InterDigital signs license agreement with OPPO Group

Rhea-AI Summary

InterDigital (IDCC) has signed a new license agreement with OPPO Group, covering OPPO, realme and OnePlus branded mobile devices worldwide. The agreement resolves all pending litigations between the parties. With this addition to existing agreements with Apple, Samsung, and Xiaomi, InterDigital now has the four largest smartphone vendors under license, representing approximately 70% of the global market. The company views this as validation of their innovation in wireless, video, and AI technologies, strengthening their ability to reinvest in R&D for next-generation technology.

Positive

• Secured licensing agreement with OPPO Group, expanding market coverage
• Resolution of all pending litigation with OPPO Group
• Now has agreements with top 4 smartphone vendors globally
• Controls approximately 70% of global smartphone market through licensing

Negative

• None.

Insights

Licensing & IP Strategy Expert

This licensing agreement marks a significant milestone for InterDigital, securing a major revenue stream from OPPO Group's global mobile device portfolio. The deal is particularly impactful as it:

• Resolves pending litigation, reducing legal costs and uncertainty
• Brings InterDigital's coverage to approximately 70% of the global smartphone market
• Includes all three major brands under OPPO Group (OPPO, realme and OnePlus)

With the four largest smartphone vendors now licensed (Apple, Samsung, Xiaomi and OPPO), InterDigital has significantly strengthened its market position and recurring revenue base. This comprehensive coverage enhances the company's negotiating leverage with remaining unlicensed manufacturers and validates their IP portfolio's essential nature in wireless, video and AI technologies.

WILMINGTON, Del., Oct. 29, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that it has signed a new license agreement with OPPO Group. The agreement covers OPPO, realme and OnePlus branded mobile devices worldwide.

As part of the agreement, both parties have agreed to dismiss all pending litigations between them.

“In an increasingly connected world, this agreement serves as another validation of the strength of our foundational innovation in wireless, video, and AI, and of the quality of our patent portfolio,” said Liren Chen, CEO and President, InterDigital. “Our licensing success further strengthens our ability to reinvest in cutting-edge R&D and foster innovation for next generation technology that benefits the whole industry and billions of consumers in the future.”

Along with our agreements with Apple, Samsung and Xiaomi, InterDigital now has the four largest smartphone vendors under license and has licensed approximately 70% of the entire global market.

“OPPO Group adds a significant customer to our smartphone program, and I am pleased with our progress and execution against our goals,” commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. “This agreement reflects our increasing momentum across the business and, along with other licenses that we have signed recently, puts us in an excellent position to license the rest of the smartphone market.”

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 is the new licensing agreement between InterDigital (IDCC) and OPPO Group in October 2024?

InterDigital signed a licensing agreement with OPPO Group covering OPPO, realme, and OnePlus branded mobile devices worldwide, while resolving all pending litigation between the companies.

What percentage of the global smartphone market does InterDigital (IDCC) now license?

InterDigital now licenses approximately 70% of the global smartphone market, having agreements with the four largest smartphone vendors including Apple, Samsung, Xiaomi, and OPPO Group.

Which major smartphone manufacturers are now licensed by InterDigital (IDCC)?

InterDigital has licensing agreements with the four largest smartphone vendors: Apple, Samsung, Xiaomi, and OPPO Group.