Published on : Mar 19, 2015
The giant telecom industry in China known as Huawei Technologies Co. Ltd bagged the world’s leading international patents in 2014. The data was gathered by various Chinese technology companies and reported by the United Nations.
After the success of Qualcomm Inc chipmaker, Huawei was rate next in the line-up. Huawei also has its crosstown rival ZTE Corp that was once the leading applicant in 2012.
WIPO ranked it third place in terms of number of filings.
WIPO’s ratings are considered as the rough barometer when it comes to technological progress of a country. According to WIPO, China is the only country that has witnessed double-digit growth in its filings in spite of the U.S. companies taking the lead. The next upcoming automotive power hub was Japan that experienced a total slide in its filings.
China’s leading policymakers have offered high incentives in the recent years to nudge various companies in China to shift from the low-cost manufacturing to low-value to fostering innovation.
China has also made couple of reforms to improve the IP enforcement within the legal system. It was long considered dubious by the Chinese and foreign firms. The emphasis of this innovation was repeated this month at the annual parliamentary session in China.
In January, Premier Li Keqiang had made high-profile visit to the research and development centre at Huawei. Huawei announced its R&D yearly budget equal to 10 percent of its revenue. It is proportionally higher than many of its competitors.
The company plans to spend US$600 million on the 5G wireless research and development in the forecast period, 2013-2018.