Citing a new study by Fairview Researchs IFI Claims Patent Services, the report said, that shows Chinese firms are increasingly responsible for a greater share of the worlds innovation.
Huawei took out 2,770 U.S. patents last year, ranking fifth on the list of companies getting the most U.S. patents, Bloomberg reported Tuesday.
Although Huaweis networking equipment is excluded from the U.S. market, and the Biden administration has banned it from obtaining some components for its phones, the Shenzhen-based company has succeeded in obtaining more patents, said the report.
The analytics firm said when it comes to global patent ownership, Chinese companies also dominate.
Huaweis foldable phone (File photo/NBD)
Everywhere you turn, they (Chinese companies) seem to be establishing themselves, or seeking to establish themselves, as major players, IFI Claims Chief Executive Officer Mike Baycroft was quoted as saying.