Lawrence Chen on partnerships
From InterDigital CEO Calls Company an "Engine" in Telecom Industry · · Schwab Network
“Apple has been a long term customer for us for actually quite a while. Apple has been a licensee for us since 2007, and 2007 was before they even released the very first iPhone. So that relationship has been going on for close to 20 years now. We just renewed the agreement two years ago, around this time, actually 2022, and Apple has agreed to take a license for seven years. So our current license agreement with Apple will go all the way to 2029.”
On , Lawrence Chen, President, Chief Executive Officer & Director at INTERDIGITAL INC, spoke about partnerships during InterDigital CEO Calls Company an "Engine" in Telecom Industry on Schwab Network.
About Lawrence Chen
In a September 2024 interview, InterDigital CEO Liren Chen described the company as an independent research firm focused on fundamental technology in wireless radio and artificial intelligence. He stated that InterDigital has "one of the most valuable portfolios" in the industry and derives the vast majority of its revenue through IP licensing. Chen noted that the company invests about half of its recurring revenue into R&D and builds partnerships with universities and other companies. He highlighted long-term licensing agreements with major customers including Apple, Samsung, Amazon, and Google, and said a recent renewal with Apple extends through 2029. Chen also discussed InterDigital's role in contributing technology to open standards for cellular technology, including 5G and future 6G, and noted that the company's AI lab in Silicon Valley works on using AI to solve fundamental problems in wireless and video. He promoted an upcoming Investor Day in New York, scheduled for September 10, 2024, which he said would be his first since joining the company three and a half years ago, and would include a deeper dive into the business and a long-term growth roadmap.