The misappropriation of American intellectual property (IP) — patents, copyrights, trademarks, and trade secrets — costs American businesses hundreds of billions of dollars a year, and diminishes incentives to innovate that are key to American economic growth and prosperity.
While much attention has been paid to direct theft of IP, actions of foreign governments, particularly (but not exclusively) in Asia, to diminish the value of IP through the misapplication of antitrust law is far less reported — but it is a serious and growing threat to America's economic future. The Trump administration should act decisively to deter such harmful foreign government activity and thus promote American competitiveness.
The experiences of two great American innovative companies and major patent holders, Qualcomm and InterDigital, illustrate the seriousness of the problem.
Qualcomm introduced (among other innovations) CDMA technology to global mobile communications two decades ago, which made access to the internet and the flow of enormous amounts of data possible. Qualcomm is the leader in fourth generation mobile computing and is hard at work on developing fifth generation technological leadership. InterDigital designs and develops advanced technologies that enable and enhance mobile communications and capabilities.Read the rest of this IBD commentary HERE.
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