Interdigital Inc Stock Price, News & Analysis

InterDigital (Nasdaq: IDCC), a mobile, video and AI technology R&D company, has announced an agreement to enter into a new patent license agreement with Lenovo. The final terms of this agreement will be determined through binding arbitration. As part of this process, both companies have agreed to settle all pending litigations between them.

Eeva Hakoranta, Chief Licensing Officer at InterDigital, commented on the development, stating that binding arbitration provides a sophisticated global dispute resolution mechanism when disagreements arise during licensing negotiations. She expressed anticipation for the conclusion of the arbitration process.

InterDigital (Nasdaq: IDCC) announced an agreement to enter into a new patent license agreement with Lenovo. The final terms of the agreement will be determined through binding arbitration. As part of this process, both companies have agreed to settle all pending litigations between them.

Eeva Hakoranta, Chief Licensing Officer at InterDigital, highlighted the importance of binding arbitration as a sophisticated global dispute resolution mechanism for licensing negotiations. The arbitration will determine the terms for Lenovo's use of InterDigital's foundational wireless, video, and AI innovation in products such as smartphones and PCs.

InterDigital (Nasdaq: IDCC), a mobile, video, and AI technology R&D company, announced that Bill Redmann, Director of Standards for Immersive Media Technologies, will speak at the Mobile World Congress Las Vegas from October 8-10, 2024. Redmann will be a featured speaker on the panel “The X Factor: Creating A World Class Fan Experience” at the MWC Las Vegas Sports and Entertainment Summit. The panel will discuss how technology enhances viewer experiences at home and in stadiums. Redmann will highlight InterDigital’s contributions to immersive video technologies and standards development. The panel, also featuring MeetKai and Protiviti, will take place on October 10 from 11:30 am to 12:30 pm PT on the Connected Industries Stage B.

InterDigital, Inc. (Nasdaq: IDCC), a technology research and development company, has announced new patent license agreements with TPV, a major manufacturer of digital TVs. The agreements cover InterDigital's HEVC patents and DTV patents licensed through a joint program with Sony. These licenses apply to TPV's range of digital TVs across various brands.

Eeva Hakoranta, Chief Licensing Officer at InterDigital, stated that these agreements demonstrate the value of their portfolio in consumer electronics. She emphasized InterDigital's leadership in video technologies, particularly HEVC, highlighting how their innovations support a wide array of video-based devices and services. Hakoranta expressed satisfaction in securing additional licenses with another major TV manufacturer.

InterDigital has won two CSI Awards for excellence in video processing and immersive video experiences. The awards, announced on September 13, 2024, at the International Broadcasting Convention (IBC), recognize InterDigital's contributions to:

1. MPEG immersive standards: InterDigital was awarded for Best Immersive Video, highlighting its work on Video-based Point Cloud Compression (V-PCC) and MPEG Immersive Video (MIV) codecs. These innovations support sustainable data rates and scalable delivery of immersive experiences across various devices and applications.

2. Advanced HDR solutions: InterDigital received the Best Video Processing Technology award for its contributions to Advanced HDR by Technicolor. This technology optimizes HDR for OTT streaming, enhancing viewing experiences without increasing processing and bandwidth requirements.

InterDigital (Nasdaq: IDCC), a mobile, video, and AI technology R&D company, has set ambitious targets for 2030, aiming to achieve $1 billion in annual recurring revenue and $600 million in adjusted EBITDA. CEO Liren Chen highlighted the company's significant progress over the past four years, including nearly doubling revenue and enhancing shareholder value. Chen emphasized InterDigital's strong position for future growth, citing their world-class innovation in wireless, video, and AI, accelerating business momentum, and large addressable markets. The company recently held an investor day to discuss these new targets and strategies, with presentation materials and a full replay available online.

InterDigital (Nasdaq: IDCC), a mobile, video and AI technology R&D company, has announced an increase in its quarterly cash dividend. The Board of Directors approved a rise from $0.40 to $0.45 per share, effective from Q4 2024. Additionally, they declared a regular quarterly cash dividend of $0.45 per share on common stock, payable on October 23, 2024, to shareholders of record at the close of business on October 9, 2024. This increase demonstrates InterDigital's commitment to delivering value to its shareholders and confidence in its financial position.

InterDigital (Nasdaq: IDCC) announced its return as a founding partner to the 6GSymposium in Washington, D.C. on September 23-24, 2024. The event, now in its fifth year, focuses on 'Crucial Conversations' about 6G development. InterDigital's executives, including CTO Rajesh Pankaj and Head of Wireless Labs Milind Kulkarni, will participate in key discussions. Topics include compelling use cases for the 'next G', making the 6G transformation profitable, new features enabling new markets, and global standards for 6G services. The symposium brings together leaders in technology, policy, and business to address fundamental issues in 6G development, its potential value, and optimal applications.

InterDigital (Nasdaq: IDCC) will showcase cutting-edge video innovation at the International Broadcasting Convention (IBC) in Amsterdam from September 13-16, 2024. The company will demonstrate Advanced HDR by Technicolor solutions, jointly developed with Philips, at the Ultra HD Forum and IABM lounge. These solutions offer HDR streaming without bitrate penalties or changes to SDR workflow.

InterDigital will also present its MPEG Visual Volumetric Video-based Coding (V3C) Immersive Platform at the 5G-MAG Insights conference. The company has been shortlisted for three CSI Awards, recognizing excellence in video processing, immersive video experiences, and energy-efficient solutions in the video value chain.