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Stock impact report

InterDigital and Lenovo agree to enter into new license agreement – final terms to be determined in binding arbitration

InterDigital, Inc. (IDCC) 
Last interdigital, inc. earnings: 2/20 08:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.interdigital.com
Company Research Source: GlobeNewswire
WILMINGTON, Del., Oct. 09, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that it agreed to enter into a new patent license agreement with Lenovo. The parties will enter into binding arbitration to determine the final terms of the new agreement. As part of the agreement to arbitrate, both parties have agreed to settle all pending litigations between them. “When disputes do arise in licensing negotiations, binding arbitration provides for a sophisticated global dispute resolution mechanism,” commented Eeva Hakoranta, Chief Licensing Officer, InterDigital. “I look forward to the conclusion of the arbitration and settling the terms of our new license agreement for Lenovo’s use of our foundational wireless, video and AI innovation in Lenovo’s products, such as smartphones and PCs.” About InterDigital® InterDigital is a global research and development company focused primarily on wireless Show less Read more
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