R&D Spending Showdown: ServiceNow, Inc. vs Intel Corporation

The Evolution of R&D Spending: ServiceNow vs. Intel

In the ever-evolving tech landscape, research and development (R&D) spending is a critical indicator of a company's commitment to innovation. Over the past decade, ServiceNow, Inc. and Intel Corporation have demonstrated contrasting trajectories in their R&D investments.

From 2014 to 2023, Intel's R&D expenses have shown a steady increase, peaking in 2022 with a 52% rise from 2014. However, 2023 saw a slight dip, reflecting potential strategic shifts. In contrast, ServiceNow's R&D spending has skyrocketed, growing by an impressive 1,300% over the same period, underscoring its aggressive push towards innovation.

While Intel's R&D budget remains significantly larger, ServiceNow's rapid growth highlights its ambition to challenge industry giants. As we look to 2024, with some data yet to be reported, the tech world eagerly anticipates how these two titans will continue to shape the future of technology.