Samsung Electronics Co. ranked 11th last year in terms of investment on research and development (R&D) among global companies, six notches higher than the previous year, a report showed Wednesday.
According to the report by a management consulting firm, Booz Allen Hamilton, Samsung Electronics spent US$5.4 billion on R&D in 2005, around 7 percent of its annual sales. A year earlier, its R&D spending amounted to $4.3 billion, ranking 17th among the 1,000 companies surveyed.
Samsung is the only South Korean company on the list, which only specifies the top 20 enterprises.
Ford Motor Corp. ranked first with R&D investment amounting to $8.0 billion, followed by Pfizer Inc. with $7.4 billion and Toyota Motor Corp. with $7.1 billion.
DaimlerChrysler AG came next with $7.0 billion. General Motors Corp., Siemens AG, Johnson & Jonhson, Microsoft Corp. and IBM Corp. were also among the top 10, according to the report.
In addition, the 1,000 companies surveyed invested a combined $407.0 billion last year, up from $384.0 billion the previous year, the report showed.
Seoul, Nov. 15 (Yonhap News)
Samsung ranks 11th worldwide in R&D investment: report |
