Reuters: Technology News: Samsung opens new R&D facility in Nokia's backyard

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Samsung opens new R&D facility in Nokia's backyard Jun 13th 2013, 00:10 Tweet Share this Email Print Related News Intel scores major win in new Samsung Galaxy tablet: source Thu, May 30 2013 Analysis & Opinion Apple patent case exposes trade arbiter's flaws The road to smart technology A man walks behind a logo of Samsung Electronics at the company's headquarters in Seoul April 30, 2010. Credit: Reuters/Jo Yong-Hak HELSINKI | Wed Jun 12, 2013 8:10pm EDT HELSINKI (Reuters) - Mobile phone maker Samsung Electronics is set to open a new research and development center in Nokia's home town on Thursday, highlighting the Korean company's ascendancy over its once dominant Finnish rival. Samsung's newest R&D facility, its first in the Nordic region, is located in Espoo, Finland, where Nokia has its headquarters. Details on staffing and investment plans are due to be unveiled later in the day. The move follows the opening of R&D facilities in Finland by other technology firms including Huawei and Intel, which have sought to take advantage of the country's high concentration of engineers and software developers - many of whom previously worked at Nokia or its related businesses. Nokia has had to cut back on its own resources in recent years, laying off thousands of employees and selling its glass and steel waterfront office building in Espoo and leasing it back to conserve cash. Market data shows Samsung is now the leader in the global mobile phone market, a position previously held by Nokia. It has been particularly dominant in highly-profitable smartphones, shipping more units in the first quarter than the next four vendors combined. (Reporting by Ritsuko Ando; Editing by Tom Pfeiffer and Greg Mahlich) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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