Connect with us

Business & Tech

Samsung Leads in U.S. Patents

Published

on

According to a recent press release and report from IFI CLAIMS Patent Services, South Korea-based company Samsung took the lead for patents issued in 2022, topping IBM. Also last year, U.S. patent grants issued dropped to their lowest level since 2018

The press release revealed the following:

Samsung came in atop the annual IFI Top 50 patent earners with longtime leader IBM in second place. This is the first time a company other than IBM has been in the top slot since 1993. Based on the data, IBM’s U.S. patent grants decreased in 2022, going from 8,681 in 2021 to 4,398 last year, a nearly 50 percent regression. But even Samsung, with 6,248 grants, saw a moderate decline (2 percent) from the prior year.

Still with one of the strongest U.S. patent portfolios, IBM’s new placement on this year’s list is attributable, according to IBM’s blog, to its heightened focus since 2020 on prioritizing open source, collaboration and partnerships, and advancing the state of the art around the company’s key technology areas including hybrid cloud, AI, quantum computing, semiconductors and security.

Following Samsung and IBM, the top 10 patent earners were Taiwan Semiconductor, Huawei Technologies, Canon, LG Electronics, Qualcomm, Intel, Apple and Toyota Motor.

Advertisement

The past year marks the third straight to see declines in patent grants, since the start of the pandemic. Across the board, U.S. patent grants declined just over 1 percent from 2021, representing a vigorous rebound following a 7 percent dip the prior year. Grants dropped from 327,321 to 323,015. Published patent applications, meanwhile, hurtled from 410,092 in 2021 to a record 417,922 last year, a 2 percent increase and the continuation of a five-year run of rising USPTO requests. Highlights from the full analysis and an overview of trends appear on the IFI website.

“Everything was trending upward until COVID hit, but grants have been declining. This might be due to the fact the USPTO faces a growing backlog of applications, some 700,000 currently, up from 540,000 unexamined patents in 2018,” said Mike Baycroft, CEO of IFI CLAIMS Patent Services. “But the continued growth in applications is encouraging for innovation. First comes the filing, then typically 12-18 months later the application becomes public, then in another 18 months the grant is issued, so we expect to see a post-COVID upturn in the next couple of years.”

Tim Young is the Editor In Chief of National Mouth. He’s a comedian, commentator and author whose work has been featured and noted by major publications over the last two decades.  He specializes in bourbon, cigars, pop culture, and in his own words, "politics, unfortunately."

Continue Reading
Advertisement