Welcome to our dedicated page for Interdigital news (Ticker: IDCC), a resource for investors and traders seeking the latest updates and insights on Interdigital stock.
InterDigital, Inc. develops wireless, video and AI technologies and licenses its patent portfolio to companies that make communications and entertainment products. News about IDCC commonly covers patent license agreements for cellular, Wi-Fi and HEVC technologies, financial results tied to fixed-fee and royalty-based licensing, and updates to smartphone, digital television and network-device licensing programs.
Company updates also cover research demonstrations in HDR streaming, AI-enabled display efficiency, edge intelligence, teleoperation and 6G-related standards work. InterDigital’s announcements often connect its R&D pipeline with standards bodies, video workflows, mobile networks, connected devices, automobiles and cloud-based video services.
InterDigital (Nasdaq: IDCC) has announced a new license agreement with Panasonic. The agreement covers InterDigital's 4G and 5G cellular, HEVC video, and WiFi patents. This deal extends the existing relationship between the two companies, highlighting the long-standing trust and respect between them. Eeva Hakoranta, Chief Licensing Officer at InterDigital, emphasized the value licensees continue to see in InterDigital's 5G portfolio, WiFi assets, and HEVC patents. This agreement demonstrates InterDigital's ongoing success in monetizing its intellectual property across various technology domains.
InterDigital (Nasdaq: IDCC), a mobile, video and AI technology R&D company, has announced the release date for its second quarter 2024 financial results. The results will be disclosed before the market opens on Thursday, August 1, 2024. Following the release, InterDigital executives will host a conference call at 10:00 a.m. Eastern Time to discuss the company's performance.
Investors and interested parties can access a live webcast of the conference call via InterDigital's website. For those preferring telephone access, a dial-in registration link is available on the company's Investors page. A replay of the conference call will be accessible on InterDigital's website for one year following the event.
The UK Court of Appeal ruled in favor of InterDigital in its FRAND licensing dispute with Lenovo, raising the licensing fees Lenovo must pay for InterDigital’s cellular SEP patents.
The court ordered Lenovo to pay an additional $55 million, bringing the total to approximately $240 million for past sales up to December 31, 2023. Lenovo's appeal was entirely rejected.
InterDigital’s Chief Legal Officer, Josh Schmidt, emphasized that this ruling enhances the recognition of InterDigital's wireless innovation and aims to balance the interests of innovators and implementers, making it harder for companies like Lenovo to delay licensing agreements.
InterDigital remains committed to securing a fair compensation agreement with Lenovo, which has been unlicensed to their cellular portfolio since early 2024.
InterDigital (Nasdaq: IDCC) announced that its 3.50% Senior Convertible Notes due 2027 are now convertible for the calendar quarter ending September 30, 2024. The current conversion rate is 12.9041 shares of common stock per $1,000 of the note's principal. Upon conversion, InterDigital will pay cash up to the principal amount and may use cash, stock, or a mix for any excess. Call spread transactions were entered to economically increase the conversion price from $77.49 to $106.35 per share, reducing the net shares issued on conversion. More information can be found in Footnote 5 of InterDigital's Form 10-Q for Q1 2024.
InterDigital (IDCC) has signed a license agreement with Google to license its cellular wireless, Wi-Fi, and HEVC video patented technologies. This agreement covers Google’s Pixel smartphones, Fitbit wearables, and other consumer electronics. Eeva Hakoranta, Chief Licensing Officer, highlighted the deal as a testament to the importance of InterDigital's technologies across various connected devices.
InterDigital and Philips will showcase their volumetric streaming technologies at AWE USA 2024, scheduled from June 18 – 20 in Long Beach, California. InterDigital, a leader in mobile, video, and AI technology, collaborates with Philips to present innovations in volumetric video codecs and streaming, enhancing immersivity in live and eSports content. These technologies allow the capture and streaming of 3D representations of real-world scenes, requiring advanced compression standards like MPEG V3C. Their showcase will highlight contributions to video standards and the delivery of volumetric content, utilizing InterDigital’s and Philips’ expertise in immersive video solutions. Their implementation will soon be available in the 5G-MAG Reference Tools repositories. InterDigital’s and Philips’ executives will also present a talk on immersive sports experiences on June 19.
InterDigital (Nasdaq: IDCC) has announced a regular quarterly cash dividend of $0.40 per share. This dividend will be payable on July 24, 2024, to shareholders who are on record by the close of business on July 10, 2024.
The announcement was made by the company's Board of Directors and highlights InterDigital's commitment to returning value to its shareholders.
InterDigital (Nasdaq: IDCC) announced its participation in two upcoming investor events. The company will present at the William Blair 44th Annual Growth Stock Conference on June 4, 2024, at 4:20 PM ET, and at the 14th Annual East Coast IDEAS Investor Conference on June 12, 2024, at 4:10 PM ET. Both events will be webcast live with archived replays available afterward. For more details, visit the Investors section of the company's website.
InterDigital, a technology research company, was awarded an injunction against Lenovo by a court in Germany for patent infringement related to 4G and 5G devices. The court found InterDigital's actions FRAND compliant, while labeling Lenovo as an unwilling licensee not adhering to FRAND principles. This decision is subject to appeal.
InterDigital, Inc. (Nasdaq: IDCC) announced its first quarter 2024 financial results, showing a 30% increase in revenue year-over-year, reaching $264 million. The company reported record revenue from Consumer Electronics and IoT licensing, with a landmark agreement with Samsung totaling nearly $2.7 billion over three years. The company reaffirmed its full-year 2024 revenue guidance of $620-$670 million. Despite revenue growth, net income and EPS declined compared to Q1 2023.