Samsung spending billions on new research centres

Technology and electronics giant Samsung is spending billions on new research and development centres, new reports suggest.

The Korea Times has reported Samsung will spend over $US4.5 billion over the next few years in order to construct the five new research centres.

“R&D is crucial to ensuring success in the rapidly-changing consumer electronics industry. Total investment will amount to 5 trillion won,” a sourced, named as an executive, told the publication.

The unnamed sourced also said that one centre alone will play host to 10,000 designers and developers.