ZTE's patented technology value exceeds RMB 45 billion USA country - Techprotut news

 

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/PRNewswire/ — SHENZHEN, China, April 26, 2021 — According to the latest report "Challenges and Prospects for China's 5G Industry," ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise, and consumer technology solutions for the Mobile Internet, has been included among major participants and setters of global 5G standards for leading the world in 5G technology, patents, standards, industries, and terminals (JLL).

SHENZHEN, China, April 26, 2021 — /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise, and consumer technology solutions for the Mobile Internet, has been included among major participants and setters of global 5G standards for leading the world in 5G technology, patents, standards, industries, and research, according to the latest report "Challenges and Prospects for China's 5G Industry" (JLL).

With the rise of the digital economy age, a modern wave of mobile information technologies, such as 5G, has emerged as a critical driving force for the digital transformation and upgrading of society as a whole. Enhancing independent technical advancement as well as improving the cultivation and layout of high-quality patents are critical to China's business growth. ZTE focuses on strengthening its core expertise and aims to research and grow in key innovations and basic sciences as a significant contributor to global 5G standards.

Over the last few years, the firm has spent more than RMB 10 billion in R&D on a yearly basis. R&D expenditures hit RMB 14.8 billion in 2020, accounting for 14.6 percent of operating revenue.

Big global producers are growing their key competition in the iterative patent layout as 5G technology matures and achieves increasing acceptance. In several 5G-related areas, ZTE has introduced a high-quality patent layout. To retain its strategic edge in both domestic and foreign markets, the organisation continually improves its advanced R&D capability. Furthermore, because of its global geopolitical positioning,

ZTE has submitted over 80,000 global patent applications and accumulated more than 38,000 granted patents, including 4,270 chip patent applications and more than 1,800 granted patents, thanks to its heavy R&D investment and continuous invention accumulation. According to IPlytics' new study "Who is leading the 5G patent race?" released in February, ZTE has been ranked in the top three globally for its long-term leadership in 5G patents that have been considered Standard-Essential Patents (SEP) by ETSI.

Efficient operations techniques efficiently drive the transfer of innovation successes, enhancing high-quality intangible asset development.

ZTE has been continuously strengthening the use of intellectual property as its research and development capabilities have improved significantly (IP). ZTE vigorously encourages the application, transfer, and execution of patents under highly productive operating techniques, in addition to reinforcing the cultivation and architecture of high-value patents. On the one side, it works to balance patent submissions and invention R&D with industry demand, while still working to improve the efficiency of patents.