Research and Development: Comparing Key Metrics for Accenture plc and ON Semiconductor Corporation

A Decade of Innovation: R&D Spending Trends in Tech Giants

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, Accenture plc and ON Semiconductor Corporation have demonstrated contrasting trajectories in their R&D investments. Accenture's R&D expenses have surged by approximately 103% from 2014 to 2023, reflecting its strategic focus on cutting-edge solutions and digital transformation. In contrast, ON Semiconductor's R&D spending peaked in 2021, with a notable 79% increase from 2014, before experiencing a slight decline in subsequent years. This divergence highlights Accenture's consistent growth in innovation efforts, while ON Semiconductor appears to be recalibrating its strategy. As we look to the future, these trends offer valuable insights into how these industry leaders are positioning themselves in a competitive market.