China's Cybersecurity Patent Holdings Surge

Chinese companies, including Huawei and Tencent, have increased their global patent holdings in the cybersecurity technology sector, surpassing the U.S. as the top patent holder. This is seen as a response to U.S.-China tensions and the push for tech self-reliance. Huawei's Mate60 Pro has sparked a competition between the US and China in the global semiconductor industry, with unintended consequences for Western companies. Huawei has reported modest revenue growth for the first three quarters of 2023, driven by its digital power, cloud, and auto parts businesses.