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Components | June 20, 2012

Intel ups patent portfolio

Certain of InterDigital’s subsidiaries have signed a definitive agreement to sell to Intel roughly 1'700 patents and patent applications for USD 375 million in cash.
The agreement involves patents primarily related to 3G, LTE and 802.11 technologies. InterDigital is an active developer of advanced wireless technologies including WCDMA, HSDPA and HSUPA 3G technologies as well as LTE and LTE-Advanced 4G technologies.

“The acquisition of this portfolio of InterDigital’s technologies by a global technology leader like Intel affirms the efforts of our research and development team which actively shares our innovations with the worldwide standards bodies, defining technologies that are central to the world's major wireless systems and devices,” said Scott McQuilkin, Senior Executive Vice President, Strategy and Finance at InterDigital.

“These patents will support Intel’s strategic investments in the mobile segment,” said Doug Melamed, Intel Senior Vice President and General Counsel. “The addition of these patents expands our already large, strong and diverse portfolio of intellectual property.”

The companies expect the transaction to be completed in third quarter 2012, subject to customary closing conditions and any required regulatory approvals.
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