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Interdigital Inc - IDCC STOCK NEWS

Welcome to our dedicated news page for Interdigital (Ticker: IDCC), a resource for investors and traders seeking the latest updates and insights on Interdigital.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Interdigital's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Interdigital's position in the market.

News
Keysight and InterDigital to Demonstrate AI in 6G Systems at Mobile World Congress 2024
Rhea-AI Summary
Keysight Technologies collaborates with InterDigital to demonstrate training and operation of AI signal processing models for 6G at MWC24. The AI channel estimators are trained with simulated and real-world data, integrated into a physical layer, and validated in an over-the-air system, showcasing the potential of AI in wireless communications systems.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.73%
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AI
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News
At MWC, InterDigital to Showcase Innovation Empowering Connected Experiences ‘At Work, At Rest, and At Play’
Rhea-AI Summary
InterDigital (IDCC) to showcase innovative technologies at Mobile World Congress 2024, emphasizing beyond 5G, immersive, and streaming solutions. The company aims to empower connected experiences for consumers and enterprises through cutting-edge research and industry collaborations.
Rhea-AI Impact
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End-of-Day
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News
InterDigital Reports Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
InterDigital, Inc. (Nasdaq: IDCC) reported a 20% revenue growth, significant margin expansion, and record return of capital in 2023. Full year 2024 revenue is expected to range from $620 million to $670 million. The company's CEO highlighted accelerating innovation and licensing momentum, with a landmark agreement licensing Samsung TVs to their video IP.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.01%
Tags
earnings
News
InterDigital and Broadpeak Announce Collaboration on MPEG V3C Standardized Content Distribution At Scale
Rhea-AI Summary
InterDigital, Inc. (IDCC) and Broadpeak collaborate to develop content delivery networks for streaming MPEG Visual Volumetric Video-based Coding (V3C) immersive content at scale. The partnership aims to enhance the distribution of volumetric content to broad audiences by leveraging each other's research expertise. InterDigital provides the V3C implementation platform, while Broadpeak contributes to packaging and content delivery network technologies. The collaboration seeks to deliver immersive media efficiently, showcasing their results at the Mobile World Congress in Barcelona.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
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News
InterDigital appoints Ken Kaskoun as Chief Growth Officer
Rhea-AI Summary
InterDigital, Inc. (IDCC) appoints Ken Kaskoun as Chief Growth Officer, bringing extensive experience in technology research and licensing. With a background in engineering and law, Ken's previous roles at SomaLogic and Qualcomm make him a valuable addition to InterDigital's leadership team. His appointment aligns with the company's focus on long-term growth strategies in video, AI, and cloud services, aiming to enhance shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.16%
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management
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News
InterDigital Announces Convertibility of 3.50% Senior Convertible Notes Due 2027
Rhea-AI Summary
InterDigital, Inc. (IDCC) announced the conversion of its 3.50% Senior Convertible Notes due 2027 during the quarter ending March 31, 2024. The current conversion rate is 12.9041 shares of InterDigital’s Common Stock per $1,000 principal amount of the Notes. The company also disclosed call spread transactions to reduce the net number of shares issued in the event of conversion, effectively increasing the conversion price of the Notes from $77.49 to $106.35.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.7%
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News
InterDigital Joins Princeton University’s NextG Corporate Program
Rhea-AI Summary
InterDigital, Inc. (IDCC) has joined Princeton University’s NextG Initiative, focusing on AI in wireless. The partnership aims to advance technology, policy, and industry-academia-government partnerships related to wireless, cloud, and networks of the future. InterDigital will contribute critical research on AI in wireless, including high-quality channel models, enhanced MIMO, integrated sensing and communications, and other future wireless applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
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none
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News
InterDigital Issues Preliminary Financial Results for Fourth Quarter 2023 and Outlook for First Quarter 2024
Rhea-AI Summary
InterDigital, Inc. (Nasdaq: IDCC) announced unaudited preliminary financial results for Q4 2023 and an outlook for Q1 2024. Q4 2023 saw total revenue of $105 million, operating expenses of $81 million, and net income of $34 million. Q1 2024 outlook includes revenue of $245-255 million and net income of $70-85 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
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earnings
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InterDigital signs new license agreement with Samsung Electronics
Rhea-AI Summary
InterDigital, Inc. (Nasdaq: IDCC) has signed a new patent license agreement with Samsung Electronics, licensing Samsung’s digital TVs and computer display monitors under InterDigital's joint licensing program with Sony. The agreement includes licenses to key technologies including ATSC 3.0, HEVC, VVC, and Wi-Fi. Eeva Hakoranta, Chief Licensing Officer, InterDigital, highlighted the significance of this agreement, emphasizing the value of their technology for the consumer electronics market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
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none
News
InterDigital to Present at the 26th Annual Needham Growth Conference
Rhea-AI Summary
InterDigital, Inc. (Nasdaq: IDCC) to present at 26th Annual Needham Growth Conference on January 18th, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
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conferences
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Interdigital Inc

NYSE:IDCC

IDCC Rankings

#1693 Ranked by Market Cap
#379 Ranked by Stock Gains
#1569 Ranked by Dividends

IDCC Stock Data

2.46B
24.93M
1.42%
102.32%
17.02%
Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
Real Estate and Rental and Leasing
Link
US
Wilmington

About IDCC

interdigital develops fundamental wireless technologies that are at the core of mobile devices, networks, and services worldwide. advanced solutions from interdigital support the development of more efficient wireless networks, a richer multimedia experience, and new mobile broadband capabilities for billions of consumers globally. interdigital is addressing the wireless bandwidth crunch and network optimization by focusing on three comprehensive areas of bandwidth innovations: spectrum optimization, cross-network connectivity and mobility, and intelligent data delivery techniques. interdigital invites market participants in the wireless eco-system to collaborate on integrating its advanced enabling technologies into products and services for field testing and commercial deployment.