in South Korea

Samsung to invest $4.5 billion in R&D centers in Korea

| Business, Financial & Legal News | Posted: Jul 4, 2013 6:26 am

Samsung have just passed the 20 million unit mark with their Galaxy S4, and this dominance will continue with news arriving that the South Korean giant will invest more than $4.5 billion in five new R&D centers in South Korea.

 

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The R&D centers will be built over the next three years, with a $1 billion research center to be opened in southern Seoul in late 2015. At this building, Samsung will hire some 10,000 employees which will focus their efforts on design. Samsung will also build new R&D centers that will work on materials and components, as well as chips and displays.

 

Just last year alone Samsung spent $10.5 billion on R&D, and compared to their R&D budget in 2011 of just $1.4 billion, there is absolutely no sign of Samsung's dominance slowing down.

NEWS SOURCES:Engadget.com

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