Research & development expenditure at Samsung Electronics 2009-2024

The levels of research & development expenditure at Samsung Electronics between 2009 and 2024 has been steadily increasing in recent years. In 2024, total spending on research and development at Samsung Electronics amounted to approximately 29 billion U.S. dollars, The highest-ever recorded R&D expenditure by the Korean giant.

Samsung R&D spending

Samsung, a global leader in semiconductors, telecommunications and digital media technologies, spent nearly 21 billion U.S. dollars on research and development in 2023. This amount is considerably higher than the 2009 figure, when Samsung spent around seven billion U.S. dollars on research and development. Their expenditure has tripled. Samsung’s investment manifests, for example, in the more than six thousand U.S. patents. 

Investment in R&D

Software and computer services companies, and technology hardware and equipment companies tend to invest heavily in research and development. In the last few years, companies from these two industrial sectors spent, on average, about seven to nine percent of their total revenue on R&D.