financetom
Business
financetom
/
Business
/
European patent applications hit record high in 2023
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
European patent applications hit record high in 2023
Mar 18, 2024 5:51 PM

(Reuters) - The European Patent Office (EPA) received a record number of patent applications last year, with the biggest share of fillings coming from the United States, Germany, Japan and China, the office's register showed on Tuesday.

The office said it received 199,275 applications in 2023, 2.9% more than a year ago.

China's Huawei filled the largest number of applications for the third year in a row, followed by Samsung, LG, Qualcomm, Ericsson, and Siemens.

Patent applications are seen as an early indication of how much firms have been spending on research and development.

"This underlines both the attractiveness of the European technology market and the high quality of our products and services," EPA President Antonio Campinos said in a statement.

Applications from small and medium-sized enterprises have reached the highest level to date, he added.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved