Who Prioritizes Innovation? R&D Spending Compared for Taiwan Semiconductor Manufacturing Company Limited and CyberArk Software Ltd.

Comparing R&D spending: TSMC vs. CyberArk from 2014 to 2023

__timestampCyberArk Software Ltd.Taiwan Semiconductor Manufacturing Company Limited
Wednesday, January 1, 20141440000056828800000
Thursday, January 1, 20152173400065544600000
Friday, January 1, 20163461400071207700000
Sunday, January 1, 20174238900080732500000
Monday, January 1, 20185711200085895600000
Tuesday, January 1, 20197252000091418700000
Wednesday, January 1, 202095426000109486000000
Friday, January 1, 2021142121000124734800000
Saturday, January 1, 2022190321000163262200000
Sunday, January 1, 2023211445000182370000000
Monday, January 1, 2024243058000204182000000
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Cracking the code

Innovation in Focus: A Comparative Analysis of R&D Spending

A Tale of Two Innovators

In the ever-evolving landscape of technology, innovation is the key to staying ahead. Taiwan Semiconductor Manufacturing Company Limited (TSMC) and CyberArk Software Ltd. are two giants in their respective fields, each with a unique approach to research and development (R&D) spending. Over the past decade, TSMC has consistently outpaced CyberArk in R&D investment, with a staggering 1,200% increase from 2014 to 2023. In contrast, CyberArk's R&D spending grew by approximately 1,370% during the same period.

The Numbers Behind the Innovation

By 2023, TSMC's R&D expenses reached nearly 182 billion, a testament to its commitment to technological advancement. Meanwhile, CyberArk's R&D spending, though significantly smaller, reflects its strategic focus on cybersecurity innovation. The data for 2024 is incomplete, but the trend suggests continued growth for both companies. This comparison highlights the diverse strategies companies employ to prioritize innovation in a competitive market.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025