InterDigital and Samsung conclude arbitration, establishing a new patent license agreement after prior license expiration.
Quiver AI Summary
InterDigital, Inc. has announced the conclusion of its arbitration with Samsung Electronics, resulting in a new patent license agreement between the two companies. Julia Mattis, InterDigital's Interim Chief Licensing Officer, expressed satisfaction over the renewed partnership, highlighting Samsung's long-standing relationship as a licensee. This agreement follows the expiration of Samsung's previous license to InterDigital’s technologies at the end of 2022, with arbitration initiated in January 2023 to settle the terms for a new contract. InterDigital specializes in research and development for mobile, video, and AI technologies, licensing its innovations globally for various applications, including wireless communications and video streaming services. Founded in 1972 and listed on Nasdaq, InterDigital continues to lead in developing foundational technologies for connected experiences.
Potential Positives
- The conclusion of the arbitration with Samsung Electronics signals a resolution of potential disputes, reinforcing stability in the company's licensing agreements.
- The new patent license agreement with Samsung extends a long-term partnership, ensuring continued revenue from one of the company’s significant licensees.
- This agreement reaffirms InterDigital's position as a leader in mobile and video technologies, enhancing its market credibility and attractiveness to potential new partners and clients.
Potential Negatives
- The arbitration process indicates potential disputes over patent licensing terms, suggesting complexities in InterDigital's relationships with major clients like Samsung.
- The expiration of Samsung's previous license agreement may reflect challenges in maintaining continuous partnerships, raising concerns about revenue stability.
- The necessity of arbitration could imply deeper issues in negotiation strategies, which may affect future licensing agreements with other companies.
FAQ
What is the recent agreement between InterDigital and Samsung?
InterDigital and Samsung have concluded their arbitration and entered into a new patent license agreement.
When did Samsung's previous license with InterDigital expire?
Samsung's previous license to InterDigital's technologies expired on December 31, 2022.
Who is the Chief Licensing Officer at InterDigital?
Julia Mattis is the Interim Chief Licensing Officer at InterDigital.
What technologies does InterDigital focus on?
InterDigital focuses on wireless, video, artificial intelligence, and related technologies.
How can I contact InterDigital for more information?
You can contact Richard Lloyd at [email protected] or by phone at +1 (202) 349-1716.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$IDCC Insider Trading Activity
$IDCC insiders have traded $IDCC stock on the open market 94 times in the past 6 months. Of those trades, 0 have been purchases and 94 have been sales.
Here’s a breakdown of recent trading of $IDCC stock by insiders over the last 6 months:
- LAWRENCE LIREN CHEN (President and CEO) has made 0 purchases and 39 sales selling 100,000 shares for an estimated $20,832,391.
- RICHARD BREZSKI (Chief Financial Officer) has made 0 purchases and 14 sales selling 31,530 shares for an estimated $6,757,299.
- STEWART D HUTCHESON has made 0 purchases and 8 sales selling 8,398 shares for an estimated $1,797,393.
- EEVA K. HAKORANTA (Chief Licensing Officer) has made 0 purchases and 4 sales selling 5,150 shares for an estimated $1,121,107.
- RAJESH PANKAJ (Chief Technology Officer) has made 0 purchases and 5 sales selling 3,800 shares for an estimated $779,666.
- JEAN F RANKIN has made 0 purchases and 9 sales selling 3,285 shares for an estimated $734,622.
- JOSHUA D. SCHMIDT (CLO & Corp Secretary) has made 0 purchases and 4 sales selling 2,247 shares for an estimated $496,528.
- JOHN D. JR. MARKLEY has made 0 purchases and 2 sales selling 1,384 shares for an estimated $306,293.
- SAMIR ARMALY has made 0 purchases and 3 sales selling 779 shares for an estimated $176,456.
- DEREK K ABERLE has made 0 purchases and 3 sales selling 692 shares for an estimated $156,676.
- JOHN A KRITZMACHER has made 0 purchases and 3 sales selling 519 shares for an estimated $117,632.
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$IDCC Hedge Fund Activity
We have seen 258 institutional investors add shares of $IDCC stock to their portfolio, and 207 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FIRST TRUST ADVISORS LP added 432,691 shares (+418.9%) to their portfolio in Q1 2025, for an estimated $89,458,864
- BOSTON PARTNERS removed 405,070 shares (-25.0%) from their portfolio in Q1 2025, for an estimated $83,748,222
- GAMMA INVESTING LLC removed 297,892 shares (-99.4%) from their portfolio in Q2 2025, for an estimated $66,796,323
- NEW VERNON CAPITAL HOLDINGS II LLC added 204,081 shares (+25257.5%) to their portfolio in Q1 2025, for an estimated $42,193,746
- FMR LLC added 174,982 shares (+3800.7%) to their portfolio in Q1 2025, for an estimated $36,177,528
- SHANNON RIVER FUND MANAGEMENT LLC removed 156,643 shares (-41.0%) from their portfolio in Q1 2025, for an estimated $32,385,940
- AMERICAN CENTURY COMPANIES INC removed 156,327 shares (-36.8%) from their portfolio in Q1 2025, for an estimated $32,320,607
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Full Release
WILMINGTON, Del., July 29, 2025 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that its arbitration with Samsung Electronics has concluded and that the two companies have entered into a new patent license agreement.
“We welcome the conclusion of the arbitration process and our agreement with Samsung,” commented Julia Mattis, Interim Chief Licensing Officer, InterDigital. “Samsung is one of our longest licensees and I am delighted that we have been able to continue our long-term partnership.”
Samsung’s previous license to InterDigital’s portfolio of cellular wireless and video technologies expired December 31, 2022. The two companies announced in January 2023 that they would enter into binding arbitration to determine the final terms of a new agreement.
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:
Richard Lloyd
Email:
[email protected]
+1 (202) 349-1716
