Intel Outspends Rivals In R&D: 28% More Than Nvidia, 156% More Than AMD

Intel shelled out $16.5 billion on R&D in 2024, outspending Nvidia by 28% and AMD by 156%, with much of the cash going into chip design, fabrication tech, and the upcoming Nova Lake architecture. "When you compare the R&D expenditures to the amount of revenue, though, the story takes on a very different look," notes PC Gamer. "Intel spent 31% of its net revenue, and 26% for AMD, but Nvidia and Samsung got by on just 10% and 4%, respectively." From the report: An analysis of research and development expenditure by TechInsights was reported by Korea JoongAng Daily, but you can get the numbers yourself by pulling up each company's 2024 financial results. For example, AMD declared that it spent $6.456 billion last year (pdf, page 1) on R&D, whereas Nvidia forked out $12.914 billion. It's worth noting that Nvidia's financial statements are numbered one year ahead of the actual period (FY 2026 is 2025 and so on). Anyway, those figures pale in comparison to how much cash Intel burned through in 2024 to research and develop chip, fabrication technologies, software, and all kinds of tech stuffa"a staggering $16.546 billion (pdf, page 25). That's 28% more than Nvidia and a frankly unbelievable 156% more than AMD. The nearest non-US semiconductor firm is Samsung Electronics, which spent a reported $9.5 billion on R&D. That would place third, comfortably ahead of AMD, and it strongly suggests that if you have your own foundries for making chips, you need to spend a lot of cash on finding ways to make better processors.

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