IDCC - InterDigital signs licensing pact with Xiaomi for mobile devices

InterDigital (NASDAQ:IDCC) enters a multi-year, worldwide, non-exclusive, royalty-bearing license with Xiaomi (OTCPK:XIACF). The license covers Xiaomi’s cellular-enabled mobile devices under InterDigital’s standard-essential patents related to cellular wireless (including 3G, 4G, and 5G), WiFi and HEVC video technology. As part of the agreement, InterDigital and Xiaomi have agreed to dismiss all pending patent litigation and other proceedings. Eeva Hakoranta, Chief Licensing Officer, InterDigital: “This deal adds one of the world’s leading smartphone manufacturers to the approximately 80 companies, including Apple, Huawei, and Samsung, which have taken licenses to InterDigital’s extensive portfolio. Adding Xiaomi now allows us to offer our patented technology to millions more consumers around the world while working constructively with an industry leader.”

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InterDigital signs licensing pact with Xiaomi for mobile devices