Interdigital Inc Stock Price, News & Analysis

InterDigital applauds the appointment of Xiaofei Wang as Chair of the AIML Topic Interest Group within the IEEE 802.11 working group. This group focuses on exploring artificial intelligence and machine learning applications for Wi-Fi technologies. His leadership will enhance InterDigital's contributions to WLAN standardization. The AIML TIG began its research in July 2022 and is set to conclude in March 2023. This recognition emphasizes Wang's significant research background in 802.11 standards development.

InterDigital, Inc. (NASDAQ:IDCC) will release its Q2 2022 financial results before market open on August 4, 2022. The company will host a conference call at 10:00 a.m. ET the same day to discuss its performance.

Participants can access the call via webcast or by telephone registration at InterDigital's website.

InterDigital, Inc. (NASDAQ:IDCC) has announced a multi-year, worldwide, non-exclusive, royalty-bearing licensing agreement with Zebra Technologies impacting its 4G, 5G, and WiFi technologies. This marks the 16th such agreement in the past 18 months, demonstrating InterDigital's strong licensing momentum. Over 80 companies, including major firms like Apple and Huawei, have licensed InterDigital’s patents, which have been integrated into approximately 800 million devices sold last year and over six billion devices over the past decade.

InterDigital, Inc. (NASDAQ:IDCC) announced that Ravikumar Pragada has received the IEEE Benjamin Franklin Key Award for his contributions to 5G technology. As a Senior Principal Engineer, Pragada's work in millimeter wave spectrum and cellular systems has been pivotal in advancing wireless connectivity. His leadership has driven innovations such as the EdgeHaul mmWave mesh-backhaul system, critical for achieving the high-speed requirements of 5G. This recognition emphasizes InterDigital's commitment to pioneering wireless technologies.

InterDigital, Inc. (NASDAQ: IDCC) has revised its second quarter 2022 revenue expectations to between $120 million and $124 million, an increase from the previous estimate of $114 million to $120 million. The updated guidance includes approximately $98 million to $100 million in recurring revenue, primarily from licensing agreements with major automakers like GM and Ford. Additionally, the company anticipates non-operating expenses of $18 million to $21 million, influenced by a one-time refinancing charge.

InterDigital, Inc. (NASDAQ: IDCC) announced the appointment of Dr. Rajesh Pankaj as the new Chief Technology Officer, effective July 5, 2022. Dr. Pankaj previously held a significant role at Qualcomm, overseeing research in various technologies, including 5G and AI. He holds extensive experience, having contributed to a large patent portfolio and led innovations such as software for Mars drone Ingenuity. Dr. Henry Tirri will transition to a Senior Advisor role, ensuring a smooth handover. This leadership change is expected to enhance InterDigital's capabilities in wireless and video technologies.

InterDigital and Inria have launched the Nemo.AI Common Lab in Brittany to research technologies for the metaverse. This public-private partnership aims to employ local scientists and engineers, fostering innovation and engagement in emerging digital trends.

The initiative is backed by funding from both organizations and the French government, promoting collaboration through seminars and public events. The first project, Ys.ai, will focus on user representation in the metaverse, exploring avatars and their interactions.

InterDigital, Inc. (NASDAQ:IDCC) has declared a quarterly cash dividend of $0.35 per share on its common stock. The dividend will be payable on July 27, 2022, to shareholders of record by the close of business on July 13, 2022. InterDigital specializes in developing innovative mobile and video technologies crucial for devices and networks globally, thereby addressing significant industry challenges and contributing to more efficient broadband networks and enhanced multimedia experiences.

InterDigital announced a private offering of $400 million in 3.50% Senior Convertible Notes maturing in 2027, up from a previous $350 million estimate. The offering, slated to close on May 27, 2022, includes a 13-day option for purchasers to acquire up to an additional $60 million. Concurrently, InterDigital will repurchase approximately $273.8 million of existing convertible notes and $75 million in common stock. The proceeds will fund these repurchases and related transactions, with net proceeds expected around $391 million.