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 research and development company renowned for creating fundamental wireless technologies integral to mobile devices, networks, and services worldwide. Established in 1972, the company focuses on the development of wireless, video, and Artificial Intelligence (AI) technologies.
InterDigital’s advanced solutions play a crucial role in supporting the creation of more efficient wireless networks, enhancing multimedia experiences, and bringing new mobile broadband capabilities to billions of consumers globally. Their core business revolves around addressing the wireless bandwidth crunch and optimizing network performance through three key areas of innovation: spectrum optimization, cross-network connectivity and mobility, and intelligent data delivery techniques.
The company's technology portfolio includes substantial contributions to 5G networks and beyond, ensuring high-efficiency broadband and high-quality video delivery. In addition, InterDigital is at the forefront of AI advancements, integrating these technologies into wireless networks and multimedia delivery to create connected and immersive user experiences.
InterDigital generates the majority of its revenue from fixed-fee patent license agreements, complemented by variable royalty agreements. Geographically, their operations span the United States, China, South Korea, Japan, Taiwan, and Europe, with China being the largest market.
Recent achievements include the release of their Q4 2023 preliminary results and insightful forecasts for Q1 2024. The company's strategic licensing agreement with Samsung for video IP is expected to drive significant financial growth, with anticipated FY24 revenue ranging between $620 million and $670 million.
InterDigital actively collaborates with market participants in the wireless ecosystem to integrate its advanced technologies for field testing and commercial deployment. Their recent partnership with Broadpeak to advance volumetric content distribution exemplifies their commitment to innovation and industry collaboration.
For continuous updates and more information, visit their official website at www.interdigital.com.
InterDigital has donated over 70 laptops to Zip Code Wilmington, a nonprofit coding school in Delaware. This initiative aims to support training for the next generation of software engineers through the B1ue N0te program, which provides programming skills to underrepresented and disadvantaged youth. The laptops will also assist in teaching coding to low- to middle-income families, promoting awareness of software development careers. InterDigital’s support underscores its commitment to education and workforce development in the tech sector.
InterDigital, Inc. has awarded its 2022 Inventor of the Year title to Moon-Il Lee and Franck Galpin for their substantial contributions in 5G technology and VVC video codecs. Lee has made over 100 inventions enhancing 5G features like low latency for autonomous vehicles, while Galpin has contributed over 150 inventions focused on advanced video compression methods. This recognition underscores the company’s commitment to innovation in wireless and video technologies, crucial for future tech advancements.
InterDigital (NASDAQ:IDCC) reported strong financial results for Q4 and the full year 2021, driven by a record number of new patent license agreements. Total Q4 revenue reached $111.8 million, up 23% from $90.8 million in Q4 2020. Recurring revenue increased to $101.6 million. Net income for Q4 was $21.9 million, or $0.70 per diluted share, a significant improvement from a net loss in the prior year. The company expects Q1 2022 revenue between $95 million and $100 million, primarily from recurring sources.
InterDigital, Inc. (NASDAQ:IDCC) has released a report in collaboration with ABI Research and 6GWorld, titled “6G: The Network of Technology Convergence.” This report outlines the transformative potential of 6G technology, emphasizing its role as an enabling platform for advancements in AI, connectivity, and more. Key features include enhanced global coverage, lower carbon footprint, and greater spectral efficiency. The vision involves merging communications and computing, creating a network of networks, and fostering 6G-enabled ecosystems like the metaverse.
InterDigital (NASDAQ:IDCC) will release its fourth quarter and full year 2021 financial results on February 17, 2022, before market open. A conference call for investors will be held that day at 10:00 a.m. ET to discuss the company's performance and developments. Interested parties can access the live stream via InterDigital's website or via phone. Replays of the conference call will be available online and by telephone from February 17 through February 22, 2022.
InterDigital (NASDAQ: IDCC) announced an extension of its partnership and patent license renewal with Sony Corporation of America on January 10, 2022. This renewal underscores their collaboration, which has been active for eight years, particularly in advancing research in 5G and the Internet of Things (IoT) through their joint venture, Convida Wireless. The partnership aims to enhance wireless technology and connectivity, providing significant value to consumers and businesses globally.
InterDigital, a developer of mobile and video technologies, will present at the 24th Annual Needham Virtual Growth Conference on January 13, 2022, at 5:00 PM ET. The presentation will be accessible via live webcast, with an archived replay available afterwards. InterDigital focuses on addressing key technical challenges in broadband networks and video delivery, collaborating with leading tech companies globally. Founded in 1972 and listed on NASDAQ under the symbol IDCC, the company continues to innovate in the tech sector.
InterDigital, Inc. (IDCC), along with Interhaptics and the Technical University of Munich (TUM), has been selected to contribute critical technologies for a new haptics industry standard by the MPEG group. This standard focuses on haptic data representation and coding, vital for emerging applications in multimedia. Key technologies include Interhaptics' encoding architecture, TUM's wavelet coding, and InterDigital's integration layer, ensuring compatibility with existing standards. The collaboration aims to finalize specifications and enhance haptic experiences across platforms throughout 2022.
InterDigital (NASDAQ: IDCC) announced the appointment of Alain Mourad to the Wireless World Research Forum (WWRF) 2022 Steering Board. This prestigious board consists of over 50 global industry and academic members focused on shaping the future of wireless technologies, particularly 6G. Mourad's expertise will contribute significantly to guiding research trends and collaborative efforts within WWRF. InterDigital's involvement reinforces its commitment to innovation in mobile and video technologies, essential for advancing network capabilities and multimedia experiences.
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