InterDigital signs license agreement with Google

Rhea-AI Summary

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.

Positive

• InterDigital secures a new license agreement with Google, potentially boosting revenue streams.
• The deal emphasizes the importance of InterDigital's patented technologies in the consumer electronics market.

Negative

• None.

Insights

Market Research Analyst

The agreement between InterDigital and Google indicates that InterDigital’s patented technologies are valuable and in demand, particularly in the high-growth sectors of smartphones, wearables and consumer electronics. This not only validates InterDigital’s innovations but also suggests a strengthening revenue stream from licensing fees. For retail investors, this could signal stability and potential growth in InterDigital’s financials.

Given Google's extensive market reach, the agreement could lead to increased adoption of InterDigital’s technologies. From a strategic perspective, aligning with a tech giant like Google enhances InterDigital’s market positioning and credibility. For long-term investors, this could mean sustained or growing royalty revenues.

This kind of licensing deal is significant because it diversifies InterDigital’s income sources and reduces dependency on a single market or product line. It also means that InterDigital’s technologies are integral to the functionality of popular consumer devices, providing a stable and recurring revenue stream.

Technology Analyst

From a technology standpoint, this agreement highlights the importance of InterDigital's innovations in cellular wireless, Wi-Fi and HEVC video technologies. These are critical areas for modern consumer electronics and their integration into Google’s devices reflects their robustness and leading-edge nature.

For investors, it’s important to note that the demand for next-gen connectivity solutions is escalating, especially with the advent of 5G and the Internet of Things (IoT). InterDigital’s portfolio strategically positions the company to capitalize on these trends. The deal with Google can be seen as a strategic endorsement, implying that InterDigital’s technology meets high industry standards and is likely to be integral to future tech developments.

Moreover, this agreement might stimulate further R&D investments in these technologies, fostering innovation and potentially leading to new patents and products, thereby enhancing InterDigital's competitive edge.

WILMINGTON, Del., July 02, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced it has signed a new license agreement with Google.

The agreement licenses a range of devices including Pixel smartphones, Fitbit wearables and other consumer electronics devices to InterDigital’s cellular wireless, Wi-Fi, and HEVC video patented technologies.

“This agreement with Google is another sign of the importance of our technologies to a range of consumer devices,” commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. “It also strengthens our belief that, from smartphones, to wearables, and the Internet of Things, our innovation is only becoming more important in an increasingly connected world.”

About InterDigital^®

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:
Richard Lloyd
Email: richard.lloyd@interdigital.com
+1 (202) 349-1716

FAQ

What is the recent agreement between InterDigital and Google about?

InterDigital has signed a license agreement with Google to use its cellular wireless, Wi-Fi, and HEVC video patented technologies in Google's Pixel smartphones, Fitbit wearables, and other consumer electronics.

How will the InterDigital-Google deal impact InterDigital's business?

The deal is expected to enhance revenue for InterDigital by licensing its technologies to Google's extensive range of consumer electronics devices.

What technologies are included in the InterDigital license agreement with Google?

The agreement includes licensing InterDigital's cellular wireless, Wi-Fi, and HEVC video patented technologies.

Which Google products are covered under the new license agreement with InterDigital?

The agreement covers Google's Pixel smartphones, Fitbit wearables, and other consumer electronics devices.

When was the InterDigital-Google license agreement announced?

The license agreement was announced on July 02, 2024.