Samsung reveals plans to build five new R&D centers

Samsung's jk shin shows off the first Galaxy Phone at CTIA 2010

A Samsung official who spoke to The Korea Times has unveiled plans to build five new Research and Development centers in South Korea. This project will cost approximately $4.5 billion. The centers will each focus on their own aspects of R&D, with one being used for maximizing creativity, another for study and development of different components and materials.

Such a move is the by-product of belief that research and development is necessary for continuing success in the technology industry as time moves on. The Samsung official went on to state that “heated competition” in the market influences its preparation and how it “copes”. The company has been ramping up its R&D spending in recent years, having increased last year to 11.9 trillion won over 2011′s 10.3 trillion in spending.

Of the five new centers, one will be the R5 building, an 800 billion won investment that will be used for developing smart devices and will be located in Suwon. Near this building with be another center for
developing parts for the purpose of studying next-gen components and materials that will potentially be implemented in the company’s future devices.

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SOURCE: Torrent Freak