Comparing Innovation Spending: Micron Technology, Inc. and Corning Incorporated

Micron vs. Corning: A Decade of Innovation Spending

__timestampCorning IncorporatedMicron Technology, Inc.
Wednesday, January 1, 20148150000001371000000
Thursday, January 1, 20157690000001540000000
Friday, January 1, 20167420000001617000000
Sunday, January 1, 20178600000001824000000
Monday, January 1, 20189930000002141000000
Tuesday, January 1, 201910310000002441000000
Wednesday, January 1, 202011540000002600000000
Friday, January 1, 20219950000002663000000
Saturday, January 1, 202210470000003116000000
Sunday, January 1, 202310760000003114000000
Monday, January 1, 202410890000003430000000
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Igniting the spark of knowledge

Innovation Spending: A Tale of Two Giants

In the ever-evolving landscape of technology, innovation is the lifeblood that fuels growth and competitiveness. Over the past decade, Micron Technology, Inc. and Corning Incorporated have been at the forefront of this innovation race. From 2014 to 2023, Micron consistently outpaced Corning in research and development (R&D) spending, with Micron's investment growing by approximately 150% compared to Corning's 32% increase.

A Decade of Growth

Micron's R&D expenses surged from $1.37 billion in 2014 to over $3.11 billion in 2023, reflecting its commitment to advancing memory and storage solutions. Meanwhile, Corning's investment rose from $815 million to $1.08 billion, underscoring its focus on specialty glass and ceramics.

The Missing Year

Interestingly, data for Corning in 2024 is unavailable, leaving a gap in the narrative. As these industry titans continue to innovate, their R&D strategies will undoubtedly shape the future of technology.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025