South Korean electronics giant Samsung recently inaugurated an innovation center in Istanbul, continuing the company’s commitment to conducting R&D in Turkey following its February 2015 investment in Istanbul Teknopark. The Samsung Innovation Center will provide seamless B2B enterprise solutions.
Speaking at the opening ceremony on December 13, 2016, ISPAT President Arda Ermut said that fifty years after the beginning of the information age, the world is undergoing a substantial transformation fueled by automation, R&D, and productivity. “This period, called the fourth industrial revolution and which drives economies, is also having an influence on Turkey. In this sense, investments that will give rise to R&D activities and enable the transfer of technology are prioritized. As the Agency, we attach great significance to sectors that will support the development of this process in Turkey, which is defined as Industry 4.0,” said Ermut.
Samsung is one of the ten most valuable brands in the world and it is the global market leader in 17 of the areas in which it operates. In addition to its centers in Turkey, the company’s global R&D network includes the likes of the US, the UK, Russia, Israel, India, China, and Japan. The company stands as one of the largest R&D spenders in the world, surpassing USD 14 billion in 2015.