Interdigital Inc Stock Price, News & Analysis

InterDigital, Inc. (NASDAQ:IDCC) has renewed two patent licenses with Panasonic Entertainment & Communication Co., Ltd. These licenses cover DTV and HEVC patents under their established HEVC program. Eeva Hakoranta, the Chief Licensing Officer, expressed satisfaction with the renewal, emphasizing the ongoing value provided to InterDigital, Sony, and their licensees. InterDigital specializes in mobile and video technology, offering solutions for efficient broadband networks and enhanced video delivery.

InterDigital, Inc. (NASDAQ:IDCC) announced a new patent licensing agreement with LG Electronics, covering HEVC and VVC technology for various LG products, including TVs and PCs. Eeva Hakoranta, Chief Licensing Officer, expressed satisfaction with the partnership, highlighting its potential for mutual benefits. The agreement positions InterDigital as a key player in the mobile and video technology sectors, enabling enhanced multimedia experiences for consumers worldwide.

InterDigital, Inc. (NASDAQ:IDCC) announced the renewal of its patent license agreement with Samsung Electronics, transitioning to binding arbitration to finalize terms, including payment amounts. Samsung's previous license expired on December 31, 2022, with the new agreement taking effect from January 1, 2023. CEO Liren Chen emphasized the importance of amicable negotiations but acknowledged arbitration as a necessary measure for unresolved matters. InterDigital specializes in mobile and video technologies, collaborating with leading tech firms globally.

InterDigital, in collaboration with ABI Research, has released a whitepaper titled AI is the Key for 5G Success. This document highlights how AI and machine learning (ML) are crucial for optimizing and automating 5G wireless networks. The study outlines key applications of AI in network operations, emphasizing its role in network optimization, enhancing user experience, and promoting network sustainability. The integration of AI is seen as essential for managing the growing complexities of 5G and future technologies like 5G Advanced and 6G.

Universal Display Corporation (NASDAQ: OLED) announced the passing of its Founder, Sherwin I. Seligsohn, on December 3, 2022. His visionary leadership was pivotal in the creation of two influential companies in the OLED and wireless technology sectors. Seligsohn founded Universal Display in June 1994, following his groundbreaking observation of organic materials at Princeton University. Under his guidance, UDC evolved from a start-up to a global OLED leader, holding over 5,500 patents. His legacy will continue to inspire the company as it moves forward in its growth and innovation initiatives.

WILMINGTON, Del., Dec. 02, 2022 — InterDigital (NASDAQ:IDCC) has declared a quarterly cash dividend of $0.35 per share on its common stock. The dividend is set to be paid on January 25, 2023, to shareholders on record as of January 11, 2023. InterDigital specializes in mobile and video technology, addressing critical industry challenges and forming strategic relationships with top tech companies since its inception in 1972.

InterDigital and Futuresource Consulting's new whitepaper, Sustainability in Video Entertainment, addresses the pressing need for sustainability in the video entertainment industry, which surpasses the carbon footprint of airlines. The report outlines strategies such as remote production, cloud solutions, and energy-efficient data centers. Key findings indicate that medium-sized films generate 769 metric tons of CO2e, while streaming consumes over a billion hours daily, contributing significantly to carbon emissions. The paper emphasizes innovation in energy-saving protocols to mitigate potential increases in energy usage in coming years.

InterDigital has secured funding for five pioneering research projects under the EU’s Horizon Europe 6G program, part of a €250 million initiative to advance 6G technology. The five projects—6G-XR, CENTRIC, PREDICT-6G, 6G-BRICKS, and 6G-SHINE—aim to explore advanced technologies and develop experimental infrastructures critical for future networks. This initiative reinforces InterDigital's role in shaping 6G and enhancing Europe's technological leadership.

InterDigital reported its Q3 2022 results, highlighting a significant contract renewal with Apple through 2029, which enhances its contract value to $1.5 billion over 18 months. Total revenue decreased by 20% to $114.8 million, primarily due to last year's non-recurring revenues. Recurring revenue grew by 8% to $101.0 million, with a notable 60% increase in the CE, IoT, and automotive sectors. Operating expenses dropped to $82.9 million, boosting income from operations to $31.8 million. The near-term outlook anticipates Q4 recurring revenue between $98-$102 million.