A Chinese flag flies outside a domestic substance in Beijing on April 30, 2017.
Greg Baker|Afp|Getty Images
Chinese business have actually picked up speed in worldwide patent holdings in the cybersecurity innovation sector in the middle of growing U.S.-China stress, according to a report from Nikkei Asia on Sunday.
Chinese companies such as Huawei and Tencent represented 6 of the top 10 worldwide patent holdings in the cybersecurity innovation sector since August, based upon information assembled by Nikkei in cooperation with U.S. info companies LexisNexis. The information took into consideration patents signed up throughout 95 nations and areas.
The report stated that U.S. computer system maker IBM came out leading with 6,363 patents followed by Huawei and Tencent with 5,735 and 4,803 patents respectively.
Among the top 10 consist of Alibaba’s monetary arm Ant Group in 6th location with 3,922 patents, along with Alibaba Group Holding with 3,122 patents, the Nikkei stated. Sovereign wealth fund China InvestmentCorp had 3,042 patents, it included.
This comes as intensifying stress in between the U.S. and China have actually pressed the latter and its homegrown companies to look for self-reliance in science and innovation. For example, the U.S. just recently tightened up limitations on expert system chip exports to China over growing issues that Beijing might utilize those chips to advance its military abilities.
Hiroko Osaka, head of marketing in Asia for LexisNexis Japan’s copyright department, was estimated as stating there’s been a “dramatic increase in filings by Chinese firms in general, especially since 2018.”
Huawei has actually been at the center of U.S. sanctions targeted at protecting U.S. networks and supply chains given that the U.S. tightened up export controls on state-of-the-art companies 5 years back.
In 2018, the U.S. prohibited its firms from getting Huawei devices or services. In 2019, Huawei was put on the U.S. trade blacklist, which limits American companies from working with the Chinese business. The U.S. likewise restricted Huawei’s access to foreign-produced semiconductors made with U.S. innovations.
“The importance of IP protection was reaffirmed in the battle for supremacy over advanced technology and data, which may have sparked the surge of application filings by Chinese firms,” Osaka informed Nikkei Asia.
Read more about China’s growing patent filings in the Nikkei Asia report.
