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Samsung Grabs 2nd Position in Global Application of 5G-Related Patents

In August, Samsung announced it will invest 180 trillion won or $152 billion over the next three years to promote its new growth engines

Samsung Electronics Co., the world’s largest maker of smartphones, ranked second in global applications of 5G-related patents, according to a recent report.

Samsung made 2,846 5G patent applications to global organisations, with China’s Huawei leading the pack with 3,325 patent applications, according to the report by German market research firm IPlytics, Yonhap news agency reported on Sunday.

South Korean tech giant LG Electronics Inc came in third place with 2,463 patent applications, the report showed.

Other telecom equipment makers, including Finland’s Nokia, China’s ZTE and Sweden’s Ericsson, were among the top 10 companies on the list.

Samsung has been ramping up its efforts in the 5G market as Huawei, the world’s largest telecom equipment maker, has faced setbacks in the global market following the US ban on its equipment.

Samsung
Samsung Electronics Co., the world’s largest maker of smartphones, ranked second in global applications of 5G-related patents, according to a recent report. Pixabay

In August, Samsung announced it will invest 180 trillion won or $152 billion over the next three years to promote its new growth engines.

The massive investment centres on building up its artificial intelligence, 5G network, bio and automotive operations.

ALSO READ: Now Google Assistant Lets Users Ask Frozen Characters to Tell a Story

Analysts say 5G mobile networks will enable networks to handle far larger volumes of data with very low latency, which smooths the way for everything from streaming high-definition videos to autonomous driving and precise remote control of robots in factories. (IANS)

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