Chips & Technologies Inc says it will perhaps double the amount it spends on research and development in fiscal 1989 over the $18.7m it spent in fiscal 1988, and reckons it will have to spend $30m to $40m this year to keep up: I would be more concerned if we did not increase our research and develop said president Gordon Campbell, adding we are in a competitive industry and if we did not continue to bring out new products, it will be hard to grow profits.