According to the latest report, Samsung Electronics’ R&D investment in 2021 has reached a record high of 22 trillion won. The company’s total R&D spending in 2021 was 22,595.4 billion won, up 6.5 percent from 21,220.9 billion won in the same period last year, the company’s February 21 audit report showed.
Samsung Electronics’ total R&D spending has continued to increase over the past five years, from 14,792.3 billion won in 2016 to 16,803.2 billion won in 2017, 18,650.4 billion won in 2018, 20,192.9 billion won in 2019, and 21,220.9 billion won in 2020. The Korean won will increase to 22,595.4 billion won in 2021.
However, the ratio of R&D spending to sales decreased slightly from 8.9% in 2020 to 8.0% in 2021. Samsung Electronics has been increasing its R&D investment with the goal of becoming the world’s No. 1 system semiconductor manufacturer by 2030.
In August 2021, the company formulated a plan to spend 171 trillion won in R&D investment in system semiconductors and an increase in production facilities.