That line is completely at odds with the title. In R&D 'alive and well' is not synonymous with spending lots of money. The key factor for deciding whether an R&D organisation is 'alive and well' is output. I.e. have they produced novel research or developed amazing products. Another important factor is the cost of that output. Anything is possible with an endless supply of slave labour (or money).
In this case I think that spending 100m on a controller that has only incremental improvements is not a sign of good R&D. It is a sign of a company with a lot of money that is not willing to take excessive risks.