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R&D spending: Here are the Top 10 firms
Apple, Google, and 3M may top Bloomberg’s list of the world’s most innovative companies, but they’re not the biggest research and development spenders – not even part of the Top 20. Out of 1,000 publicly traded companies with the highest R&D spending in 2009, here are the Top 10, according to a survey by management-consulting firm Booz & Co.:
A Smart TV made by Samsung Electronics is displayed at the company's main office in Seoul Oct. 29. Samsung ranks No. 10 in R&D spending, according to a survey by Booz & Co. (Lee Jae-Won/Reuters)
10. Samsung
South Korea’s largest conglomerate spent $6 billion on R&D in 2009, a 7.9 percent jump from the year before. Though its name is perhaps best known for cellphones, the company’s 10 R&D centers also conduct research on computer software, digital TV, advanced printing functions, and high storage-low power hard drives. In 2010, new Samsung products released include the first infrared video phone, the first full high-definition camcorder, and, at 6.5 millimeters, the world’s thinnest TV. [Editor's note: Dollar figures were adjusted throughout this report to reflect the companies' billion-dollar investments in R&D.]
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