BEIJING -- Huawei took out 2,770 US patents last year, ranking fifth on the list of companies getting the most US patents, Bloomberg reported Tuesday.

Citing a new study by Fairview Research's IFI Claims Patent Services, the report said, "that shows Chinese firms are increasingly responsible for a greater share of the world's innovation."

The analytics firm said when it comes to global patent ownership, Chinese companies also dominate.

Although Huawei's networking equipment is excluded from the US market, and the Biden administration has banned it from obtaining some components for its phones, the Shenzhen-based company has succeeded in obtaining more patents, said the report.

"Everywhere you turn, they (Chinese companies) seem to be establishing themselves, or seeking to establish themselves, as major players," IFI Claims Chief Executive Officer Mike Baycroft was quoted as saying.