Who Prioritizes Innovation? R&D Spending Compared for Micron Technology, Inc. and Nokia Oyj

Micron vs. Nokia: A Decade of R&D Investment

__timestampMicron Technology, Inc.Nokia Oyj
Wednesday, January 1, 201413710000002493000000
Thursday, January 1, 201515400000002126000000
Friday, January 1, 201616170000004904000000
Sunday, January 1, 201718240000004916000000
Monday, January 1, 201821410000004620000000
Tuesday, January 1, 201924410000004411000000
Wednesday, January 1, 202026000000004087000000
Friday, January 1, 202126630000004214000000
Saturday, January 1, 202231160000004550000000
Sunday, January 1, 202331140000004327000000
Monday, January 1, 20243430000000
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In pursuit of knowledge

Innovation Race: Micron vs. Nokia

In the ever-evolving tech landscape, innovation is the key to staying ahead. Over the past decade, Micron Technology, Inc. and Nokia Oyj have demonstrated their commitment to research and development (R&D) with varying strategies. From 2014 to 2023, Nokia consistently outspent Micron, with R&D expenses peaking at approximately $4.9 billion in 2017. This represents a 97% increase from their 2015 spending. Meanwhile, Micron's R&D investment grew steadily, reaching its highest in 2024, with a 150% increase from 2014. Despite Nokia's higher absolute spending, Micron's rapid growth in R&D investment highlights its aggressive push towards innovation. The data for 2024 shows a gap, indicating potential shifts in strategy or reporting. As these tech giants continue to innovate, their R&D spending patterns offer a glimpse into their future trajectories.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025