my3sons87
2 days ago
IDCC 2024 full year revenue projection in last sentence. I said about $800 million in my prior post. IDCC says $860 million.
InterDigital Announces Financial Results for Third Quarter 2024
Company delivers Q3 results above the top end of outlook and raises FY 2024 guidance
WILMINGTON, Del., Oct. 31, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video, and AI technology research and development company, today announced results for the quarter ended September 30, 2024.
"In the third quarter we delivered revenues of about $129 million, exceeding the top end of our guidance, driven by a strong performance from our consumer electronics and IoT licensing program," commented InterDigital CEO and President Liren Chen. "In addition, at the start of the fourth quarter, we announced a new license agreement with OPPO Group, a top smartphone vendor, and a binding arbitration agreement with Lenovo. Given the increasing momentum across the business, we are raising the midpoint of our 2024 full-year revenue guidance by $145 million to $860 million
Gamco
3 days ago
Will IDCC's Acknowledgement of AI Innovations Benefit the Stock?
December 23, 2024 — 11:28 am EST
Written by Zacks Equity Research for Zacks -
InterDigital, Inc. IDCC was honored with three prestigious Fierce Network Innovation Awards for its outstanding advancements in AI, Sustainability and Mobile Wireless Evolution. Organized by Fierce Networks, these awards are designed to recognize the most visionary service providers and vendors for their outstanding wireless, broadband and cloud services and equipment unveiled in the past year.
IDCC’s Award-Winning Spree
In the AI category, InterDigital's AI-native Receiver Design for Future Wireless Communications, validated through Keysight Technologies, Inc.’s KEYS over-the-air testbed, was recognized. The solution represents a significant shift in wireless technology by integrating multiple traditionally separate signal processing blocks into a unified AI/Machine Learning-based block.
This novel approach allows the receiver to perform essential tasks like channel estimation, equalization, and demodulation jointly, leading to enhanced performance and improved robustness. The state-of-the-art innovation also optimizes throughput performance, reduces communication overhead and simplifies receiver architecture, making it particularly suitable for 6G applications.
In addition to its advancements in receiver design, InterDigital was recognized for its pioneering research in energy-efficient wireless systems. In collaboration with the University of Texas at Austin, the company introduced an over-the-air federated learning (OTA-FL) method. This breakthrough method enables federated model updates directly over the air, bypassing separate uplink transmissions. As a result, OTA-FL not only improves spectrum efficiency but also significantly reduces energy consumption, contributing to more sustainable wireless systems.
In trials, the technology achieved a 400% reduction in spectrum usage and energy consumption for two devices, with improvements scaling dramatically as more devices were added—up to a 70x decrease in spectrum usage and a 7x reduction in energy consumption when 20 devices were involved. These results underscore the potential of OTA-FL to accelerate model convergence, improve spectrum efficiency, and lower energy demands, ultimately contributing to greener, more energy-efficient wireless networks.
InterDigital was also acknowledged for its contributions to Integrated Sensing and Communications (ISAC), a critical component of 6G technology. ISAC enables devices and base stations to sense their environment, turning every connected device into a potential radar for detecting and mapping surroundings. This capability can transform user experiences by enabling immersive media applications, gesture recognition and environment reconstruction for digital twins. The solution was first showcased at the Mobile World Congress in Barcelona.
Does IDCC Stand to Gain From the Achievements?
The Fierce Network Innovation Award acknowledges InterDigital’s continued dedication to advancing technologies that address global challenges, such as sustainability while pushing the boundaries of wireless communication and AI innovation. Through its collaborations with industry partners and academia, InterDigital is paving the way for the future of intelligent, energy-efficient, and sustainable wireless networks, leading to higher revenues. An improved financial performance will likely propel the stock upward.
https://www.nasdaq.com/articles/will-idccs-acknowledgement-ai-innovations-benefit-stock
Gamco
3 days ago
Liren Chen
President and CEO at InterDigital, Inc.
