Research and Development Investment: Marvell Technology, Inc. vs NetApp, Inc.

A Decade of Innovation: R&D Investments by Marvell Technology and NetApp

In the ever-evolving tech landscape, research and development (R&D) investments are pivotal for innovation and growth. Over the past decade, Marvell Technology, Inc. and NetApp, Inc. have demonstrated contrasting strategies in their R&D expenditures. From 2014 to 2024, Marvell's R&D spending surged by approximately 64%, peaking at nearly $1.9 billion in 2024. This reflects Marvell's aggressive push towards innovation, likely driven by its focus on semiconductor solutions and data infrastructure.

Conversely, NetApp's R&D investment grew more modestly, with a 12% increase over the same period, reaching just over $1 billion in 2024. This steady growth aligns with NetApp's strategic emphasis on data management and storage solutions. The data highlights a clear divergence in investment strategies, underscoring Marvell's rapid expansion and NetApp's consistent, albeit slower, growth trajectory.