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The chipless chip company deals with IP, and leaves making semiconducters to others.

Photograph by Hans Neleman

Techno-utopians have long heralded a future industry that deals purely with intellectual property. We're now a little bit closer.

At ARM, a Leg Up for the Dream of a Company That’s All Brain

ARM marks the first big success for a "chipless chip company," built around licensing intellectual property. It's an idea beloved by techno-utopians that in real is difficult to execute.

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Jim Hedrick, an advanced organic materials scientist for IBM Research at Almaden, a major IBM research centers.

Photographer: David Paul Morris/Bloomberg

Jim Hedrick, an advanced organic materials scientist for IBM Research at Almaden, a major IBM research centers.

On Patent Charts, IBM’s No. 1 Again, Apple’s No. 22

IBM for the 20th straight year was granted more U.S. patents than any other company, with 6,478. What, though, do the patent rankings mean? One company you don't see on the top 10 patent list is Apple Inc.

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