As we approach the end of the year, I want to take this opportunity to reflect on what has been an outstanding 2024 for InterDigital and to thank all our employees, our customers, our business partners, and our investors for all of their support. I won’t give you an exhaustive list of all that we achieved in 2024, but I did want to take an opportunity to reflect on some particularly notable highlights.
Driven by our industry-leading innovators, we are having another record-setting year in invention creation for wireless, video codec and AI.
Driven by the high-value IP assets, licensing expertise and litigation wins, we have signed 15 new license agreements with major vendors including Oppo, Samsung, Google, TPV and others. As a result, we are expecting record-setting financial performance across the board for the year, including over 55% Y2Y revenue growth.
Our company has received numerous recognitions and awards, including:
· Named as one of America’s Most Successful Mid-Cap Companies by Forbes.
· Named as one of the world’s Top 100 most innovative companies for the third year in a row.
· Received a Top 5 ranking combining quality and quantity of each of our 5G, video codec and WiFi patent portfolios from LexisNexis.
· Won?a Fierce Network Innovation Award recognizing outstanding innovation in AI.
· Won two CSI Awards for best immersive video and video processing technology.
Our business executives and engineers continued to be recognized as leaders in their field, exemplified by:
· Eeva Hakoranta was named among the 50 most influential people in IP by Managing IP and was named one of the top 40 market makers by IAM.
· Gaëlle Martin-Cocher was re-elected vice chair of ITU Telecom Standardization Advisory Group.
· Xiaofei Wang was appointed Chair of the IEEE 802.11 standing committee on AI/ML.
Finally, we also rolled out a new 2030 long-term growth strategy during our Investor Day this September. I firmly believe that the company is in as strong a position as it has ever been, and I am highly confident in our ability to execute on our goals thanks to the dedications from our team.
Happy holidays!
dws
6 days ago
Company Release - 12/20/2024InterDigital awarded for AI-empowered receiver design for 6G wireless communicationsWILMINGTON, Del., Dec. 20, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, was awarded a Fierce Network Innovation Award recognizing outstanding innovation in AI. Announced on December 19, the annual Fierce Network Innovation Awards celebrate transformative companies, solutions, and individuals with the potential to revolutionize networks, drive customer engagement, and deliver substantial savings and innovation.In the category of AI, InterDigital’s AI-Empowered Receiver Design for 6G Wireless Communications was recognized for its ability to use the power of AI and machine learning (ML) to reshape wireless communications, particularly in advancing receiver design for 6G wireless systems. Validated through an over-the-air testbed with Keysight Technologies, Inc, InterDigital’s AI-empowered receiver architecture substitutes three traditional signal processing functions at the receiver with a single AI/ML model, trained to jointly perform channel estimation, equalization, and demodulation with improved performance and robustness. This joint learning approach seamlessly integrates and optimizes the functions, thereby delivering significant improvements in throughput performance and a substantial reduction in communication overhead when compared to conventional designs. Our innovative approach improves throughput performance, enhances robustness to hardware and radio impairments, simplifies receiver design, and reduces overhead, making it an ideal solution for 6G applications.“We are proud to be bestowed this Fierce Network Innovation Award in recognition of our bleeding-edge and transformative research that is unlocking new potential across our connected ecosystem” said InterDigital CTO Rajesh Pankaj. “Being considered amongst many peers of our industry, these awards reflect InterDigital’s impact and continued dedication to developing technologies that address global challenges while pushing the boundaries of AI and wireless innovation.”To learn more about InterDigital’s award-winning research and solutions, please click here.To learn more about the 2024 Fierce Network Innovation Award winners, please click here.About InterDigital®InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.InterDigital is a registered trademark of InterDigital, Inc.InterDigital Contact:
Roya Stephens
Email: Roya.Stephens@interdigital.com
+1 (202) 349-1714
my3sons87
2 weeks ago
Press Release2024-01-24
