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Samsung Splurges On R&D


It is no news at all that Samsung has been named as one of the fastest growing corporate bodies in the world today when it comes to sale of smartphones and tablets. It has officially bitten into the Apple pie, some reports suggest. While I am unfamiliar with numbers and don’t have the time to sit down for a fair comparison and justification, I would place my faith in all of those who have reported the amazing growth that Samsung, as a company, have experienced. They are simply showing us that no number of lawsuits is going to bring them down.

The Samsung Group is a South Korean-based multinational company which has its headquarters in a town that is named after the company itself, Samsung Town. When the company was first incorporated by Lee Byung-Chul back in 1938, he intended for the company to do simple trading and that is why, for several decades, Lee mainly delved in areas like food processing, clothing, insurance and some retail work. Things only took a change in the late 1960s when the company officially split into Samsung Group, Shinsegae Group, CJ Group and Hansol Group, all of which had their own main focus to work on.

It was only after this split and Lee’s subsequent death that the company’s involvement in electronics and technology became globalized. The company’s earlier focus was mainly due to its history of internal and external conflict.

But that is all in the past now and Samsung, as a brand name and company, has climbed over a seemingly impossible wall into the other side of the world with the introduction of its endless number of options in tablets and smartphones. The company’s approach is only too obvious and clever – while its main competitor offered exclusivity and elite status to its fan base, Samsung offered ‘an alternative’ so that people who cannot actually afford to be in ‘the elite class’ can enjoy pretty much the same deals too.

And the people behind the company’s growth also recognizes one thing – you gotta spend money in order to make more money. That is why the international conglomerate is set to splurge an astonishing amount of $4.5 billion in the next few years to build five research and development centers in its homeland, South Korea. The $1 billion research center which is set to open its doors in 2015 is also expected to bring about more than ten thousand job openings. The centers will focus on design, materials, components development, chips, displays, and much more. Based on reports, Samsung’s budget for R&D work have increased from year to year….well, it just goes to show that the company have no intention of slowing down, not now, not in the near future.

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