Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Best SBI mutual fund with up to 32% CAGR: Scheme doubled money in 3 years, tripled it in 5 – Mutual Funds News
    • Top 5 Flexi Cap Mutual Funds Based on Risk-Adjusted Returns – Money Insights News
    • The next era of sustainable investing in public markets
    • Beginner’s guide to SIP investing in passive mutual funds
    • New ETFs with Sensible Investment Approaches Are Becoming Harder to Find
    • Only 14% mutual funds invested in PSX
    • Specialised investment fund race gathers pace, investor accounts top 50,000 | Mutual Funds
    • Leveraged Samsung and SK ETFs risk overheating markets (KOR)
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Exclusive: US government funding yielded hundreds of patents for China-based researchers
    Funds

    Exclusive: US government funding yielded hundreds of patents for China-based researchers

    August 29, 2024


    • Data shows U.S. government funding behind 1,020 patents for China-based inventors
    • Critics argue China unfairly benefits in fields like biotechnology and semiconductors
    • Data fans controversy around US-China science pact

    WASHINGTON, Aug 29 (Reuters) – The U.S. Defense Department, NASA and other government agencies funded research that led to more than 1,000 U.S. patents for China-based inventors since 2010, including in sensitive fields such as biotechnology and semiconductors, data from the U.S. patent agency showed.

    The U.S. patent data, which was reviewed by Reuters and has not been reported previously, will amplify calls to cancel or renegotiate the landmark U.S.-China Science and Technology Agreement, a cooperation deal that critics say disproportionately benefits Washington’s top geopolitical rival.

    The U.S. Patent and Trademark Office supplied the data this month to the House of Representatives’ select committee on China. In June, it asked the agency whether U.S. funding resulted in Chinese breakthroughs, aiming to highlight what it views as the risks of renewing the pact.

    According to the patent office, the agency granted 1,020 patents from 2010 through the first quarter of 2024 that were both funded at least in part by the U.S. government and involved at least one China-residing inventor. The data does not detail whether U.S. entities or individuals share the patents.

    The patents included 197 in pharmaceuticals and 154 in biotechnology, both strategic industries for China and the United States.

    Funding from various U.S. government agencies supported the research, leading to 92 patents through Pentagon funding, 175 from Department of Energy money and four from NASA financial support. The U.S. space agency faces prohibitions under U.S. law from cooperating with China or Chinese companies.

    Funding from the Department of Health and Human Services yielded 356 such patents, the most of any agency.

    “It’s alarming that U.S. taxpayers have unwittingly funded over 1,000 patents claimed by Chinese entities, with the Department of Defense accounting for nearly 100 of these patents,” the select committee’s chairman, Republican Representative John Moolenaar, said in an email to Reuters.

    The patent office, NASA and the departments of defense, energy and health did not respond to requests for comment.

    The State Department, which is responsible for renegotiating the China agreement, said it remains in communication with China about the accord. “The United States remains committed to advancing and protecting U.S. interests in science and technology,” a department spokesperson said.

    China’s embassy in Washington did not respond immediately to a request for comment on the agreement and the patent data.

    The data provided by the patent authority to the House committee in a letter dated Aug. 14 did not disclose specific projects or patents. There was no indication that the funding was the direct result of the agreement, which after its signing in 1979 laid the foundation for a boom in U.S.-China academic and commercial exchanges.

    The patents covered advances in fields including semiconductors, molecular chemistry and polymers, chemical engineering, nanotechnology and medical technology.

    Such patents dropped from an annual high in 2019 of 99, to 61 in 2023. In 2024, 16 were recorded in the first quarter despite heightened U.S. government concern that Chinese science and technology advances present a national security threat.

    POSSIBLE EXTENSION OF CHINA PACT

    Once hailed as a stabilizing force in U.S.-China relations, the cooperation agreement has come under fire from lawmakers concerned about Beijing’s growing military power and alleged theft of U.S. intellectual property.

    Proponents of renewing the deal argue that ending it would stifle academic and commercial cooperation and prevent the U.S. from learning about China’s technical advances.

    A second six-month extension to the agreement, which expired in August 2023, ended on Tuesday. Another short-term extension could occur in the coming days as both sides have sought to renegotiate its terms.

    The patents identified by the U.S. patent office represent a small fraction of China’s global patents. Patents grant exclusive legal rights to inventors but also publicly disclose technical information about those inventions.

    In one measure of global innovation, China has in recent years surpassed the U.S. to become the world’s leading filer of patent applications.

    Sign up here.

    Reporting by Michael Martina; Editing by Don Durfee and Cynthia Osterman

    Our Standards: The Thomson Reuters Trust Principles., opens new tab

    Purchase Licensing Rights



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Hedge Funds Are Losing Their Edge in a World of ETFs

    May 26, 2026

    Find GuideStone Funds funds and ETFs

    May 25, 2026

    Peter Murrell admits to embezzling SNP party funds

    May 25, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Best SBI mutual fund with up to 32% CAGR: Scheme doubled money in 3 years, tripled it in 5 – Mutual Funds News

    May 27, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Best SBI mutual fund with up to 32% CAGR: Scheme doubled money in 3 years, tripled it in 5 – Mutual Funds News

    May 27, 2026

    Public sector undertaking (PSU) stocks have been among the biggest market performers in recent years,…

    Top 5 Flexi Cap Mutual Funds Based on Risk-Adjusted Returns – Money Insights News

    May 27, 2026

    The next era of sustainable investing in public markets

    May 27, 2026

    Beginner’s guide to SIP investing in passive mutual funds

    May 27, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    NCDEX gets board nod for mutual fund distribution platform; SEBI approval awaited

    November 12, 2025

    What are those, smart ways to invest

    December 8, 2025

    L’intégrale de BFM Bourse du mercredi 9 avril

    April 9, 2025
    Our Picks

    Best SBI mutual fund with up to 32% CAGR: Scheme doubled money in 3 years, tripled it in 5 – Mutual Funds News

    May 27, 2026

    Top 5 Flexi Cap Mutual Funds Based on Risk-Adjusted Returns – Money Insights News

    May 27, 2026

    The next era of sustainable investing in public markets

    May 27, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.