OPPO Secure Fourth Place in Global Smartphone Market in 2023Dubai, UAE, 24th January 2024: According to the latest data from IDC, OPPO ranked fourth in the global smartphone market in 2023, securing 8.8% of the total market share with over 103.1 million shipments.Despite the overall downward trend of the smartphone market in the same year, OPPO reached over 600 million global monthly active users across more than 60 markets through its outstanding products. Canalys data revealed that, by the third quarter of 2023, OPPO was among the top three in 20 regional markets.OPPO's relentless drive for innovation was on full display in 2023, with the launch of well-received new flagship smartphones, including the Find X6 Series and the Find N3 Series. OPPO's foldable phones held a strong market share, with Counterpoint data showing an impressive 20% of the Chinese foldable market in the first half of the year, and the Find N2 Flip held the top spot with a 31% market share among vertical foldable smartphones.OPPO's global performance could not have been possible without continuous R&D investments. OPPO currently has more than 54,000 granted patents, ranking sixth globally, and leading in key areas such as imaging, 5G communications, and AI. In 2023, OPPO introduced its self-trained large language model AndesGPT, whose performance on the OpenCompass evaluation platform ranked first among models at the 7 billion parameter level.OPPO's innovations have received global acknowledgment. In the past year, OPPO Air Glass won the 2023 Edison Best New Product Award, and OPPO Zero-Power Tag for battery-free communication, was named to TIME’s List of Best Inventions of 2023. OPPO also achieved fruitful outcomes in green innovation. Its self-developed Battery Health Engine also helped OPPO earn the 2023 SEAL Sustainable Product Award and a place on the Fast Company's "Top 10 Most Innovative Asia-Pacific Companies of 2023".
Gamco
2 weeks ago
InterDigital's Dong Tian Named IEEE Fellow
Dong recognized for outstanding contributions to 3D video compression, processing, and analysis
WILMINGTON, Del., Dec. 10, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that Dong Tian, Senior Director for 3D Video Coding, has been named an Institute of Electrical and Electronics Engineers (IEEE) Fellow for his contributions to 3D video compression, processing, and analysis.
IEEE is the world's largest association of professionals engaged in electrical/electronic engineering and information/communication technology with more than 460,000 members in 160 countries. Fellow is the highest grade of IEEE membership and IEEE bestows fellowships annually to less than 0.1% of its voting members for outstanding contributions to technological innovation and societal progress. InterDigital's Dong Tian was nominated through the IEEE Signal Processing Society under the Research Engineer/Scientist category.
Dong's fellowship selection was informed by his career accolades and critical contributions to video compression projects within InterDigital's Video Lab that have influenced and advanced video standards. Specifically, Dong was recognized for his research contributions in the field of 3D video compression, which has led to coding and rendering frameworks that have significantly influenced 3D compression standards. He was also recognized for his research and innovation on 3D point cloud processing and analysis, including his work to realize efficient representations of 3D point clouds and enable scene analysis directly from those signals.
"Dong's recognition as an IEEE Fellow is a testament to his leadership and impact in advancing video compression, signal processing, and AI capabilities to foster next generation video communications," said InterDigital CTO Rajesh Pankaj. "Dong is a well-respected and highly cited researcher. He has dedicated much of his career to pioneering research and earning standards leadership responsibilities through his contributions to 3D video compression, processing, and analysis. This honor highlights Dong as a valuable industry leader and reflects the important and influential research taking place across InterDigital to advance video, wireless, and AI."
Alongside his new IEEE Fellowship, Dong serves as chair of the IEEE Multimedia Systems and Applications technical committee (MSA TC) and Ad hoc Group (AhG) chair for MPEG-AI and MPEG-AI-PCC standard projects. Dong is also currently an advisory member of the IEEE Multimedia Signal Processing Technical Committee (MMSP TC), and member of the IEEE International Conference on Multimedia and Expo (ICME) and IEEE Transactions on Multimedia (TMM) steering committees.
