Less big spender

The semiconductor industry spent a record $56.4 billion on research and development in 2015, though growth in this spending slowed according to industry analysts IC Insights. Global chip sales came in at about $353.6 billion last year with R&D spending around $56.4 billion. Market leader Intel accounted for 22% of all semiconductor industry R&D spending in 2015. However Intel’s R&D expenditure grew 5% in 2015, well below its 13% average increase per year since 2010.