Just like I had noted in one of the comments in a previous article, Samsung is just growing while others are downscaling. Nokia recently downgraded the Nokia Kenya office following the announcement of downsizing their labour resources even competitors LG and Sony have had to do some radical measures like Sony buying out Ericsson to get more into the smartphone business after huge losses in the TV business.
Samsung aims to invest $41.7 billion into developments which include hiring 26000 employees. Get your CVs ready. That will make the company have a total of 376000 employees globally. The investment will be 12% higher than in 2011 and Samsung has gone ahead to raise $1billion to achieve these plans. This will go mainly to OLED display development, Apple’s A5 chip.