America's Chip Suppliers Continue to Dominate R&D Spending
Despite political and national security concerns about US domestic semiconductor production, American companies continue to account for more than half of the global chip industry’s total spending on research and development, according to the latest annual analysis of R&D expenditures by TechInsights.
About 62% of worldwide semiconductor industry R&D spending in 2023 was by companies headquartered in the Americas region—essentially all of them in the US and a large chunk of that coming from Intel (16%, or $16.0 billion last year), according to TechInsights’ analysis of research and development trends published in its June Update of the 2024 McClean Report (Figure 1). In total, the top 10 semiconductor R&D spenders in 2023 included six US companies, two Taiwan companies, one South Korean and one European company.
