A Decade of Innovation: Apple Inc. vs ON Semiconductor Corporation

In the ever-evolving tech landscape, research and development (R&D) are the lifeblood of innovation. Over the past decade, Apple Inc. and ON Semiconductor Corporation have demonstrated contrasting approaches to R&D investment. From 2014 to 2023, Apple Inc. has consistently increased its R&D spending, growing by over 400%, from $6 billion to nearly $30 billion. This reflects Apple's commitment to maintaining its position as a leader in consumer electronics and software.

Conversely, ON Semiconductor Corporation's R&D expenses have remained relatively stable, peaking at around $655 million in 2021. This suggests a more conservative approach, focusing on optimizing existing technologies. Notably, data for 2024 is missing for ON Semiconductor, indicating potential shifts in strategy. As we look to the future, these investment patterns will likely shape the competitive dynamics in the tech industry.