Who Prioritizes Innovation? R&D Spending Compared for Taiwan Semiconductor Manufacturing Company Limited and Workday, Inc.

Comparing R&D Priorities: TSMC vs. Workday

__timestampTaiwan Semiconductor Manufacturing Company LimitedWorkday, Inc.
Wednesday, January 1, 201456828800000182116000
Thursday, January 1, 201565544600000316868000
Friday, January 1, 201671207700000469944000
Sunday, January 1, 201780732500000680531000
Monday, January 1, 201885895600000910584000
Tuesday, January 1, 2019914187000001211832000
Wednesday, January 1, 20201094860000001549906000
Friday, January 1, 20211247348000001721222000
Saturday, January 1, 20221632622000001879220000
Sunday, January 1, 20231823700000002270660000
Monday, January 1, 20242041820000002464000000
Loading chart...

Cracking the code

Innovation in Focus: A Tale of Two Companies

In the ever-evolving landscape of technology, innovation is the lifeblood that propels companies forward. Taiwan Semiconductor Manufacturing Company Limited (TSMC) and Workday, Inc. exemplify this drive, albeit on different scales. From 2014 to 2024, TSMC's R&D spending surged by over 260%, reflecting its commitment to maintaining a competitive edge in the semiconductor industry. In contrast, Workday, Inc., a leader in enterprise cloud applications, increased its R&D investment by approximately 1,250% during the same period, showcasing its dedication to enhancing its software solutions.

While TSMC's R&D expenses in 2024 are nearly 83 times greater than Workday's, the latter's rapid growth in spending underscores its aggressive pursuit of innovation. This comparison highlights the diverse strategies companies employ to prioritize research and development, tailored to their industry needs and market positions. As we look to the future, these investments will likely shape the technological advancements of tomorrow.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025