ServiceNow, Inc. or NXP Semiconductors N.V.: Who Invests More in Innovation?

Innovation Investment: ServiceNow vs. NXP Semiconductors

__timestampNXP Semiconductors N.V.ServiceNow, Inc.
Wednesday, January 1, 2014763000000148258000
Thursday, January 1, 2015890000000217389000
Friday, January 1, 20161560000000285239000
Sunday, January 1, 20171554000000377518000
Monday, January 1, 20181700000000529501000
Tuesday, January 1, 20191643000000748369000
Wednesday, January 1, 202017250000001024327000
Friday, January 1, 202119360000001397000000
Saturday, January 1, 202221480000001768000000
Sunday, January 1, 202324180000002124000000
Monday, January 1, 20242543000000
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Innovation Investment: A Tale of Two Giants

In the ever-evolving tech landscape, innovation is the lifeblood of success. ServiceNow, Inc. and NXP Semiconductors N.V. are two titans in this arena, each with a unique approach to research and development (R&D) investments. Over the past decade, NXP Semiconductors has consistently led the charge, with R&D expenses growing by over 200% from 2014 to 2023. In 2023 alone, NXP invested approximately 2.4 billion dollars, marking a significant commitment to innovation.

ServiceNow, Inc., while starting with a modest R&D budget in 2014, has shown remarkable growth, increasing its investment by nearly 1,700% by 2023. This surge underscores ServiceNow's strategic pivot towards innovation-driven growth. However, the data for 2024 is incomplete, leaving room for speculation on future trends. As these companies continue to push the boundaries of technology, their R&D investments will be pivotal in shaping the future of the industry.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025