After successfully reviving itself following US sanctions , Huawei is now in the top ten of the 2024 Global Top 100 R&D Investments ranking, ahead of Samsung
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TheEU Industrial Research & Development (R&D) Investment Scoreboard, as the list, continues to monitor and analyse trends in industrial R&D investment. It tracks the top 2,000 R&D investors . These companies contribute to more than three-quarters of global business R&D, based on their most recent audited financial records.
Research and Development (R&D) plays a critical role in the advancement of technology. It is the process of creating new products, improving existing ones, and developing new technologies. It helps companies stay competitive by driving innovation and solving technical challenges. The list includes all the big companies, such as Samsung and Huawei.
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Businesses invest in R&D to explore new ideas and make their products more efficient, reliable and advanced. Successful R&D can lead to groundbreaking discoveries and significant improvements in everyday life: in this case, great phones!
In the 2024 Global Top 100 R&D Investment ranking , Huawei is in sixth place, while Samsung, on the other hand, is further behind in seventh place.
Compared to the previous year, the number of US and EU companies in the top 50 each fell by one, while China and other regions gained one each.
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The top 10 companies saw a 7.5% increase in R&D spending, while the top 50 saw a 6.5%. Both figures were lower than the 7.8% growth seen in the top 2,000 companies and significantly lower than the previous year’s growth rates of 16.9% for the top 10 and 13% for the top 50.
Source: phonearena
