Ten Tech Companies with the Biggest R and D Budgets
Apple is a multinational corporation based in Cupertino in California. Steve Jobs established the company in 1976 with Steve Wozniak and Ronald Wayne. The company designs, develops, manufactures, markets and sells personal computers, software and other consumer electronics. It revolutionized music through the iPod, tablet computers through iPad, and mobile phones through the iPhone. In terms of revenue, it is the second largest information technology company in the world.
#9. Amazon - $2.9 billion
Amazon is an electronic commerce company based in Seattle in Washington. It started out as an online bookstore, but it eventually diversified to sell items such as DVD's, CD's, VHS tapes, software, apparel, furniture, video games, toys, jewelry and even food. Jeff Bezos established the company in 1994 and it went online the following year. It is also a major provider of cloud computing services.
#8. Google - $5.2 billion
Google is a multinational corporation based in California. Larry Page and Sergey Brin established the company in 1998. The company specializes in products and services related to the Internet, like the search engine, software, cloud computing and online advertising technology. It has since grown rapidly to offer other products like Gmail, Google Drive, Google Plus, Chrome OS and the Chromebook.
#7. Cisco - $5.8 billion
Cisco is a multinational company based in San Jose in California. The company designs, develops, manufactures and sells networking equipment. Leonard Bosack and Sandy Lerner established the company in 1984. Its products also include items for network management, optical networking, storage area networks, VOIP, and data center.
#6. IBM - $6.3 billion
International Business Machines Corporation is more commonly known as IBM. Thomas J. Watson and Charles Ranlet Flint established the company in 1911 as the Computing Tabulating Recording Company, or CTR. This multinational technology and consulting company is based in Armonk in New York. It has 12 research laboratories around the world and holds the record for most patents by a company for 20 straight years. The company offers hardware and software, as well as infrastructure, hosting and consulting services for a variety of items from mainframe technology to nanotechnology.
#5. Panasonic - $6.6 billion
Panasonic is a multinational electronics company based in Osaka in Japan. It is considered as one of the largest electronics producers in Japan. Formerly called the Matsushita Electric Industrial Co. Ltd., Konosuke Matsushita established the company in 1918. It is also the fourth largest manufacturer of televisions in the world as of 2012.
#4. Nokia - $7.8 billion
Nokia is a multinational communications and information technology company based in Espoo in Finland. It offers mobile telephones and portable devices, as well as services like applications, games, music, media and messaging. Fredrik Idestam and Leo Mechelin established the company in 1871, though it can trace its roots even further back to 1861. It was the largest vendor of mobile phones from 1998 to 2012. In 2013, Microsoft bought the company for $7.2 billion.
#3. Intel - $8.4 billion
Intel is a multinational company based in Santa Clara in California. It is now the largest and highest-valued semiconductor company in the world based on revenues earned. Gordon Moore and Robert Noyce established the company in 1968. It developed the x86 microprocessor, which is the processor found in most personal computers. It also develops and manufactures motherboard chipsets, network interface controllers, integrated circuits, flash memory, graphic chips and embedded processors.
#2. Samsung - $9 billion
#1. Microsoft - $9 billion
Microsoft is a multinational software company based in Redmond in Washington. It has since become the largest maker of software in the world, as well as one of the most valuable. Bill Gates and Paul Allen established the company in 1975. It develops, creates, licenses and supports several products and services related to computing. It has been dominant in the fields of operating systems and office suites, and has also made headway in search engines, video games, mobile phones and digital services.
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