R&D Insights: How Micron Technology, Inc. and Garmin Ltd. Allocate Funds

R&D Spending Trends of Micron and Garmin: A Decade in Review

__timestampGarmin Ltd.Micron Technology, Inc.
Wednesday, January 1, 20143951210001371000000
Thursday, January 1, 20154270430001540000000
Friday, January 1, 20164679600001617000000
Sunday, January 1, 20175116340001824000000
Monday, January 1, 20185678050002141000000
Tuesday, January 1, 20196053660002441000000
Wednesday, January 1, 20207056850002600000000
Friday, January 1, 20218400240002663000000
Saturday, January 1, 20228349270003116000000
Sunday, January 1, 20239046960003114000000
Monday, January 1, 20249936010003430000000
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Unlocking the unknown

R&D Spending: A Tale of Two Innovators

In the ever-evolving tech landscape, research and development (R&D) is the lifeblood of innovation. Over the past decade, Micron Technology, Inc. and Garmin Ltd. have demonstrated distinct strategies in their R&D investments. From 2014 to 2023, Micron consistently increased its R&D spending, peaking at a 150% rise by 2023. This commitment underscores Micron's focus on advancing memory and storage solutions. Meanwhile, Garmin, known for its GPS technology, has also ramped up its R&D budget by approximately 130% over the same period, reflecting its dedication to enhancing consumer electronics and navigation systems. Notably, 2024 data for Garmin is missing, leaving room for speculation on its future trajectory. As these companies continue to innovate, their R&D investments will likely shape the tech industry's future.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025