By Juliet Umeh
A half year report released by a Technology company, Samsung has revealed that it has since the beginning of 2020 spent $8.9 billion on research and development R&D.
According to the South Korean tech giant, it is focusing on new growth drivers and the R&D investment accounted for 9.8 percent of its sales in the first six months.
The report has that in the first half of the year; the company’s total capital expenditure reached 17.1 trillion won, with 14.7 trillion won used for the chip business.
It said: “As of the end of June, the number of Samsung employees in South Korea reached 106,074, up 0.9 percent from a year earlier. Compared to the end of December figure where Samsung hired about 1,400 employees more.
The report showed that Samsung’s five major customers in the first half of the year were Apple, Deutsche Telekom, Tektronix Hong Kong, Huawei and Verizon.
According to Samsung, it had a 32.4 percent share in the TV market and 16.3 percent share in the Smartphone market in the first half of the year.
The company also had a 43.8 per cent share in the DRAM chip market and 41.3 per cent share in the smartphone display panel market.