Saturday, December 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Kodak Returns To CES With Consumer Product Line
North Korea Suggests Joint Inverstigation With U.S. Over Sony Hacking
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
BlackBerry Returns To Cash Flow
Comparison: Quantum Dot Vs. OLED Displays
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 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
LG, Samsung, To Dominate The TV Market in 2015
Samsung Started Production of Apple A9 SoC in 14nm FinFET
Samsung Announces Annual Reorganization for 2015
Samsung Releases New 3-bit V-NAND 850 EVO SSD
Possible Samsung Galaxy S6 Specs Leak
Samsung Seeks to Toss $930 Million Award
Samsung To Sell Fiberoptics Business to Corning
Samsung to Test Tizen Phone in India
Far Cry 4 Game Available For Free With Purchase of 840 EVO SSD
Samsung's DeepSort Sorting Engine Prevails In Benchmarks
Samsung Introduces EYECAN+ Mouse for People with Disabilities
Samsung to Phase Out Mobile App Service

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .