Research and Development Expenses Breakdown: Taiwan Semiconductor Manufacturing Company Limited vs ServiceNow, Inc.

R&D Spending: TSMC vs. ServiceNow - A Decade of Innovation

__timestampServiceNow, Inc.Taiwan Semiconductor Manufacturing Company Limited
Wednesday, January 1, 201414825800056828800000
Thursday, January 1, 201521738900065544600000
Friday, January 1, 201628523900071207700000
Sunday, January 1, 201737751800080732500000
Monday, January 1, 201852950100085895600000
Tuesday, January 1, 201974836900091418700000
Wednesday, January 1, 20201024327000109486000000
Friday, January 1, 20211397000000124734800000
Saturday, January 1, 20221768000000163262200000
Sunday, January 1, 20232124000000182370000000
Monday, January 1, 20242543000000204182000000
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Unveiling the hidden dimensions of data

A Tale of Two Innovators: R&D Spending Trends

In the ever-evolving landscape of technology, research and development (R&D) expenses are a critical indicator of a company's commitment to innovation. Over the past decade, Taiwan Semiconductor Manufacturing Company Limited (TSMC) and ServiceNow, Inc. have demonstrated contrasting yet fascinating R&D investment strategies.

TSMC: A Semiconductor Giant's Steady Climb

Since 2014, TSMC has consistently increased its R&D spending, reflecting its pivotal role in the semiconductor industry. By 2023, TSMC's R&D expenses surged by over 220% from 2014, reaching a staggering 182 billion USD. This growth underscores TSMC's dedication to maintaining its technological edge.

ServiceNow: A Rapid Ascent in Software Innovation

ServiceNow, a leader in cloud-based solutions, has also ramped up its R&D investments. From 2014 to 2023, its R&D expenses grew by approximately 1,300%, highlighting its aggressive pursuit of innovation in the software sector.

These trends reveal the distinct paths these companies are taking to secure their positions in their respective industries.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025