Intel bites on InterDigital patent offering
Managing IP is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

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 ros bottom lb

More from across our site

The firm was among multiple winners at a record-breaking 2024 ceremony held in London on April 11
We provide a rundown of Managing IP’s news and analysis from the week, and review what’s been happening elsewhere in IP
The Americas research cycle has commenced. Do not miss this opportunity to nominate your work!
Increased and new patent fees could affect prosecution strategies for law firms and companies, according to sources
Five former Oblon lawyers felt that joining Merchant & Gould would help them offer the right prices to entice clients
The UK may not be a UPC member but its firms are still acting in proceedings, with Carpmaels among the most prominent
Naomi Pearce of Pearce IP shares how she is helping her firm become a life sciences leader and how generous policies have helped attract top talent
The Court of Appeal has dismissed an appeal filed by Ocado, in what was a key test for transparency at the new court
Each week Managing IP speaks to a different IP lawyer or professional about their life and career
INTA is calling out ‘immoral’ unregistered attendees at the association’s annual meeting, but the debate is more nuanced
Gift this article