It might come as no surprise that companies spend the most in research and development are the giants of technology.
According to data collected by Nasdaq.com, Amazon has won the title of the world’s largest investor in research and development, which in 2020 amounted to nearly $ 43 billion, or about 11% of its revenue.
Alphabet and Huawei completed the podium, spending $ 27.6 billion and $ 22 billion respectively on innovation that year, or roughly 15% of their revenue.
A graph prepared by “Statista” and viewed by “Al Arabiya.net”showed that Meta Platforms (formerly Facebook) was the hottest in percentage of revenues, which amounted to 21%, amounting to 18.5 billion dollars.
The Nasdaq said other big players include the automotive and pharmaceutical industries, with Volkswagen, Intel, Roche and Johnson & Johnson the remaining four places in the top 10. in spending terms in research and development.
According to the National Science Council, most of the global investments in research and development is carried out by some countries, with the United States accounting for 27% of the global share (or $ 656 billion) and China 22% (or $ 526 billion) in 2019.
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