ChangXin Memory Technologies (CXMT) spent more on research and development than any other Chinese semiconductor company in the first half of 2024. The ranking indicates significant investment competition among Chinese semiconductor firms aiming to advance their technology. High research and development spending may indicate future advancements in product availability and performance.
ChangXin Memory Technologies outspends rivals SMIC and NAURA in first half of 2024
The company led the field with 5.537 billion RMB in R&D expenditure. ChangXin Memory Technologies spent more on research and development than other listed Chinese semiconductor companies in the first half of 2024. The reported figures represent direct research and development expenditures.
SMIC ranked second in total R&D spending with 2.725 billion RMB. This amount represents a 14.76 percent increase compared to the same period last year. NAURA Technology followed in third place with 2.677 billion RMB, marking a sharper 28.87 percent year-over-year growth. These three firms dominate the absolute spending totals among listed Chinese semiconductor companies.
The top ten list by total R&D amount also includes Hygon Information, Will Semiconductor, AMEC, JCET, Amlogic, Hua Hong Grace, and VeriSilicon. Sai Microelectronics stood out for efficiency, leading all companies in R&D spending as a percentage of revenue at 111.56 percent. Loongson Technology and Enflame Technology followed with 87.37 percent and 57.09 percent, respectively.
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