InterDigital renews license agreement with Sharp and signs new IoT license

Rhea-AI Summary

InterDigital (Nasdaq: IDCC) on Oct. 21, 2025 renewed a patent license agreement with Sharp covering wireless and video standard technologies including 4G, 5G, Wi‑Fi, and HEVC, and signed a new license agreement with an EV charger manufacturer covering home and commercial EV chargers.

The company says roughly 85% of the smartphone market is under license and reaffirmed its target of $500 million in annualized recurring revenue from its smartphone program by 2027. Management framed the deals as evidence of continued momentum across smartphone and IoT/CE/Auto licensing programs.

Positive

• Sharp renewal preserves coverage of 4G, 5G, Wi‑Fi and HEVC standards
• ~85% of the smartphone market currently under license
• $500M annualized recurring revenue target for smartphone program by 2027
• First signed EV charging manufacturer agreement expands IoT/CE/Auto footprint

Negative

• None.

WILMINGTON, Del., Oct. 21, 2025 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that it has renewed its patent license agreement with Sharp and signed a new agreement with an EV charger manufacturer.

The Sharp agreement covers InterDigital’s wireless and video standard technologies, including 4G, 5G, Wi-Fi, and HEVC. The EV charging manufacturer agreement covers home and commercial EV chargers.

“This renewal, as well as our first agreement with an EV charging manufacturer, demonstrates the value of our innovation in both the smartphone and IoT markets,” commented Julia Mattis, Chief Licensing Officer, InterDigital. “With around 85% of the smartphone market under license, we remain on course to hit our goal of $500 million in annualized recurring revenue in our smartphone program by 2027, and with our first agreement in the EV charging space, we are continuing our momentum in the CE, IoT/Auto licensing program.”

About InterDigital^®

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:
Richard Lloyd
Email: richard.lloyd@interdigital.com
+1 (202) 349-1716

FAQ

What did InterDigital (IDCC) announce on October 21, 2025?

InterDigital renewed a patent license with Sharp covering 4G/5G/Wi‑Fi/HEVC and signed a new license with an EV charger manufacturer for home and commercial chargers.

How much of the smartphone market does InterDigital (IDCC) say is under license?

InterDigital reports about 85% of the smartphone market is under license.

What is InterDigital's (IDCC) revenue goal for its smartphone program and by when?

The company is targeting $500 million in annualized recurring revenue from its smartphone program by 2027.

Does the new InterDigital (IDCC) EV charger agreement cover residential or commercial products?

The agreement covers both home and commercial EV chargers.

Which standards are included in InterDigital's renewed Sharp license?

The Sharp license explicitly covers 4G, 5G, Wi‑Fi and HEVC technologies.