Intel bites on InterDigital patent offering

Managing IP is part of Legal Benchmarking Limited, 1-2 Paris Gardens, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Intel bites on InterDigital patent offering

Intel has paid $375 million for 1,700 InterDigital patents - about 8% of the 20,000 patents InterDigital sought buyers for last year

The patents Intel purchased are chiefly related to 3G, LTE and 802.11 technologies. LTE and 802.11 are each standards for wireless communications, while 3G refers to the third generation of mobile telephony standards.

The purchase “will support Intel''s strategic investments in the mobile segment”, said the company’s senior vice president and general counsel Doug Melamed.

InterDigital senior executive vice president of strategy and finance, Scott McQuilkin, said that although the sale “involves a small portion of our overall patent portfolio”, it “marks an important milestone of InterDigital''s stated strategy of expanding the monetization of its large and growing intellectual property portfolio”.

“By executing on our business plan, which has been broadened to include patent sales, licensing partnerships and other possibilities, we see tremendous potential to expand revenue and build shareholder value," he added.

In January, InterDigital closed a six month review period during which it sought to sell its portfolio of 20,000 patents with no takers. The company said at the time that it would focus instead developing wireless technologies “and the monetization of those assets through vigorous and comprehensive patent licensing and sales efforts”.

InterDigital expects to be able to generate “sustainable annual revenue of at least $800 million in three to five years”.

Morrison & Foerster represented Intel in the deal.




more from across site and SHARED ros bottom lb

More from across our site

Attorneys explain why there are early signs that the US Supreme Court could rule in favour of ISP Cox in a copyright dispute
A swathe of UPC-related hires suggests firms are taking the forum seriously, as questions over the transitional stage begin
A win for Nintendo in China and King & Spalding hiring a prominent patent litigator were also among the top talking points
Rebecca Newman at Addleshaw Goddard, who live-reported on the seminal dispute, unpicks the trials and tribulations of the case and considers its impact
Attorneys predict how Lululemon’s trade dress and design patent suit against Costco could play out
Lawyers at Linklaters analyse some of the key UPC trends so far, and look ahead to life beyond the transition period
David Rodrigues, who previously worked at an IP boutique, said he may become more involved in transactional work at his new firm
Indian smartphone maker Lava must pay $2.3 million as a security deposit for past sales, as its dispute with Dolby over audio coding SEPs plays out
Powell Gilbert’s opening in Düsseldorf, complete with a new partner hire, continues this summer’s trend of UPC-related lateral movement
IP leaders at Brandsmiths and Bird & Bird, who were on opposing sides at the UK Supreme Court in Iconix v Dream Pairs, unpick the landmark case and its ramifications
Gift this article