💡 Top Chipmakers Ramped Up Their R&D Budgets in 2023

What We’re Showing

This chart shows how R&D spending has changed for major technology companies, including chipmakers, smartphone manufacturers, and infrastructure providers.

Data is sourced from the Global Innovation Index 2024, an annual report produced by the World Intellectual Property Office.

Key Takeaways

Nvidia leads the top companies in the “ICT” (Internet Communication Technology) hardware space when it comes to R&D spending.

The company revolutionized the semiconductor industry, choosing to focus on graphics processing units that are now key to the AI boom.

However, competitor AMD is looking to close the gap by committing to an annual release cycle for new chips.