InterDigital explained

InterDigital, Inc.
Type:Public
Traded As:NASDAQ:
S&P SmallCap 600 index
Foundation:, in Philadelphia, Pennsylvania, U.S.
Location:Wilmington, Delaware United States
Key People:Doug Hutcheson (chairman of the board)
Liren Chen (president & CEO
Richard Brezski (CFO)
Industry:Wireless, Video, Patent monetization
Products:Research and development
Revenue: US$549.6 million (2023)[1]
Net Income: US$214.1 million (2023)[2]
Num Employees: 510 (2021)[3]

InterDigital, Inc. is a technology research and development company that provides wireless and video technologies for mobile devices, networks, and services worldwide. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P SmallCap 600.

InterDigital had 2020 revenue of $359 million and a portfolio of about 32,000 U.S. and foreign issued patents and patent applications.

Corporate history

Key Dates:[4]

Research areas

The company is primarily focused on advanced wireless (5G), video, and Internet of Things (IoT) research:

Patent holdings

According to the company, since 2012 it has been listed by third-party analysts within the top 3 patent holders for cellular wireless more often than any other company, with percentages ranging from 8–10% of patents deemed likely to be standards-essential.[18] According to research by Wiseharbor Research, a technology IP research firm, InterDigital Technology Corp. and InterDigital Patent Holdings held 282 declared essential LTE patents and 155 declared essential LTE patents respectively. The report also shows other mobile SEP owner-licensors such as Ericsson (146 declared essential LTE patents), Qualcomm (350 declared essential LTE patents), Nokia (142 declared essential LTE patents) and Huawei (182 declared essential LTE patents).[19]

Major licensees

In June 2014 Samsung and InterDigital entered into a patent license agreement that "resolves all pending litigation between the two companies".[20] The agreement is cited at being worth just under $500million.[21]

William J. Merritt, president and CEO of InterDigital said in a statement: "We are very happy to have resolved the licensing dispute with Samsung on mutually agreeable terms. This agreement with Samsung shows how our longstanding patent licensing framework and process can lead to effective, productive discussions and eventual resolution on fair and reasonable terms".[22]

In September 2016, InterDigital signed a license agreement with Huawei, and the companies agreed to "a framework for discussions regarding joint research and development efforts."[23]

In December 2016, Apple and InterDigital entered into a multi-year license agreement.[24]

Chief executive officer

Lawrence (Liren) Chen was appointed president and chief executive officer on April 5, 2021.

Locations

InterDigital is headquartered in Wilmington, Delaware, and has 13 offices (including 9 R&D facilities) in 8 countries around the world.

External links

Notes and References

  1. Web site: Q4 2023 Financial Metrics.
  2. Web site: Q4 2023 Financial Metrics.
  3. Web site: Finance - Google Search.
  4. Web site: International Directory of Company Histories, Vol.61. St. James Press, 2004. .
  5. Web site: Press Release InterDigital.com. ir.interdigital.com. 2019-01-08.
  6. Web site: Samsung Inks $500M Wireless Patent Deal with InterDigital. 3 June 2014.
  7. Web site: InterDigital announces patent license agreement with Apple (NASDAQ:IDCC) Seeking Alpha. 15 December 2016.
  8. Web site: Sensor Fusion CEVA.
  9. Web site: InterDigital and LG Electronics, Inc. Sign Multi-Year Patent License Agreement. InterDigital.
  10. Web site: InterDigital Completes Acquisition of Technicolor Patent Licensing Business. InterDigital Website.
  11. Web site: Technicolor Has Received a Binding Offer for its Research & Innovation Activity From InterDigital. 11 February 2019. www.technicolor.com. 2 April 2019.
  12. Web site: 2021-08-06. InterDigital signs licensing agreement with Xiaomi. 2021-10-22. JUVE Patent.
  13. Web site: 5G-XHaul ‹ 5G-PPP.
  14. Web site: The H2020 POINT Project . 2016-06-22 . https://web.archive.org/web/20191213121205/https://www.point-h2020.eu/ . 2019-12-13 . dead .
  15. Web site: Homepage.
  16. Web site: Identification and quantification of key socio-economic data for the Strategic Planning of 5G introduction in Europe Digital Single Market. dead. https://web.archive.org/web/20160809152340/https://ec.europa.eu/digital-single-market/news/identification-and-quantification-key-socio-economic-data-strategic-planning-5g-introduction. 2016-08-09.
  17. Web site: InterDigital to Demonstrate M2M Developments at First ETSI and TTA Sponsored oneM2M Interop Event (NASDAQ:IDCC) . 2016-06-22 . https://web.archive.org/web/20151028154821/http://ir.interdigital.com/releasedetail.cfm?ReleaseID=931424 . 2015-10-28 . dead .
  18. http://ir.interdigital.com/Cache/1001245936.PDF?O=PDF&T=&Y=&D=&FID=1001245936&iid=4103938
  19. http://www.wiseharbor.com/pdfs/Mallinson%20on%20cumulative%20mobile%20SEP%20royalties%20for%20IP%20Finance%202015Aug19.pdf
  20. News: InterDigital Enters Patent License Agreement With Samsung - WSJ. Wall Street Journal. 3 June 2014. McCarthy. Erin.
  21. Web site: Samsung Inks $500M Wireless Patent Deal with InterDigital. 3 June 2014.
  22. Web site: Computing - The UK's leading source for the analysis of business technology.
  23. InterDigital and Huawei Sign Multi-Year Patent License. 6 September 2016.
  24. Web site: InterDigital (IDCC) Enters Patent License Agreement With Apple (AAPL).

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