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by raverbashing
4916 days ago
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I'm sure some engineers like patents. It makes them feel important, it's something to show to their bosses (and parents) and keep a score for promotion purposes. Managers also like patents to schmooze their bosses. "See, I did a patent, that's like, very important" Meanwhile the lawyers say "yeah, sure" while collecting heavy fees. And 90% of R&D is on the finished products (incl. code/blueprints) not on the "invention". |
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Patents provide a framework for companies to transact in technology while protecting their R&D investment. It enables companies like MIPS and ARM to specialize in producing designs without having to develop finished products, and it allows companies to invest in open standards like LTE or WiMAX without having some Chinese manufacturer just take the end result and produce cheap chips implementing the standard at low cost because they didn't have to undertake any R&D investment.