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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.

News

InterDigital’s Atle Monrad Elected Chair of 3GPP’s SA6 Working Group

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InterDigital, Inc. (IDCC) appoints Atle Monrad as Chair of 3GPP's SA6 Working Group, responsible for communication standards and application frameworks. Atle's extensive industry experience and leadership roles bode well for shaping future mobile network capabilities.
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InterDigital Honors Wireless and Video Innovation Leaders Michael Starsinic and Fabrice Le Léannec as Inventors of the Year

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InterDigital, Inc. honors Michael Starsinic and Fabrice Le Léannec as the 2024 Inventor of the Year award winners for their innovative contributions in wireless communication and video delivery protocols. Michael's work focuses on IoT and 5G network capabilities, while Fabrice is dedicated to next-generation video codecs like HEVC and VVC.
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Keysight and InterDigital to Demonstrate AI in 6G Systems at Mobile World Congress 2024

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Keysight Technologies collaborates with InterDigital to demonstrate training and operation of AI signal processing models for 6G at MWC24. The AI channel estimators are trained with simulated and real-world data, integrated into a physical layer, and validated in an over-the-air system, showcasing the potential of AI in wireless communications systems.
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At MWC, InterDigital to Showcase Innovation Empowering Connected Experiences ‘At Work, At Rest, and At Play’

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InterDigital (IDCC) to showcase innovative technologies at Mobile World Congress 2024, emphasizing beyond 5G, immersive, and streaming solutions. The company aims to empower connected experiences for consumers and enterprises through cutting-edge research and industry collaborations.
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InterDigital Reports Fourth Quarter and Full Year 2023 Financial Results

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InterDigital, Inc. (Nasdaq: IDCC) reported a 20% revenue growth, significant margin expansion, and record return of capital in 2023. Full year 2024 revenue is expected to range from $620 million to $670 million. The company's CEO highlighted accelerating innovation and licensing momentum, with a landmark agreement licensing Samsung TVs to their video IP.
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InterDigital and Broadpeak Announce Collaboration on MPEG V3C Standardized Content Distribution At Scale

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InterDigital, Inc. (IDCC) and Broadpeak collaborate to develop content delivery networks for streaming MPEG Visual Volumetric Video-based Coding (V3C) immersive content at scale. The partnership aims to enhance the distribution of volumetric content to broad audiences by leveraging each other's research expertise. InterDigital provides the V3C implementation platform, while Broadpeak contributes to packaging and content delivery network technologies. The collaboration seeks to deliver immersive media efficiently, showcasing their results at the Mobile World Congress in Barcelona.
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InterDigital appoints Ken Kaskoun as Chief Growth Officer

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InterDigital, Inc. (IDCC) appoints Ken Kaskoun as Chief Growth Officer, bringing extensive experience in technology research and licensing. With a background in engineering and law, Ken's previous roles at SomaLogic and Qualcomm make him a valuable addition to InterDigital's leadership team. His appointment aligns with the company's focus on long-term growth strategies in video, AI, and cloud services, aiming to enhance shareholder value.
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InterDigital Announces Convertibility of 3.50% Senior Convertible Notes Due 2027

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InterDigital, Inc. (IDCC) announced the conversion of its 3.50% Senior Convertible Notes due 2027 during the quarter ending March 31, 2024. The current conversion rate is 12.9041 shares of InterDigital’s Common Stock per $1,000 principal amount of the Notes. The company also disclosed call spread transactions to reduce the net number of shares issued in the event of conversion, effectively increasing the conversion price of the Notes from $77.49 to $106.35.
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InterDigital Joins Princeton University’s NextG Corporate Program

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InterDigital, Inc. (IDCC) has joined Princeton University’s NextG Initiative, focusing on AI in wireless. The partnership aims to advance technology, policy, and industry-academia-government partnerships related to wireless, cloud, and networks of the future. InterDigital will contribute critical research on AI in wireless, including high-quality channel models, enhanced MIMO, integrated sensing and communications, and other future wireless applications.
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InterDigital Issues Preliminary Financial Results for Fourth Quarter 2023 and Outlook for First Quarter 2024

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InterDigital, Inc. (Nasdaq: IDCC) announced unaudited preliminary financial results for Q4 2023 and an outlook for Q1 2024. Q4 2023 saw total revenue of $105 million, operating expenses of $81 million, and net income of $34 million. Q1 2024 outlook includes revenue of $245-255 million and net income of $70-85 million.
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FAQ

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

The current stock price of InterDigital (IDCC) is $194.93 as of December 28, 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.

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InterDigital, Inc.

Nasdaq:IDCC

IDCC Rankings

#1304 Ranked by Market Cap
#1859 Ranked by Dividends

IDCC Stock Data

4.94B
25.01M
1.34%
109.23%
10.97%
Software - Application
Patent Owners & Lessors
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United States of America
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