Licensing AgreementsInterDigital signed a multiyear licensing agreement with a major Chinese smartphone vendor, increasing its annual recurring revenue by $26 million.
Market PositionInterDigital now has 8 of the top 10 largest smartphone manufacturers under contract, covering approximately 85% of the global smartphone market.
Revenue GrowthInterDigital saw 44% recurring revenue growth, driven largely by the arbitration conclusion with Samsung, the HP deal signed in April, and the vivo deal signed in May.