About InterDigital(R)
InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence ("AI"), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today's most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
InterDigital Contact:
Roya Stephens
Email: Roya.Stephens@interdigital.com
+1 (202) 349-1714
(END) Dow Jones Newswires
Gamco
3 weeks ago
From Gemini:
The potential implications of Tesla's appeal for a UK global FRAND rate ruling against Avanci/InterDigital are significant and could reshape the landscape of patent licensing in the tech industry.
What's at Stake:
* Global FRAND Rates: A successful appeal could establish a precedent for setting global FRAND rates in the UK, impacting not just Tesla and Avanci but potentially all companies involved in SEP licensing.
* Patent Pool Dynamics: The case challenges the traditional approach to patent pools, where individual SEP holders negotiate licenses. A global FRAND rate could disrupt this model, potentially leading to more centralized licensing.
* Industry-Wide Impact: The outcome could influence how companies value and license SEPs, potentially impacting innovation and competition across various industries.
Potential Outcomes:
* Increased Certainty: A global FRAND rate could bring more certainty to SEP licensing, reducing the need for lengthy and costly negotiations.
* Reduced Litigation: A clear framework for FRAND rates could potentially decrease the number of patent infringement lawsuits.
* Fairer Licensing: A global rate could ensure that SEP holders are fairly compensated while preventing excessive royalties that could stifle innovation.
Challenges and Considerations:
* Complexity: Setting a single global FRAND rate for a diverse portfolio of patents across different jurisdictions is a complex undertaking.
* Resistance: SEP holders and patent pools may resist a centralized approach to licensing, preferring to maintain control over their individual portfolios.
* Unintended Consequences: A global FRAND rate could have unintended consequences, such as discouraging innovation in essential technologies.
Overall:
Tesla's appeal is a high-stakes legal battle with the potential to significantly impact the future of SEP licensing. While the outcome remains uncertain, it is clear that the case will have far-reaching implications for the tech industry and beyond.
Gamco
3 weeks ago
InterDigital Declares Regular Quarterly Cash Dividend
December 05 2024 - 4:05PM
InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.45 per share on its common stock, payable on January 22, 2025, to shareholders of record at the close of business on January 8, 2025.
About InterDigital®
InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com.
InterDigital Contact:
investor.relations@interdigital.com
+1 (302) 300-1857
Monterey2000
3 weeks ago
InterDigital signs license agreement with OPPO Group
Company Release - 10/29/2024
WILMINGTON, Del., Oct. 29, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that it has signed a new license agreement with OPPO Group. The agreement covers OPPO, realme and OnePlus branded mobile devices worldwide.
As part of the agreement, both parties have agreed to dismiss all pending litigations between them.
“In an increasingly connected world, this agreement serves as another validation of the strength of our foundational innovation in wireless, video, and AI, and of the quality of our patent portfolio,” said Liren Chen, CEO and President, InterDigital. “Our licensing success further strengthens our ability to reinvest in cutting-edge R&D and foster innovation for next generation technology that benefits the whole industry and billions of consumers in the future.”
Along with our agreements with Apple, Samsung and Xiaomi, InterDigital now has the four largest smartphone vendors under license and has licensed approximately 70% of the entire global market.
“OPPO Group adds a significant customer to our smartphone program, and I am pleased with our progress and execution against our goals,” commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. “This agreement reflects our increasing momentum across the business and, along with other licenses that we have signed recently, puts us in an excellent position to license the rest of the smartphone market.”
OPPO Press Release 10292024
Gamco
3 weeks ago
Plenty of road left for Tesla's FRAND dispute with Avanci
Global, United Kingdom, USA December 2 2024
The UK Courts are in the spotlight again for FRAND litigation with the appeal hearing for Tesla v Avanci and InterDigital is listed to be heard by the Court of Appeal today and tomorrow (2nd and 3rd December 2024).
Tesla are revving up for the next round of their dispute with patent pool provider, Avanci, and patent owner, InterDigital, where Tesla will argue that the court should overturn the High Court's decision to dismiss the claims due to jurisdictional issues.
