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. (Nasdaq: IDCC) is a global research and development company focused on wireless, video, artificial intelligence (AI), and related technologies, and its news flow reflects this technology and licensing focus. As a mobile, video and AI technology research and development company, InterDigital regularly issues updates on financial results, licensing agreements, patent enforcement actions, and corporate developments.
On this page, readers can follow news about InterDigital’s quarterly and annual financial results, including revenue trends, recurring and catch‑up revenue from patent license agreements, and updates related to its convertible notes and capital return activities such as dividends and share repurchases. The company frequently announces the dates of upcoming earnings releases and conference calls, as well as presentations at investor conferences hosted by financial institutions and exchanges.
InterDigital’s news also covers its intellectual property and licensing activities. The company reports on new and renewed multi‑year, worldwide, non‑exclusive, royalty‑bearing license agreements for cellular products under its standard essential patents for 3G, 4G and 5G technologies. In addition, InterDigital issues press releases on litigation and injunctions related to alleged infringement of its patents, including cases involving video compression, HDR video, and methods for overlaying video streams used in streaming services and connected devices.
Corporate development news includes announcements such as the acquisition of Deep Render, an AI startup focused on AI‑based video coding, which InterDigital states strengthens its leadership in video compression and deepens its AI expertise. Investors and observers can use this news feed to monitor how InterDigital’s research, licensing, enforcement, and financial reporting activities evolve over time.
InterDigital, Inc. (NASDAQ:IDCC) reported strong second quarter results for 2020, with recurring revenue hitting $85.2 million, a 15% increase from $74.4 million in 2019. Total revenue rose to $104.5 million due to new patent agreements, notably with Huawei. Net income surged to $22.3 million ($0.72 per share), up from $7.7 million ($0.24 per share) the previous year. Operating expenses increased to $72.6 million, including $2.9 million in one-time charges. Cash provided by operating activities was $69.8 million, compared to cash used last year, marking a solid financial performance during the pandemic.
InterDigital (NASDAQ: IDCC) has filed two patent infringement lawsuits against Xiaomi in India's Delhi High Court. The first complaint asserts five patents related to 3G and 4G technologies, while the second involves three patents concerning H.265/HEVC video coding. InterDigital, with over 32,000 patents globally, has invested over 20 years in R&D for wireless technology. The company seeks compensatory and punitive damages, alongside injunctive relief to prevent further infringement unless Xiaomi agrees to a fair licensing agreement.
InterDigital (NASDAQ: IDCC) announced its involvement in the Horizon 2020 INVICTUS project, aimed at developing authoring tools for realistic digital avatars in gaming and virtual applications. The project, supported by a €1.9 million EU grant, includes partners like Ubisoft and Fraunhauffer HHI. It will create tools to capture high-resolution digital characters and enhance VR storytelling. The two-year project begins on October 1, 2020, potentially impacting the gaming and media sectors through improved avatar technology and interactive experiences.
The ABI Research report, commissioned by InterDigital, projects that nearly half the global population will be gamers by 2024, expanding from over 2.3 billion to 3.5 billion. The Asia-Pacific leads with 51% of gamers, while the Americas represent 20%. For cloud gaming operators to thrive, exploring diverse business models is essential, particularly subscription plans which users prefer. The report highlights emerging opportunities in integrating gaming into non-gaming activities, such as workplace tools and fitness apps, suggesting a significant growth potential for Gaming-as-a-Service (GaaS) as 5G and Wi-Fi technology advances.
InterDigital (NASDAQ: IDCC) has appointed Stephen J. Akerley as Vice President of Litigation, enhancing its expertise in intellectual property. Akerley brings 28 years of experience in IP litigation, specializing in standards-essential patents and FRAND issues, with a notable presence in top law firms like Dechert LLP and Mintz Levin. His expertise has been acknowledged in major publications and his recognition as a top IP litigator reinforces InterDigital’s commitment to fair licensing. This strategic addition aims to bolster discussions with potential customers and further the company's leadership in mobile and video technologies.
InterDigital, Inc. (NASDAQ: IDCC) announced a quarterly cash dividend of $0.35 per share, set to be paid on July 22, 2020, to shareholders of record as of July 8, 2020. The company specializes in mobile and video technology research and development, addressing critical technical challenges in broadband networks and multimedia. InterDigital, founded in 1972, is traded on NASDAQ and is included in the S&P MidCap 400 index, maintaining strategic relationships with top technology firms.
InterDigital, listed on NASDAQ under the symbol IDCC, held its annual shareholder meeting on June 3, 2020. Shareholders elected seven board members for a one-year term, including Joan H. Gillman and S. Douglas Hutcheson. An advisory resolution to approve executive compensation was passed, alongside the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2020. The company develops mobile and video technologies, addressing key industry challenges and holds licenses with leading tech firms. More details can be found on the company’s official website.
InterDigital (NASDAQ: IDCC) announced the appointment of Eeva K. Hakoranta as Chief Licensing Officer effective July 1. Hakoranta, formerly of Nokia, brings extensive experience in patent licensing, having led successful licensing agreements with major manufacturers like Apple and Samsung. CEO William J. Merritt highlighted the significance of her joining, indicating confidence in InterDigital's technology and licensing initiatives. Hakoranta succeeds Timothy J. Berghuis, who is retiring after serving since 2018. InterDigital continues to focus on developing advanced mobile and video technologies.
InterDigital (NASDAQ: IDCC) has unveiled the world’s first cloud gaming solution featuring an AI and machine learning-enabled user interface. This innovation, in collaboration with Blacknut and Nvidia, eliminates the need for joysticks or wearable controllers. Instead, it leverages real-time video analysis for an interactive gaming experience. The system utilizes localized far-Edge AI to ensure low latency and reduce bandwidth costs, opening new vertical applications beyond gaming, including smart home security and remote healthcare.
InterDigital, Inc. (NASDAQ: IDCC) announced the details for its 2020 Annual Meeting of Shareholders, scheduled for June 3, 2020, at 2:00 PM Eastern Time. Shareholders who held common stock as of April 1, 2020, can participate by using their control number from proxy materials. Others can join the live webcast by registering as guests. The online check-in starts at 1:30 PM ET, and the meeting will be archived for replay within 24 hours. InterDigital focuses on mobile and video technology solutions, licensed by leading technology firms worldwide.