Analyzing R&D Budgets: Intel Corporation vs Garmin Ltd.

A Decade of Innovation: Intel vs. Garmin in R&D Investment

In the ever-evolving tech landscape, research and development (R&D) are the lifeblood of innovation. Over the past decade, Intel Corporation and Garmin Ltd. have demonstrated contrasting strategies in their R&D investments. From 2014 to 2023, Intel's R&D expenses surged by approximately 39%, peaking in 2022 with a staggering $17.5 billion. This reflects Intel's commitment to maintaining its leadership in semiconductor technology. Meanwhile, Garmin, known for its GPS technology, increased its R&D spending by about 129% over the same period, reaching $904 million in 2023. This growth underscores Garmin's focus on diversifying its product offerings. While Intel's R&D budget dwarfs Garmin's, the latter's rapid growth rate highlights its aggressive push into new markets. This comparison offers a fascinating glimpse into how two tech giants allocate resources to fuel their future innovations.