Earnings show Chinese chip designers devote up to half of revenue to research, far above US peers, as Beijing pushes tech self-reliance
By contrast, US chipmakers such as AMD and Intel have typically spent between 20 and 30 per cent of their revenue on R&D in recent years.
Despite higher ratios, Chinese chip designers continue to lag behind US giants on absolute R&D spending.
Nvidia spent US$18.5 billion for the year ended January 25, 2026, according to exchange filings, while AMD spent US$8 billion and Intel spent US$13.8 billion for the year ended December 27, 2025.
Source: News - South China Morning Post
