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 (NASDAQ: IDCC) reported strong third quarter 2020 results, highlighting a 21% year-over-year increase in recurring revenue of $87.0 million, driven by eight new patent license agreements, including with Huawei and ZTE. Total revenue reached $87.5 million. Operating income surged to $15.4 million, a fourfold increase from $3.8 million in Q3 2019. Net income hit $23.8 million or $0.76 per diluted share. The company maintained solid cash flow with $101.3 million from operations and $919.4 million in cash and short-term investments, despite the ongoing pandemic.
InterDigital (NASDAQ: IDCC) announces its partnership with Plug and Play as an Anchor member for the Media & Advertising program. This collaboration aims to foster innovation and develop a new gaming vertical within a year. Recognized for its advancements in wireless and visual technologies, InterDigital will guide partnerships in gaming, leveraging its expertise in low latency networks and video production. Set to lead in cloud gaming technologies, InterDigital targets an industry expected to reach 3.5 billion gamers by 2024.
InterDigital (NASDAQ:IDCC) and Blacknut have initiated a collaboration focused on enhancing cloud gaming technologies. The partnership aims to tackle challenges in cloud gaming, particularly in media delivery, latency reduction, and interactive experiences. InterDigital boasts a strong background in video streaming and communications, while Blacknut offers expertise in cloud gaming services. This three-year commitment builds on their previous successful deployment of an AI-driven gaming interface, with the potential to shape the future of gaming technologies for over 3.5 billion gamers by 2024.
InterDigital (NASDAQ:IDCC) has announced its founding membership in the Next G Alliance, a new standards group formed to advance 6G and future wireless technologies. This initiative, led by ATIS, aims to prepare the U.S. for competition in critical wireless infrastructure. InterDigital joins major industry players like AT&T, Nokia, and Qualcomm. The company, known for its robust contribution to wireless standards, plans to host a 6G Symposium in collaboration with Northeastern University, highlighting its commitment to innovation.
InterDigital announces that Alan Carlton will present “Introduction to 6G” at the Broadcast Techfest on October 15, 2020. This event focuses on innovation in media production and connectivity technologies. Carlton's 25+ years in the wireless industry will guide his insights on the 6G technology roadmap, addressing the challenges posed by immersive experiences on current wireless networks. The presentation precedes InterDigital’s inaugural 6G Symposium, which aims to define the future of 6G through discussions with industry leaders.
InterDigital, a mobile and video technology company, and the Institute for the Wireless Internet of Things at Northeastern University will host the inaugural 6G Symposium on October 20-21, 2020. This virtual conference will feature FCC Chairman Ajit Pai and NIST Director Dr. Walter G. Copan as headline speakers. Discussions will focus on U.S. initiatives related to Beyond 5G and 6G technologies, highlighting spectrum policy and government research efforts. The event aims to unite industry leaders in shaping the future of wireless communication.
InterDigital (NASDAQ:IDCC) will release its Q3 2020 financial results on November 5, 2020, before market open. A conference call will follow at 10:00 a.m. ET to discuss the results. Investors can access a live webcast on the company’s website. For those preferring telephone access, calls can be made to +1 (800) 367-2403 (U.S. and Canada) or +1 (334) 777-6978 (international) by 9:50 a.m. ET on the same day. Replays of the conference call will be available online and via telephone after the call concludes.
InterDigital, listed on NASDAQ under IDCC, announced its participation in the Sidoti Virtual Investor Conference scheduled for September 24, 2020, at 10:45 AM ET. The event will be accessible via live webcast, with a replay available post-conference. Founded in 1972, InterDigital specializes in mobile and video technologies, addressing critical industry challenges and enhancing broadband networks and multimedia experiences. The company holds strategic partnerships with leading tech firms and is part of the S&P MidCap 400 index.
InterDigital, Inc. (NASDAQ: IDCC) has launched CompressAI, an open-source software platform designed to accelerate AI-driven video compression research. By automating complex processes, CompressAI enables researchers to quickly develop and evaluate AI-based codecs essential for next-generation video standards. Key features include data management, specialized neural network layers, pre-trained models, and benchmarking tools to assess codec performance. The platform is publicly accessible on GitHub, supporting global research efforts to enhance video compression capabilities amidst increasing demands for high-quality streaming.
InterDigital, Inc. (NASDAQ: IDCC) announced a quarterly cash dividend of $0.35 per share on September 10, 2020. This dividend will be payable on October 28, 2020 to shareholders recorded by the close of business on October 14, 2020. InterDigital is recognized for developing mobile and video technologies essential for devices and networks worldwide, being a key player in addressing complex technical challenges. The company is listed on NASDAQ and is part of the S&P MidCap 400 index.
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