Friday, February 23, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google's Augmented Reality SDK ARCore 1.0 Released, Google Lens Updated
Google Assistant is Going Global
TEAC Releases New Reference Series Hi-Res Audio Models
First Affordable Android Go Smartphones Coming Next Week
Samsung Breaks Ground on New EUV Line in Hwaseong
Samsung Max Android Application Offering Mobile Data Saving Mode and Privacy
Introducing the CORSAIR Obsidian Series 500D
EASA Publishes Guidelines for Safe Drone Operations
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, November 08, 2005
Samsung to Invest US$44.9 BLN on R&D


Samsung said Tuesday it will invest 47 trillion won (US$44.9 billion) in research and development over the next five years.

The envisioned investment will focus on developing its core business sectors such as semiconductors, displays and mobile communications, Samsung said.

Investments will be also made in other high value-added sectors -- energy, high-end shipbuilding, and storage equipment -- which the company expects will provide more growth momentum.

Samsung unveiled the plan at the company's annual technology fair with about 200 Samsung officials including Yun Jong-yong, vice chairman of Samsung Electronics Co., in attendance.

Through the R&D investment, Samsung said it will strengthen its market prowess in its dominant areas, while finding new growth engines in burgeoning sectors.

To that end, Samsung said it will recruit a total of 30,000 researchers over the next five years.

"The key to survival in the 21st century is to create new markets through technological innovation," said Lee Yoon-woo, Samsung's chief technology officer.

"We have to focus our efforts on enhancing our R&D capacity to realize our goal of becoming the world's No. 1 company," he added.

Samsung expects that the investment will generate more sales, which it hopes will expand to 270 trillion won by the time the investment is completed.

In a separate move, Samsung said it will invest a combined 5.2 trillion won to stimulate joint research with colleges and provide support for its affiliate companies to upgrade their competitiveness.

The announcement comes a few days after Samsung Electronics, the company's flagship unit, said it is seeking to double its revenue by 2010 to become one of the world's top three electronics makers.

Samsung said it plans to announce the company's mid- and long-term R&D plans at the technology fair in the future.


Previous
Next
Philips Announces New CPU for Mobile Media        All News        Grokster Loses File-Sharing Case
Microsoft Launches new SQL Server, Visual Studio     General Computing News      Grokster Loses File-Sharing Case

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Max Android Application Offering Mobile Data Saving Mode and Privacy
Worldwide Sales of Smartphones Declined in 4Q, Samsung Retains First Spot
Samsung and Qualcomm Expand Foundry Cooperation on EUV Process Technology
Samsung to Cut OLED Panel Production as iPhone X Demand Slows: report
Samsung Electronics Begins Mass Production of 30.72TB SSD
Samsung Notebook 9 Pen, Notebook 9 (2018) and Notebook 7 Spin (2018) Available February 18
ISSCC: Samsung Working on 7-nm EUV SRAM, Intel Details 10-nm SRAM
Samsung SDI Aims at Cobalt-free EV Batteries
Samsung Chairman Suspect in Tax Evasion Case
China Signs MoU With Samsung on Chip Making
Samsung Introduces The Wall Professional at ISE 2018
Samsung's Lee Freed From Prison

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .