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China has extended its lead over the number two filer the United States, the U.N. patent agency said on Tuesday
The United Nations has said that China remains the biggest source of applications for international patents in the world in 2020 for the second consecutive year.
China has extended its lead over the number two filer the United States, the U.N. patent agency said on Tuesday.
The World Intellectual Property Organization (WIPO), which oversees a system for countries to share recognition of patents, said China filed 68,720 applications last year while the United States filed 59,230.
The rate of increase was higher for China with a 16.1 per cent year-on-year increase versus 3 per cent for the United States, it added. China first knocked the United States from the top spot in 2019.
China was the biggest source of applications for international patents in the world in 2020 for the second consecutive year and extended its lead over No. 2 filer the United States, the U.N. patent agency said on Tuesday
The world is undergoing an unprecedented dearth of microchips needed for a wide spectrum of everyday gadgets from gaming consoles, smartphones, tablets and home appliances to TVs, as well as automobiles that are increasingly being electrified.