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InterDigital, Inc. - IDCC STOCK NEWS

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.

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InterDigital, Inc. (Nasdaq: IDCC) announced its first quarter 2024 financial results, showing a 30% increase in revenue year-over-year, reaching $264 million. The company reported record revenue from Consumer Electronics and IoT licensing, with a landmark agreement with Samsung totaling nearly $2.7 billion over three years. The company reaffirmed its full-year 2024 revenue guidance of $620-$670 million. Despite revenue growth, net income and EPS declined compared to Q1 2023.

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InterDigital, Inc. (Nasdaq: IDCC) has announced the election of Doug Castor, InterDigital’s Head of Wireless Research, as co-chair of the ATIS Next G Alliance (NGA) Steering Group. The NGA is an industry group focused on North American wireless technology leadership in 6G and beyond. Doug Castor’s leadership reflects InterDigital’s commitment to innovation and industry guidance towards 6G technology.

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A new report commissioned by InterDigital, Inc. highlights the transition from 5G-Advanced to 6G, focusing on integrated sensing and communication, native AI, and ubiquitous connectivity as key features. The report emphasizes the need for alignment with ITU's IMT-2030 vision framework to realize the full potential of 6G, introducing innovative capabilities beyond speed and latency. Key milestones include the availability of 6G features by 2030, with early studies already underway in 3GPP releases.
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InterDigital, Inc. (IDCC) will release its first quarter 2024 financial results on May 2, 2024. Executives will host a conference call to discuss the company's performance. Participants can access a live webcast or dial-in for the call. A replay will be available on the company's website for one year.
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InterDigital and Concordia University collaborate on AI-enabled immersive media delivery over 5G networks, offering research opportunities for students. The partnership aims to develop systems supporting high-quality immersive content delivery for VR, AR, XR, and the metaverse.
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InterDigital, Inc. announces the convertible status of its 3.50% Senior Convertible Notes due 2027, with a conversion rate of 12.9041 shares per $1,000 principal amount. The company will pay cash or shares for any conversion obligation exceeding the principal amount. Call spread transactions aim to reduce the net number of shares issued upon conversion.
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InterDigital, Inc. (IDCC) to showcase sustainable video solutions at NAB 2024 alongside partners like Technicolor and Ultra HD Forum. They will highlight Advanced HDR by Technicolor solutions and AI-enhanced energy efficient streaming technologies. The company's contributions to Advanced HDR streaming solutions will be featured at various locations during the event.
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InterDigital, Inc. (IDCC) declares a regular quarterly cash dividend of $0.40 per share on its common stock, payable on April 24, 2024, to shareholders of record at the close of business on April 10, 2024.
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InterDigital, Inc. (IDCC) praises Xiaofei Wang's appointment as Chair of the IEEE 802.11 Standing Committee on Artificial Intelligence and Machine Learning (AIML). The committee will focus on integrating AIML with Wi-Fi technologies, exploring new features, and generating reports for IEEE 802.11 WLAN standards.
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InterDigital, Inc. (IDCC) will participate in a fireside chat at the 36th Annual Roth Conference on March 18, 2024. The event will be webcast live, offering investors valuable insights into the company's developments.
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FAQ

What is the current stock price of InterDigital (IDCC)?

The current stock price of InterDigital (IDCC) is $193.72 as of December 31, 2024.

What is the market cap of InterDigital (IDCC)?

The market cap of InterDigital (IDCC) is approximately 4.9B.

What is InterDigital, Inc. known for?

InterDigital, Inc. is known for developing core wireless technologies essential for mobile devices, networks, and services worldwide.

What are the main business areas of InterDigital?

InterDigital focuses on wireless, video, and Artificial Intelligence technologies, addressing spectrum optimization, cross-network connectivity and mobility, and intelligent data delivery.

Where does InterDigital generate most of its revenue?

The majority of InterDigital's revenue comes from fixed-fee patent license agreements, with a smaller portion from variable royalty agreements.

What recent partnerships has InterDigital announced?

InterDigital recently announced a collaboration with Broadpeak to advance volumetric content distribution and a strategic patent licensing agreement with Samsung for video IP.

In which regions does InterDigital operate?

InterDigital operates in the United States, China, South Korea, Japan, Taiwan, and Europe, with China being the largest market.

What is InterDigital's outlook for Q1 2024?

InterDigital's Q1 2024 outlook is based on existing licenses and does not include any new agreements that may be signed during the quarter.

What are the key areas of innovation for InterDigital?

InterDigital focuses on three key areas of innovation: spectrum optimization, cross-network connectivity and mobility, and intelligent data delivery techniques.

How does InterDigital contribute to the 5G technology advancement?

InterDigital's engineers have designed and developed innovations used in wireless products and networks, including significant contributions to 5G and advanced Wi-Fi technologies.

What type of collaborations does InterDigital engage in?

InterDigital collaborates with market participants in the wireless ecosystem to integrate its advanced technologies for field testing and commercial deployment.

Where can I find more information about InterDigital's technologies and projects?

For more information about InterDigital's technologies and projects, visit their official website at www.interdigital.com.
InterDigital, Inc.

Nasdaq:IDCC

IDCC Rankings

IDCC Stock Data

4.95B
25.02M
1.34%
109.23%
10.97%
Software - Application
Patent Owners & Lessors
Link
United States of America
WILMINGTON