Sign In
New York Business Times Logo
  • Home
  • Business
  • Technology
  • Entertainment
  • Finance
  • Sports
Reading: Huawei, Tencent among top cybersecurity patent holders as China fosters own tech, report says
Share
newyorkbusinesstimes.comnewyorkbusinesstimes.com
Aa
  • Business
  • Finance
  • Technology
  • Entertainment
  • Sports
Search
  • Business
  • Finance
  • Technology
  • Entertainment
  • Sports
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Huawei, Tencent among top cybersecurity patent holders as China fosters own tech, report says
Technology

Huawei, Tencent among top cybersecurity patent holders as China fosters own tech, report says

Justin Ashley
Last updated: 2023/11/07 at 6:14 PM
Justin Ashley
Share
Huawei, Tencent among top cybersecurity patent holders as China fosters own tech, report says
SHARE

[ad_1]

A Chinese flag flies outside a residential compound in Beijing on April 30, 2017.

Greg Baker | Afp | Getty Images

Chinese companies have gained ground in global patent holdings in the cybersecurity technology sector amid growing U.S.-China tensions, according to a report from Nikkei Asia on Sunday.

Chinese firms such as Huawei and Tencent accounted for six of the top 10 global patent holdings in the cybersecurity technology sector as of August, based on data compiled by Nikkei in cooperation with U.S. information services provider LexisNexis. The data took into account patents registered across 95 countries and regions.

The report said that U.S. computer manufacturer IBM came out top with 6,363 patents followed by Huawei and Tencent with 5,735 and 4,803 patents respectively.

Among the top 10 include Alibaba’s financial arm Ant Group in sixth place with 3,922 patents, as well as Alibaba Group Holding with 3,122 patents, the Nikkei said. Sovereign wealth fund China Investment Corp. had 3,042 patents, it added.

This comes as escalating tensions between the U.S. and China have pushed the latter and its homegrown firms to seek self-reliance in science and technology. For example, the U.S. recently tightened restrictions on artificial intelligence chip exports to China over growing concerns that Beijing could use those chips to advance its military capabilities.

Hiroko Osaka, head of marketing in Asia for LexisNexis Japan’s intellectual property department, was quoted as saying there’s been a “dramatic increase in filings by Chinese firms in general, especially since 2018.”

Huawei has been at the center of U.S. sanctions aimed at securing U.S. networks and supply chains since the U.S. tightened export controls on high-tech firms five years ago.

In 2018, the U.S. banned its agencies from obtaining Huawei equipment or services. In 2019, Huawei was placed on the U.S. trade blacklist, which restricts American firms from doing business with the Chinese company. The U.S. also limited Huawei’s access to foreign-produced semiconductors made with U.S. technologies.

“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 told Nikkei Asia.

Read more about China’s growing patent filings in the Nikkei Asia report.

Justin Ashley 7 November 2023 7 November 2023
Share This Article
Twitter Email Copy Link Print
By Justin Ashley
Justin Ashley is a distinguished financial expert with an impressive track record in the world of finance. He embarked on his career at New York Business Times in 2015 as a finance correspondent and has since become a prominent figure in the industry.
Previous Article NFL Coach of the Year, MVP candidates and biggest surprises at midseason: Sando’s Pick Six NFL Coach of the Year, MVP candidates and biggest surprises at midseason: Sando’s Pick Six
Next Article China’s biggest shopping festival is set for a tepid 2023, survey finds China’s biggest shopping festival is set for a tepid 2023, survey finds
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Oponion

Deepak Rajaa V M: Architecting Purpose Across Borders

Deepak Rajaa V M: Architecting Purpose Across Borders

Deepak Rajaa’s journey began as a cadet at Sainik School…

3 July 2025

Award-winning British journalist and children’s writer Dawn-Maria France has ventured into animation as a creator and scriptwriter! BY Torie Boyd

Dawn-Maria France is an award-winning British…

21 February 2025

Fake news sites with Russian ties flood the US

In a dwindling field of journalism…

29 January 2025

US added 275,000 jobs in February as growth remains strong: Live updates

If the economy is slowing down,…

29 January 2025

Bitcoin made a great comeback and touched a record high

Bitcoin hit a record high of…

29 January 2025

Britain will cut taxes again as elections approach

Amid weak economic growth prospects, the…

29 January 2025

Your inhalers and EpiPens aren’t very healthy for the environment

A single-use insulin pen changed Brian…

29 January 2025

An upbeat FTC boosts Biden’s efforts to address inflation

An independent federal agency has become…

29 January 2025

Disney to step back from India in mega-deal with Reliance Industries

Walt Disney Co. on Wednesday announced…

29 January 2025

You Might Also Like

Salesforce announces new AI tool for doctors
Technology

Salesforce announces new AI tool for doctors

Wednesday, November 29, 2023 Salesforce is headquartered in San Francisco, California, US.David Paul Morris | Bloomberg | getty imagessales force…

3 Min Read
Bitcoin breaks ,000 in choppy trading, ends the week with a new record
Technology

Bitcoin breaks $70,000 in choppy trading, ends the week with a new record

value of Bitcoin It hit a new record on Friday, breaking $70,000 for the first time.According to Coin Metrix, the…

2 Min Read
Apple iPhone sales fall 24% in China as Huawei smartphone business rebounds, report says
Technology

Apple iPhone sales fall 24% in China as Huawei smartphone business rebounds, report says

Customers learn about the newly launched iPhone15 at an Apple Store in Yantai, East China's Shandong province on September 28,…

4 Min Read
Cryptocurrencies recover after Bitcoin retreats from new record
Technology

Cryptocurrencies recover after Bitcoin retreats from new record

Selim Korkutata | Anadolu Agency | getty imagesCryptocurrencies surged on Wednesday, recouping losses from the previous day's selloff, which came…

3 Min Read
New York Business Times Logo

News

  • Sponsored & Guest Post
  • Remove News

CATEGORY

  • Business
  • Finance
  • Technology
  • Entertainment
  • Sports

INFORMATION

  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions

Social Media

  • Instagram
  • Facebook
  • X
  • Linkedin

© New York Business Times. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?