(Fact check) ???: Samsung Electronics’ finance guy looks down on technology

Recently, there has been a lot of talk that Samsung Electronics’ financial magnates look down on technology and only talk about cost reduction, thereby ruining the company’s technological capabilities.

Just looking at the argument, it sounds like they are cutting out a lot of research and development costs and focusing only on short-term profits.

Is it true?

Let’s look at the increase/decrease in Samsung Electronics’ research and development expenses in 2023.

As everyone knows, Samsung’s performance was poor last year due to the semiconductor recession.

Then, of course, research and development costs were cut first to improve performance, right?

I thought so, but research and development expenses actually increased by 13.7%.

It was not an increase when performance was booming, but an increase even when performance was poor.

For reference, this 13.7 percent is said to be the highest growth rate among the top 500 companies.

In other words, Samsung Electronics cut off its research and development expenses (x)

Samsung Electronics is focusing on technological prowess despite investing heavily in research and development (o)

This isn’t about a financier killing a project.

The financier lets it pass, but it implies that the technology projects put in front of the financier may themselves be wrong.

And if this is true, it is a terrible conclusion for Samsung shareholders that it is not just the finances that are the problem, but the technology itself.

addition. So which companies are technology-shy and skimp on research and development costs?

uh…? Hynix that values ​​technology?