Comparing Innovation Spending: Salesforce, Inc. and ON Semiconductor Corporation

A Decade of Innovation: Salesforce vs. ON Semiconductor

In the ever-evolving landscape of technology, innovation is the lifeblood of progress. Over the past decade, Salesforce, Inc. and ON Semiconductor Corporation have demonstrated their commitment to innovation through substantial investments in research and development (R&D). From 2014 to 2023, Salesforce's R&D spending surged by over 700%, peaking at approximately $5 billion in 2023. This remarkable growth underscores Salesforce's dedication to maintaining its competitive edge in the cloud computing industry.

Conversely, ON Semiconductor's R&D expenses grew by about 57% during the same period, reaching a high of around $655 million in 2021. While their growth rate is more modest compared to Salesforce, it reflects a steady commitment to advancing semiconductor technology. Notably, 2024 data for ON Semiconductor is missing, leaving room for speculation on future trends. This comparison highlights the diverse strategies these companies employ to drive innovation and shape their respective industries.