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This is the expense the company spent on research and development. STMicroelectronics NV's research and development for the three months ended in Sep. 2014 was $377 Mil. Its research and development for the trailing twelve months (TTM) ended in Sep. 2014 was $1,369 Mil.
This is the expense the company spent on research and development.
STMicroelectronics NV Research & Development for the trailing twelve months (TTM) ended in Sep. 2014 was 407 (Dec. 2013 ) + 378 (Mar. 2014 ) + 207 (Jun. 2014 ) + 377 (Sep. 2014 ) = $1,369 Mil.
If competitive advantage is created by a patent or tech advantage, at some point it will disappear.
High R&D usually dictates high SG&A which threatens the competitive advantage.
STMicroelectronics NV Annual Data
|Research & Development||1,532||1,630||1,667||1,705||2,152||2,163||2,350||2,352||2,413||1,816|
STMicroelectronics NV Quarterly Data
|Research & Development||617||578||585||533||453||423||407||378||207||377|