Huawei secured 5th Rank in U.S. Patents in Sign of Chinese Growth

Huawei is continuing to move up the list of companies getting the most U.S. patents, according to a new study of patenting activity that shows Chinese firms are increasingly responsible for a greater share of the world's innovation. Huawei received 2,770 U.S. patents last year, putting it at No. 5 behind perennial top patent-getter International Business Machines Corp. according to the study by Fairview Research's IFI Claims Patent Services. Huawei's success in obtaining patents comes even as its networking equipment is shut out of the American market and it's been cut off from procuring components needed for its phones by…