InterDigital renews license agreement with Sharp and signs new IoT license

Core Insights - InterDigital has renewed its patent license agreement with Sharp and signed a new agreement with an EV charger manufacturer, highlighting its ongoing innovation in wireless and video technologies [1][2] - The renewal with Sharp covers technologies including 4G, 5G, Wi-Fi, and HEVC, while the new agreement pertains to home and commercial EV chargers [1] - InterDigital aims to achieve $500 million in annualized recurring revenue from its smartphone program by 2027, with approximately 85% of the smartphone market currently under license [2] Company Overview - InterDigital is a global research and development company focused on wireless, video, artificial intelligence, and related technologies, enabling connected experiences across various communication and entertainment products [3] - The company licenses its innovations to manufacturers of wireless devices, consumer electronics, IoT devices, and cloud-based service providers, positioning itself as a leader in wireless technology [3] - Founded in 1972 and listed on Nasdaq, InterDigital has a significant presence in video processing and encoding technologies, alongside a robust AI research initiative [3]