For those who have not been submerged in patent pool litigation here is a brief recap of the dispute:
Tesla brought a claim in the UK High Court against Avanci and InterDigital for declaratory relief on fair, reasonable and non-discriminatory (FRAND) terms for a patent pool licence. On 15 July 2024 the High Court ruled against Tesla and dismissed the claim on the basis that it did not have jurisdiction over the licensing claims or that they should be struck out. Tesla had also brought collateral patent claims against InterDigital that were stayed.
Avanci, a company headquartered in Texas, operates a licensing platform that offers automotive manufacturers patent pool licences for 2G, 3G, 4G and 5G technology. InterDigital owns several 5G patents licensed under Avanci's patent pool. InterDigital was joined to the action as a representative of the companies who license their patents through Avanci's patent pool.
Tesla previously dipped its toes in Avanci's patent pool and held a license for a pool of 2G, 3G and 4G patents. Now, Tesla wants to introduce 5G technology to its cars and has sought a licence for the 5G standard essential patents (SEPs) on Avanci's platform. Avanci offered a rate of $32 per vehicle for a license of approximately 170,000 patents from 65+ patent owners. Tesla disputes this rate and asked the UK court to determine a global FRAND rate for the entire patent pool.
Avanci disagrees with Tesla and argues that although bilateral license agreements for a SEP must be on FRAND terms, Avanci is not a patentee and therefore is not bound by the requirement under ETSI (the telecoms regulator) to offer a licence on FRAND terms. It further argues that the platform licence is a commercial alternative to obtaining bilateral licences with each patentee.
Unfortunately, these arguments could not be fully considered as Avanci and InterDigital successfully argued that there was not a strong enough connection to the UK for the UK court to have jurisdiction. Both companies are headquartered in the U.S. and some Avanci licensors may not hold a single UK patent.
Mr Justice Fancourt, the judge at first instance, was sympathetic to Tesla's desire for judicial guidance on whether Avanci's pool license terms (including the $32 rate) are FRAND, and seemingly would have applied the UK SEP case law, as UK courts have but could not get over the jurisdictional issues at play.
The wheels are in motion for the latest instalment of this dispute and we are excited to see where this road takes us…
{
It may seem odd that a claim which Tesla has a legitimate interest in pursuing and which would in principle serve a proper purpose cannot be pursued here. The conclusion that it cannot has given me some concern. It would be very odd indeed if Tesla could not obtain a decision on its claim in any jurisdiction that is reasonably suitable.
https://www.judiciary.uk/wp-content/uploads/2024/07/Tesla-v-InterDigital-15.07.24.pdf
Gamco
3 weeks ago
Interesting post on LinkedIn:
Irwin Gross • 3rd+Partner at Gross Capital Partners, LLC17hMr. Chen. I have been away from IDDC since 1983. i am probably one of the last of the orriginal founderrs. i provided early capital to IMM in those days, and became the second largestt shareholder to Sherwin. He and i guuided the company through the lean years and conceived, patented and funded the first early technologies. Historically, in 76 we demonstragted the worlds first wireless phone, on the Hill in Belmont Plaza in Philly on the 100 th anniversity of Alexander Bells first phone. I gave the speech to introduce the product.
As the second largest shareholder i was very instrumental and doing our first iPO witht DHBlair in 81. i became the COO.
i held that position, until we did our secondary in 83, and i recruited and Hired Hilsman to be the President. I stayed on for a short while and moved on to multiple other companies from there.
There is more to the story and if interested i could give more color.
The history is an adventure.
Irwingross@gmail.com
Limejuice22
3 weeks ago
been here a while, I was on the Qcom ride in the 90's late , $6 to $400, and it was fun, told my brokers, IDCC is a mini QCOM , they never got it, never understood IP, and how networks "work", protocols, l did well on the Apple ride, went to MacWorld the year Jobs introduced the Intel chip in macs--I owned Zero mac-s and I bought 3 at the show and then bought the stock, I saw kids all over the hall with macs , then 2007 , Iphone ----so Peter Lynch said, observe, look around, do your own research , that's what I've done