Samsung R&D spending hits record high at $8.9bn in H1 2020

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Seoul, Aug 14 | Samsung on Friday said its research and development (R&D) spending for the first half of the year hit a record high of 10.58 trillion won ($8.9 billion) as it focused on new growth drivers.

The figure represented a 500 billion-won increase from a year earlier, according to the first half business report of the South Korean tech giant.

Its R&D investment accounted for 9.8 per cent of its sales in the first six months.

In the first half of the year, Samsung’s total capital expenditure reached 17.1 trillion won, with 14.7 trillion won used for the chip business, reports Yonhap news agency.

As of end-June, the number of Samsung employees in South Korea reached 106,074, up 0.9 per cent from a year earlier. Compared to the end-December figure in end-December, Samsung hired about 1,400 employees more.

The report showed that Samsung’s five major customers in the first half of the year were Apple, Deutsche Telekom, Tektronix Hong Kong, Huawei and Verizon.

According to Samsung, it had a 32.4 percent share in the TV market and 16.3 percent share in the smartphone market in the first half of the year.

The company also had a 43.8 per cent share in the DRAM chip market and 41.3 per cent share in the smartphone display panel market.

Source: IANS

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Policybazaar Unveils its new brand campaign "AapKiSideHai"

Policybazaar Unveils its new brand campaign

Akshay Kumar delivers the brand’s promise of always being on the customer’s side

Gurugram, 19th Sept, 2020: Policybazaar.com (Twitter handle: PolicyBazaar), India’s largest online insurance marketplace with over 10 million customers, showcases its commitment to customers in its new television campaign “AapKiSideHai”. The new ad campaign featuring Policybazaar brand ambassador, Akshay Kumar, highlights the brand’s promise of embracing a holistic customer centric approach while helping to bridge the insurance protection gap in India.

Policybazaar’sAapKiSideHai campaign seeks to reassure its customers on being a dependable Insurance partner for them, every step of the way. The brand has always focused on distributing products like term insurance, health insurance, zero commission ULIP’s and motor insurance that are optimal from a customer perspective. Policybazaar is now extending the brand promise beyond the purchase experience to ensure that consumers get the highest levels of service throughout the policy lifecycle.

The new brand campaign reinforces Policybazaar core value of putting the customer first by delivering on its promise of providing a trusted platform for all types of insurance products. The brand is committed to guiding the customer throughout the insurance journey, starting from recommending the right products at affordable pricing, ensuring thatthe policy issuance process is smooth and fast, and, to providing services and claims assistance when needed.

“While we continue to highlight the importance of Health & Term life Insurance through our marketing campaigns, with the brand promise of Policybazaar AapKiSideHai, we also intend to position Policybazaar as a customer centric brand, that is committed to stand by its customers, both pre and post purchase”, said Samir Sethi, Head of Brand Marketing, Policybazaar.com. The new ad series highlights Policybazaar’s unparalleled support to customers, while providing them with the ease of comparing and buying term and health plans online with guidance at each & every step.

Speaking about the TVC launch, Sharat Dhall, Chief Operating Officer, Policybazaar.com said, “Our ultimate aim is to provide 360-degree assistance to customers that starts from when the policy is bought, to provide assistance when the claim is paid out, should such a situation arise. Winning and maintaining customer trust is a strong ethos within the company and this campaign reflects that. At a time when the world is grappling with a crisis like no other, the brand intends to instill confidence in the customers’ buying decisions by assuring them protection of their futures with the right insurance products & thorough assistance throughout the journey.”

The new brand campaign in its series displays moments of indecision that people may have while investing in protection products. It addresses these queries &emphasizes the importance of nurturing a bond with the consumers thereby creating customer delight.

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