R&D Spending Showdown: Texas Instruments Incorporated vs Garmin Ltd.

R&D Spending: A Tale of Two Innovators

In the ever-evolving landscape of technology, research and development (R&D) spending is a critical indicator of a company's commitment to innovation. Over the past decade, Texas Instruments Incorporated and Garmin Ltd. have showcased contrasting strategies in their R&D investments. From 2014 to 2023, Texas Instruments consistently outpaced Garmin, with its R&D expenses growing by approximately 37% to reach nearly $1.86 billion in 2023. In contrast, Garmin's R&D spending surged by an impressive 129%, peaking at around $904 million in the same year.

This divergence highlights Texas Instruments' steady approach, while Garmin's aggressive investment reflects its ambition to expand its technological footprint. Notably, the data for 2024 shows a gap for Garmin, suggesting a potential shift or pause in their R&D strategy. As these two giants continue to innovate, their R&D spending patterns offer a fascinating glimpse into their future trajectories.