Companies spent $341 billion on R&D in the United States in 2014, a rise of 5.6 percent compared with the year before.
The National Science Foundation released its annual report on industry R&D spending in the US, compiled by the National Center for Science and Engineering Statistics (NCSES), on 25 August.
The report shows that basic research accounted for 6 percent of the total spend, an increase of 2 percentage points since 2011, while applied research made up 16 percent. The rest was spent on development.
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