U.S. tech giants continue to lead, but Chinese companies are making rapid progress in independent R&D
As we all know, the leadership of American high-tech giants has a lot to do with the long-term R&D money they invest throughout the year.
Executives at companies such as Intel and Qualcomm have publicly said in the past that restricting semiconductor development on the mainland would also lead to a vicious cycle of R&D funding. In other words, if they get funding from the mainland, they may be forced to invest more in R&D to keep the U.S. semiconductor industry competitive.
In fact, U.S. companies have been very leading in R&D spending for years. However, the strength of Chinese companies should not be underestimated. At present, Chinese companies have overtaken Europe to leap to second place, and through the relentless pursuit of their own research and development progress, they are approaching the first American company.
According to the European Commission, in the 2022 ranking of R&D spending, China ranked 17The share of 8% surpassed that of Europe. However, this figure is still insufficient compared to the United States, where its share reaches 421%。In addition, the top spots in the company's ranking are still occupied by American tech giants. For example, the top four companies include Alphabet, Meta, Microsoft, and Apple.
The survey found that Chinese companies are catching up with American companies in R&D spending, but there is still a certain gap. But at the same time, Japan** has poured cold water on the research and development of American companies.
They argue that U.S. tech companies are still leading the way, but their overall R&D spending is growing very slowly compared to Chinese companies. They lag far behind Chinese companies. It is worth noting that China's R&D expenditure in 2012 was only 43%, but will reach 17 by 20228%。In contrast, R&D spending in the U.S. has remained almost at around 40%, with little to no growth.
In this case, the view of Japan is very simple: American R&D is already in decline and cannot keep up with the current situation, while Chinese companies are far behind.
No wonder this happens.
Looking back at the development history of Chinese companies, many advantages in the field of semiconductors and electric vehicles have been highlighted. Especially in the field of electric vehicles, many foreign countries** admit it"The development of electric vehicles in China is the best in the world"。In this case, of course, high R&D expenditures are inseparable: BYD, Huawei, Tencent and other companies are trying to expand their own R&D investment, so that their R&D and technical capabilities are in line with the status of world enterprises.
In a virtuous circle, where there are forces trying to conquer the market and market existence, companies can naturally invest more money in the research and development of new technologies. This is also the reason why Chinese companies' R&D spending has shown catch-up growth.
At the same time, many U.S. tech companies are very unhappy with the U.S. chip ban. Because they know that if they invest more in R&D, they can make more money. Instead, they can only grow through layoffs and other cost-cutting measures. Arguably, this is the beginning of a vicious circle: now that the US insists on expanding the scope of the ban, it will not be easy for these US companies to maintain the current 40% of R&D spending.
This will only exclude U.S. semiconductor manufacturers from the competition. How much time do you think is left to bridge the gap between R&D and U.S. companies? Comments, likes, and feedback are welcome!