The next generations of telecom technologies are called ?LTE? or ?4G?. China?s Huawei believes that by 2015, it will hold 15?20% of the worldwide patents in these technologies, and that these will it at least 1.5% of the sales price of every device?every cell phone, laptop, and tablet?that uses them.� Huawei is on track to achieve its goals: in 2007, it held just 152 patents; by the end of 2009, it had applied for 42,543 patents, of which 11,339 had been granted in China, 215 in the United States, and 1282 in Europe. Huawei?s rival, ZTE, claims to hold 7% of the world?s LTE patents and plans to increase this to 10% by 2012. Emboldened by these successes, the Chinese government has initiated a nationwide program to make China the world leader in patents in every important industry.� The New York Times reported that the government is offering cash bonuses, better housing, and tax breaks to individuals and companies filing�the most patent applications. According to the Times, China?s goal is to increase the number of its yearly ?invention? patent filings from this year?s 300,000 to one million by 2015. And it wants another one million ?utility-model patents?, which typically cover items like engineering features in a product. In comparison, there are 500,000 invention patents granted every year in the U.S. The�requirements for�?utility-model patents? are so mundane that they are not even recognized�in the U.S. as a legitimate criterion for the existence of intellectual property. 
Source: http://feedproxy.google.com/~r/Techcrunch/~3/LdUlusIALOk/
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