China Overtakes US in R&D Spending at $615 Billion as Chip Curbs Spur Investment
Updated
Updated · Nikkei Asia · Aug 7
China Overtakes US in R&D Spending at $615 Billion as Chip Curbs Spur Investment
2 articles · Updated · Nikkei Asia · Aug 7
Summary
$615 billion in 2024 corporate and university R&D spending put China ahead of the United States, according to new Japanese data.
Computers and electronics drove the jump, with corporate investment leading the increase in research outlays.
Beijing is accelerating domestic development to blunt Washington's export restrictions on advanced chips, linking the spending surge to a broader technology rivalry.