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 pioneering force in wireless communications and AI-driven multimedia technologies, shaping global connectivity standards through strategic R&D and patent licensing. This news hub provides investors and technology professionals with essential updates on the company's innovations, partnerships, and market positioning.
Track InterDigital's progress through verified press releases covering patent licensing agreements, spectrum optimization breakthroughs, and video encoding advancements. Our curated collection includes financial disclosures, technology white papers, and analysis of strategic collaborations with leading consumer electronics manufacturers and telecom providers.
Key focus areas include developments in 5G/6G infrastructure support, AI-enhanced video compression techniques, and international patent portfolio expansions. Users will find updates on critical legal proceedings affecting intellectual property rights and detailed reports on quarterly earnings calls highlighting R&D investment trends.
Bookmark this page for real-time access to InterDigital's official communications regarding cross-industry standardization efforts, IoT connectivity solutions, and innovations in mobile broadband efficiency. Stay informed about the technologies powering next-generation devices and networks through comprehensive, chronological updates from trusted sources.
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.
InterDigital's new white paper, commissioned from Futuresource, highlights the growing importance of haptics in connected experiences. Key findings include:
- By 2028, 53% of consumer devices will be haptic-enabled
- 4.1 billion haptic-enabled consumer devices expected by end of 2024
- XR device shipments forecasted to triple by 2028, reaching 60 million units
- Gaming accounts for 75% of total XR unit shipments
- Standards organizations like MPEG, IEEE, and Khronos Group are working on haptic content coding
The report emphasizes haptics as a first-order media type alongside audio and video, potentially redefining immersive experiences across various devices and platforms.
InterDigital (Nasdaq: IDCC), a mobile, video and AI technology R&D company, has announced its 2024 Investor Day scheduled for September 10, 2024, at 9:00 a.m. ET in New York City. The event will feature presentations from key executives, including CEO Liren Chen and CFO Rich Brezski, covering topics such as company vision, growth strategy, innovation, licensing, and financial overview.
The Investor Day will be held at the Jay Conference Center Bryant Park and will also be accessible virtually. In-person attendance requires pre-registration through InterDigital's Investor Relations website. A Q&A session will follow the presentations, and a replay of the event along with presentation materials will be made available after the conclusion.
InterDigital (Nasdaq: IDCC) reported exceptional Q2 2024 results, surpassing expectations and achieving an all-time record first half. The company has raised its full-year 2024 revenue guidance by $70 million to between $690 million and $740 million. Key financial highlights for Q2 2024 include:
- Revenue: $223.5 million (120% increase year-over-year)
- Net income: $109.7 million (403% increase)
- Diluted EPS: $3.93 (397% increase)
- Adjusted EBITDA: $157.7 million (194% increase)
The company's performance was driven by significant growth in smartphone revenues (125% increase) and consumer electronics, IoT, and automotive revenues (91% increase). InterDigital also returned $45.2 million to shareholders through share repurchases and dividends in Q2 2024.
InterDigital (Nasdaq: IDCC) has announced a new license agreement with Panasonic. The agreement covers InterDigital's 4G and 5G cellular, HEVC video, and WiFi patents. This deal extends the existing relationship between the two companies, highlighting the long-standing trust and respect between them. Eeva Hakoranta, Chief Licensing Officer at InterDigital, emphasized the value licensees continue to see in InterDigital's 5G portfolio, WiFi assets, and HEVC patents. This agreement demonstrates InterDigital's ongoing success in monetizing its intellectual property across various technology domains.
InterDigital (Nasdaq: IDCC), a mobile, video and AI technology R&D company, has announced the release date for its second quarter 2024 financial results. The results will be disclosed before the market opens on Thursday, August 1, 2024. Following the release, InterDigital executives will host a conference call at 10:00 a.m. Eastern Time to discuss the company's performance.
Investors and interested parties can access a live webcast of the conference call via InterDigital's website. For those preferring telephone access, a dial-in registration link is available on the company's Investors page. A replay of the conference call will be accessible on InterDigital's website for one year following the event.
The UK Court of Appeal ruled in favor of InterDigital in its FRAND licensing dispute with Lenovo, raising the licensing fees Lenovo must pay for InterDigital’s cellular SEP patents.
The court ordered Lenovo to pay an additional $55 million, bringing the total to approximately $240 million for past sales up to December 31, 2023. Lenovo's appeal was entirely rejected.
InterDigital’s Chief Legal Officer, Josh Schmidt, emphasized that this ruling enhances the recognition of InterDigital's wireless innovation and aims to balance the interests of innovators and implementers, making it harder for companies like Lenovo to delay licensing agreements.
InterDigital remains committed to securing a fair compensation agreement with Lenovo, which has been unlicensed to their cellular portfolio since early 2024.
InterDigital (Nasdaq: IDCC) announced that its 3.50% Senior Convertible Notes due 2027 are now convertible for the calendar quarter ending September 30, 2024. The current conversion rate is 12.9041 shares of common stock per $1,000 of the note's principal. Upon conversion, InterDigital will pay cash up to the principal amount and may use cash, stock, or a mix for any excess. Call spread transactions were entered to economically increase the conversion price from $77.49 to $106.35 per share, reducing the net shares issued on conversion. More information can be found in Footnote 5 of InterDigital's Form 10-Q for Q1 2024.
InterDigital (IDCC) has signed a license agreement with Google to license its cellular wireless, Wi-Fi, and HEVC video patented technologies. This agreement covers Google’s Pixel smartphones, Fitbit wearables, and other consumer electronics. Eeva Hakoranta, Chief Licensing Officer, highlighted the deal as a testament to the importance of InterDigital's technologies across various connected devices.
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