| __timestamp | Shopify Inc. | Taiwan Semiconductor Manufacturing Company Limited |
|---|---|---|
| Wednesday, January 1, 2014 | 25915000 | 56828800000 |
| Thursday, January 1, 2015 | 39722000 | 65544600000 |
| Friday, January 1, 2016 | 74336000 | 71207700000 |
| Sunday, January 1, 2017 | 135997000 | 80732500000 |
| Monday, January 1, 2018 | 230674000 | 85895600000 |
| Tuesday, January 1, 2019 | 355015000 | 91418700000 |
| Wednesday, January 1, 2020 | 552127000 | 109486000000 |
| Friday, January 1, 2021 | 854383000 | 124734800000 |
| Saturday, January 1, 2022 | 1503234000 | 163262200000 |
| Sunday, January 1, 2023 | 1730000000 | 182370000000 |
| Monday, January 1, 2024 | 1367000000 | 204182000000 |
Unleashing insights
In the ever-evolving world of technology, research and development (R&D) spending is a key indicator of a company's commitment to innovation. Over the past decade, Taiwan Semiconductor Manufacturing Company Limited (TSMC) and Shopify Inc. have demonstrated contrasting yet fascinating approaches to R&D investment.
From 2014 to 2023, TSMC's R&D expenses have consistently increased, reflecting a robust growth strategy. In 2014, TSMC allocated approximately $56.8 billion to R&D, and by 2023, this figure had surged to nearly $182 billion, marking a 220% increase. This steady climb underscores TSMC's dedication to maintaining its leadership in semiconductor manufacturing.
Shopify, on the other hand, has shown a more dramatic rise in R&D spending. Starting at around $25.9 million in 2014, Shopify's R&D expenses skyrocketed to $1.73 billion by 2023, a staggering 6,580% increase. This rapid growth highlights Shopify's aggressive push to enhance its e-commerce platform.
While TSMC's R&D spending is missing for 2024, the trend suggests continued investment. These insights reveal how two industry giants allocate resources to fuel innovation and maintain competitive edges.
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