InterDigital, Inc. - IDCC STOCK NEWS

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.

InterDigital (Nasdaq: IDCC) engineers received the SMPTE 2024 Journal Certificate of Merit for their research on energy-aware pixel value reduction (PVR). The awarded paper, authored by Erik Reinhard, Claire-Hélène Demarty, and Laurent Blondé, introduces a technique to optimize pixel brightness on device displays, reducing energy consumption while maintaining visual quality. The research explores methods to decrease television display energy usage during live video streaming, preserving creative intent while achieving energy savings. InterDigital is also developing Deep-PVR solutions using machine learning to optimize image quality and energy efficiency balance.

InterDigital and The University of Texas at Austin will showcase Over-the-Air Federated Learning (OTA-FL) for AI model training at the 2024 Brooklyn 6G Summit. The demo addresses challenges in applying AI/ML to wireless networks by managing model training overhead and ensuring user data privacy. OTA-FL allows simultaneous transmission of model updates, reducing overhead and improving energy efficiency compared to traditional federated learning.

The live demo will use software defined radios (SDRs) to display real-time OTA-FL training for image classification. InterDigital's Senior Principal Engineer Phil Pietraski will also participate in a panel discussion on 'Energy Efficiency in AI/ML Networks' during the summit, which focuses on the theme '6G – From vision to action'.

InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, has announced the release date for its third quarter 2024 financial results. The results will be made public before the market opens on Thursday, October 31, 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 on 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 under the Events section in Investors, and will remain available for one year.

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.