Wednesday, September 28, 2022

5G

ZTE considered setter of global 5G standards, report finds

global 5G standards

Chinese telecoms vendor ZTE Corp. has been included among major participants and setters of the global 5G standards for leading the world in 5G technology, patents, standards, industries, and terminals, according to a recent report by investment management company Jones Lang LaSalle (JLL).

According to the report, ZTE has also been ranked in the first tier of global patent layout in recognition of its contribution to the research and setter of global 5G standards.

To date, ZTE’s patented technology value has exceeded $6.94 billion.

With the advent of the digital economy era, a new generation of mobile information technology, like 5G, has developed into a key driving force for the digital transformation and upgrading of the entire society.

Enhancing independent technological innovation and strengthening the cultivation and layout of high-quality patents are playing an important role in the development of China’s enterprises.

ZTE highlighted in a company statement its commitment to strengthening its core competence while continuing to research and develop key technologies and basic sciences.

The company has invested more than $1.54 billion on a yearly basis in the R&D over the past years. During 2020, its R&D spending reached $2.28 billion, accounting for 14.6 percent of its operating revenue.

As 5G technology becomes mature and gains increasing popularity, major global manufacturers are building their core competitiveness in the iterative patent layout.

The Chinese telecoms giant has launched a high-quality patent layout in many 5G-related fields. In parallel, by virtue of its global strategic layout, the company continues to bring its customers the innovative products and high-quality services and is committed to creating value for its customers as a “digital economy road builder.”

ZTE, backed up with its high R&D spending and continuous technology accumulation, has filed over 80,000 global patent applications by March 2021, and accumulated more than 38,000 granted patents globally, including 4,270 chip patent applications and more than 1,800 granted patents.

According to the latest report “Who is leading the 5G patent race?” published in February by IPlytics, ZTE has been included in the global top three for its sustainable leadership in 5G declared Standard-Essential Patents (SEP) to ETSI.

“As one of China’s high-tech companies in global competition, ZTE is fully aware of the value and significance of independent R&D and technological innovation. The company has maintained powerful investment in R&D for decades and has accumulated a large number of innovative technological achievements,” said Hu Yi, Vice President and Head of Intellectual Property Department at ZTE Corporation.

Hu noted that the company reaches patent cross-licensing with mainstream companies in the telecoms industry, thereby achieving rapid iteration of new technologies and products through commercial interactions and promoting telecoms industry technologies to further impact vertical industries.

In the past few years, ZTE’s intellectual properties income has grown steadily, which has brought cash benefits to the company and will continue to create predictable benefits. “It is estimated that our intellectual properties will bring nearly $694-$925 million revenue to the company during the period from 2021 to 2025,” Hu added.