Texas Instruments Incorporated or Shopify Inc.: Who Invests More in Innovation?

Texas Instruments vs. Shopify: A Decade of R&D Investment

__timestampShopify Inc.Texas Instruments Incorporated
Wednesday, January 1, 2014259150001358000000
Thursday, January 1, 2015397220001280000000
Friday, January 1, 2016743360001370000000
Sunday, January 1, 20171359970001508000000
Monday, January 1, 20182306740001559000000
Tuesday, January 1, 20193550150001544000000
Wednesday, January 1, 20205521270001530000000
Friday, January 1, 20218543830001554000000
Saturday, January 1, 202215032340001670000000
Sunday, January 1, 202317300000001863000000
Monday, January 1, 202413670000001959000000
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Infusing magic into the data realm

Innovation Investment: Texas Instruments vs. Shopify

In the ever-evolving tech landscape, innovation is the lifeblood of success. Texas Instruments Incorporated (TI) and Shopify Inc. are two giants in their respective fields, each investing heavily in research and development (R&D) to stay ahead. From 2014 to 2023, TI consistently outpaced Shopify in R&D spending, with TI's investment peaking at nearly $1.86 billion in 2023, a 37% increase from 2014. Shopify, however, has shown remarkable growth, with its R&D expenses skyrocketing by over 6,500% during the same period, reaching $1.73 billion in 2023. This rapid increase underscores Shopify's commitment to innovation as it scales its e-commerce platform. While TI's steady investment reflects its established position in the semiconductor industry, Shopify's aggressive R&D growth highlights its ambition to disrupt and lead in the digital commerce space. Missing data for 2024 suggests the story of innovation is still unfolding.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025