Interdigital Inc Stock Price, News & Analysis

InterDigital (IDCC), a mobile, video and AI technology research and development company, has scheduled the release of its fourth quarter 2024 financial results for Thursday, February 6, 2025, before market open. The company will host a conference call at 10:00 a.m. ET on the same day to discuss performance.

Investors can access a live webcast through the company's website by clicking the 'Webcast' link on the Investors page. For those preferring telephone access, registration is required through the 'Dial-In Registration' link to obtain the necessary phone number and PIN. A replay of the conference call will be available on the company's website under Events in the Investors section for one year.

InterDigital (NASDAQ: IDCC) and Futuresource released a research paper highlighting the TV and video streaming industry's significant environmental impact, accounting for 4% of global emissions - double that of aviation. The study reveals that video entertainment devices' energy consumption has declined by 17% since 2020, with an additional 12% reduction expected by 2028.

The research emphasizes that video represents about 80% of total internet traffic, significantly impacting data centers' CO2 output. Notable findings include that each hour of film production generates 16.6 tCO2e of carbon, and in 2024, TVs generated an estimated 54 MtCO2e of emissions. The paper highlights solutions like Pixel Value Reduction (PVR) technology, which could have saved approximately 48 million kWh of energy if applied to the Paris Olympics broadcasts.

InterDigital (IDCC), a company focused on mobile, video and AI technology research and development, has announced its participation in the 27th Annual Needham Growth Conference. The presentation is scheduled for Tuesday, January 14th, 2025, at 4:30 PM ET.

The event will feature a live webcast, and an archived replay will be made available after the conference. Interested parties can find more information in the Investors section of InterDigital's website as the event date approaches.

InterDigital (IDCC) has been awarded a Fierce Network Innovation Award for its groundbreaking AI-empowered receiver design for 6G wireless communications. The innovation, announced on December 19, uses AI and machine learning to revolutionize wireless communications by combining three traditional signal processing functions into a single AI/ML model.

The technology, validated through testing with Keysight Technologies, performs channel estimation, equalization, and demodulation simultaneously, delivering improved throughput performance and reduced communication overhead compared to conventional designs. The solution demonstrates enhanced robustness to hardware and radio impairments while simplifying receiver design, making it particularly suitable for 6G applications.

InterDigital announced that Dong Tian, Senior Director for 3D Video Coding, has been named an IEEE Fellow, the highest grade of IEEE membership awarded to less than 0.1% of its voting members. Tian was recognized for his contributions to 3D video compression, processing, and analysis through the IEEE Signal Processing Society.

His selection was based on career achievements and contributions to video compression projects that have influenced video standards, particularly in 3D video compression coding and rendering frameworks. Tian's work includes research on 3D point cloud processing and analysis, focusing on efficient representations and scene analysis capabilities.

Tian currently serves as chair of the IEEE Multimedia Systems and Applications technical committee and holds leadership positions in MPEG-AI and MPEG-AI-PCC standard projects.

InterDigital (Nasdaq: IDCC), a mobile, video and AI technology research and development company, has announced that its Board of Directors declared a regular quarterly cash dividend of $0.45 per share on its common stock. The dividend will be paid on January 22, 2025, to shareholders of record at the close of business on January 8, 2025.

InterDigital (Nasdaq: IDCC), a mobile, video and AI technology research and development company, has announced its participation in the 2024 RBC Capital Markets Technology, Internet, Media & Telecommunications Conference. The presentation is scheduled for Tuesday, November 19th, 2024, at 2:40 PM ET. The event will feature a live webcast, and an archived replay will be made available afterward. Interested parties can find more details in the Investors section of InterDigital's website as the event date approaches.

InterDigital (IDCC) reported Q3 2024 revenues of $128.7 million, down 8% year-over-year but exceeding guidance, driven by strong consumer electronics and IoT licensing. The company raised its FY 2024 revenue guidance midpoint by $145 million to $860 million following a new license agreement with OPPO Group and a binding arbitration agreement with Lenovo. Q3 net income decreased 29% to $34.2 million, with diluted EPS of $1.14. Recurring revenues were $98.6 million, while catch-up revenues reached $30 million. The company's CE/IoT/Auto segment grew 15% to $40.6 million, offsetting a 16% decline in smartphone revenue to $87.4 million.

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.