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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 signs new license agreement with Samsung Electronics

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InterDigital, Inc. (Nasdaq: IDCC) has signed a new patent license agreement with Samsung Electronics, licensing Samsung’s digital TVs and computer display monitors under InterDigital's joint licensing program with Sony. The agreement includes licenses to key technologies including ATSC 3.0, HEVC, VVC, and Wi-Fi. Eeva Hakoranta, Chief Licensing Officer, InterDigital, highlighted the significance of this agreement, emphasizing the value of their technology for the consumer electronics market.
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InterDigital to Present at the 26th Annual Needham Growth Conference

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InterDigital, Inc. (Nasdaq: IDCC) to present at 26th Annual Needham Growth Conference on January 18th, 2024
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InterDigital renews license agreements with Panasonic Entertainment & Communication Co., Ltd.

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InterDigital, Inc. (Nasdaq: IDCC) renews patent license agreements with Panasonic Entertainment & Communication Co., Ltd., extending Panasonic’s license under InterDigital’s HEVC patents and digital TV license under joint licensing program with Sony. Chief Licensing Officer, Eeva Hakoranta, expresses gratification and validates the quality of the video portfolio and innovation in today’s TV market.
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InterDigital awarded injunction against OPPO, Realme and OnePlus

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InterDigital, Inc. (Nasdaq: IDCC) has been awarded an injunction against OPPO, Realme, and OnePlus by a court in Germany for infringing on InterDigital's 5G patent. The court ruled in favor of InterDigital, stating that the company has acted in a FRAND manner and that the defendants are unwilling licensees. This victory showcases InterDigital's innovation and leadership in licensing standardized technologies like 5G.
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InterDigital Increases Share Repurchase Authorization to $300 Million

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InterDigital, Inc. (Nasdaq: IDCC) has increased its existing share repurchase program by approximately $235 million to a total of $300 million, effective December 1, 2023. The company's Board of Directors has authorized this increase, which will depend on prevailing market conditions and other factors. Repurchases will be made using the company's cash resources, and the program may be commenced or suspended at the company's discretion without prior notice.
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New Report Highlights Impact of HEVC Codec on Streaming Industry

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InterDigital, Inc. (Nasdaq: IDCC) commissioned a report by Futuresource, highlighting HEVC as the leading codec for high-quality streaming content. The report discusses HEVC's development, its role in delivering HD and UHD/4K streaming video, and its increased usage by streaming giants like Amazon Prime, Apple TV+, Netflix, Hulu, Disney, NBC, Paramount, and Warner Bros. The addressable market for HEVC-supported devices is expected to expand to ten billion by 2030, indicating significant growth potential.
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InterDigital’s Joseph Levy Elected to the IEEE Board of Governors

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InterDigital, Inc. (Nasdaq: IDCC) announced the election of Joseph Levy, Principal Engineer, to serve as a voting member of the IEEE Standards Association Board of Governors for a two-year term from 2024 to 2025. IEEE is the world’s largest technical professional organization dedicated to advancing technology for the benefit of humanity. The Board of Governors directs the IEEE SA in establishing policy, providing financial oversight, and managing all IEEE standards-related activities. Joseph Levy's election reflects his deep engagement in IEEE standards activities and demonstrated commitment to global standards, as stated by InterDigital Chief Technology Officer Rajesh Pankaj.
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InterDigital’s Alain Mourad Elected to ETSI Board

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InterDigital, Inc. (Nasdaq: IDCC) announced the election of Dr. Alain Mourad, Head of Wireless Lab Europe, to serve on the ETSI Board for the 2024-2026 mandate. ETSI is a European Standards Organization responsible for telecommunications, broadcasting, and electronic communications networks and services. Alain Mourad's election reflects his leadership capabilities and technical expertise, especially in the context of 6G technology development.
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InterDigital Declares Regular Quarterly Cash Dividend

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InterDigital, Inc. (Nasdaq: IDCC) declares a regular quarterly cash dividend of $0.40 per share on its common stock, payable on January 24, 2024, to shareholders of record at the close of business on January 10, 2024.
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InterDigital’s Alain Mourad Elected Chair of New ETSI Industry Specification Group on Integrated Sensing and Communications (ISAC)

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InterDigital, Inc. (IDCC) announced that Dr. Alain Mourad has been elected Chair of ETSI's ISAC ISG, focusing on research and standards readiness for early 6G technology. The ISG will establish the technical foundation for the development of ISAC technology and its standardization in 6G, enabling the network to act as a 'radar' sensor. The ETSI ISAC ISG will define a prioritized set of 6G use cases and sensing types and develop advanced channel models for ISAC use cases.
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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 27, 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

4.93B
25.01M
1.34%
109.23%
10.97%
Software - Application
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