SG&A Expense Trends: Intel vs. STMicroelectronics

In the ever-evolving semiconductor industry, understanding the financial strategies of key players is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Intel Corporation and STMicroelectronics N.V. from 2014 to 2023. Over this period, Intel's SG&A expenses have shown a downward trend, decreasing by approximately 31%, from a peak in 2016 to a low in 2023. In contrast, STMicroelectronics has seen a steady increase, with expenses rising by about 85% over the same period.

Key Insights

• Intel's Strategy: The reduction in SG&A expenses suggests a strategic shift towards cost efficiency, possibly to maintain competitive pricing and invest in R&D.
• STMicroelectronics' Growth: The increase in expenses reflects expansion efforts, likely aimed at capturing a larger market share and enhancing brand presence.

These trends highlight differing strategic approaches in a competitive market, offering valuable insights for investors and industry analysts.