World Intellectual Property Day: Huawei Reveals It Had 74,397 Patents As At Dec. 2017

by Jed John 0

April 26 is marked as the World Intellectual Property Day annually. The event was established by the World Intellectual Property Organization (WIPO) in 2000 to “raise awareness of how patents, copyright, trademarks and designs impact on daily life” and “to celebrate creativity, and the contribution made by creators and innovators to the development of societies across the globe.Huawei logo

Huawei is marking the event, taking time out to disclose its patent portfolio. As we would have expected, Huawei revealed that is has a total of 74,326 patents as at December 31, 2017. In addition, the company also applied for 64,091 patents in China and 48,758 foreign patent application, of which over 90% are invented patents. It could be recalled that the European Patent Office (EPO) did reveal that Huawei had the highest patent filings last year with a total patent application of 2,398. Of course, Huawei’s patents must have gone past 74,326 by now.

Related: Huawei R&D Spending Was Nearly $14 Billion In 2017 & It Plans To Spend More!

This disclosure clearly shows how much Huawei has ramped up its Research and Development (R&D) efforts both in China and overseas. The Chinese tech giant recently revealed that its annual investment in research and development (R&D) reached 89.7 billion Yuan ($13.8 billion) which represents a 17.4 percent increase over the company’s R&D spending for 2016. The disclosure also meant Huawei’s R&D spending over the past decade had exceeded 394 billion Yuan ($60.4 billion). Globally, Huawei’s investment in R&D ranks third, behind Amazon and Google’s parent company, Alphabet. The company promised to continue a $10 billion investment annually in research and development. So, expect more innovations from the Chinese giant.