U.S. Patent Power Slipping, But Still Strong
America's longstanding dominance of new U.S. patents may be slipping but the economic downturn has not stemmed the overall flow of patent activity, according to a compilation of the world's top-ranked U.S.-patent companies released Wednesday from IFI Patent Intelligence. The analysis shows the Patent and Trademark Office issued 157,774 utility patents in 2008, up slightly over 157,284 in 2007.
IBM still tops the list and is ahead by a relatively wide margin but "the scales of patent-quantity supremacy may be shifting away from corporate America in favor of companies overseas, especially to those in Asia," the firm said. IBM set a new all-time record of 4,186 patents, up 33 percent over 2007. Samsung was in second place with 3,515, up 29 percent; followed by Canon at number three, with 2,114. Microsoft ranked fourth with 2,030, up 24 percent over the prior year. Other notable companies include Intel, Broadcom, Cisco, Hon Hai of Taiwan, Fujifilm and LG Philips LCD.
"American companies garnered a minority share of the total number of corporate U.S. patents last year, it's important not to confuse quantity with quality," IFI's Darlene Slaughter said in a press release. "Many of the world's largest companies are placing a higher priority on protecting their intellectual property. Securing patents may be even more important in a down economy, since it gives patent-holders an edge over their competitors." She noted that many of the patents granted in 2008 were applied for in 2005 and 2006, so the economy had little, if any, effect on approvals.
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