InterDigital and Samsung Settle Patent Arbitration with New License Agreement

InterDigital and Samsung have concluded arbitration and entered into a new patent license agreement, continuing their long-term partnership. Samsung's previous license expired on December 31, 2022, and the two companies had announced in January 2023 that they would enter into binding arbitration to determine the final terms of a new agreement.

InterDigital (NASDAQ: IDCC) and Samsung Electronics have concluded their arbitration and entered into a new patent license agreement, extending their long-standing partnership. The arbitration process began in January 2023 after Samsung's previous license to InterDigital's cellular wireless and video technologies portfolio expired on December 31, 2022 [1].

Julia Mattis, Interim Chief Licensing Officer at InterDigital, expressed satisfaction with the outcome and the continuation of the relationship with Samsung. The new agreement represents a continuation of one of InterDigital's longest-standing licensing partnerships [1].

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 [1].

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. The company designs and develops foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services [1].

For more information, visit: www.interdigital.com.

References:
[1] https://www.stocktitan.net/news/IDCC/inter-digital-and-samsung-conclude-arbitration-and-announce-new-l4gj5fwnyznh.html