China accounts for 6 out of 10 companies holding cybersecurity patents

by nativetechdoctor

The report said China’s Huawei and Tencent are among the top cybersecurity patent holders.

According to a report from Nikkei Asia, the Chinese have gained ground in holding global patents in the field of cybersecurity technology amid increasing US-China tensions.

Specifically, corporations such as Huawei and Tencent accounted for 6 out of 10 global patent holders in the field of cybersecurity as of August, based on data compiled by Nikkei in cooperation with service providers. Information compiled by America’s LexisNexis. This data takes into account patents registered in 95 countries and regions.

The report said that computer manufacturer IBM (USA) ranked first with 6,363 patents, followed by Huawei and Tencent with 5,735 and 4,803 patents respectively. Among the top 10 companies is Alibaba’s financial conglomerate Ant Group in sixth place with 3,922 patents, as well as Alibaba Group Holding with 3,122 patents. China Investment Corp. sovereign wealth fund. has 3,042 patents.

Escalating tensions between the US and China have pushed the country of billions of people and its companies to seek self-reliance in science and technology. The US recently tightened restrictions on the export of AI (artificial intelligence) chips to China due to concerns that Beijing could use them to enhance its military capabilities.

LexisNexis identified that the number of patents issued by Chinese companies has increased significantly, especially since 2018. Huawei is the first corporation targeted by sanctions since the US tightened export controls. exports to high-tech companies 5 years ago.

In 2018, the US banned government agencies from receiving Huawei equipment or services. In 2019, Huawei was placed on the trade blacklist, which restricts American companies from doing business with the Chinese company. The group also has limited access to foreign-made semiconductors using American technology.

LexisNexis said that because of this context, the importance of protecting intellectual property rights has been reaffirmed in the fight for control over advanced technology and data, which has in turn driven a rise in digital technology. number of registration dossiers of Chinese companies.

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