R&D Insights: How QUALCOMM Incorporated and II-VI Incorporated Allocate Funds

R&D Investment Trends: A Tale of Two Innovators

In the ever-evolving tech landscape, research and development (R&D) spending is a key indicator of a company's commitment to innovation. Over the past decade, QUALCOMM Incorporated and II-VI Incorporated have demonstrated contrasting approaches to R&D investment. From 2014 to 2023, QUALCOMM consistently allocated a significant portion of its resources to R&D, with expenditures growing by approximately 61%, peaking at nearly $8.8 billion in 2023. This reflects QUALCOMM's strategic focus on maintaining its leadership in wireless technology.

Conversely, II-VI Incorporated, a leader in engineered materials and optoelectronic components, has shown a remarkable increase in R&D spending, surging over 1,000% from 2014 to 2023. This growth underscores II-VI's aggressive push into new markets and technologies. However, data for 2024 is incomplete, highlighting the dynamic nature of R&D investments. These trends offer a glimpse into how these tech giants are shaping the future through innovation.