Corporate R&D spending hits record highs for the Top 1000, despite concerns of economic protectionism
Annual worldwide R&D spending breaks through $700bn for the top 1000 corporate R&D spenders for first time. 25% of executives surveyed reported having already experienced some pressure to change how or where they conduct innovation. Amazon is the world’s largest corporate spender on R&D at over $16bn. Alphabet surpasses Apple, according to a global survey of R&D executives, as the Most Innovative Company and for the first time a Chinese company, Alibaba joins the Top 10 Most Innovative Companies list.