Huawei tops in global patent applications last year
Qualcomm had the second highest total of global patent applications last year. Following the chipmaker, Huawei rival ZTE was third. The latter had the top ranking for patent applications in 2012. Panasonic was on top of the list in 2014. While U.S. companies rang up the most applications overall last year, China was the only country to tally a double-digit increase.
The Chinese government has helped the country shift from being a manufacturer of low-priced cheap goods to one where its tech companies routinely file a large number of patent requests. The government has also strengthened enforcement of IP theft in the country. Huawei has said that the 10% of revenue that it spends on R&D annually is much higher than the percentage budgeted by its rivals in China. Last month, the company revealed that it will end up spending $600 million from 2013 to 2018 on 5G technology. It plans to launch the network in 2020.