Lawrence Chen on partnerships
From InterDigital CEO Calls Company an "Engine" in Telecom Industry · · Schwab Network
“Google has been a licensee for InterDigital for a while. They had a license with us for 4G technology, which is one of the cellular technologies, and we have negotiated with them. We added 5G, and we also added radio in terms of video codec technology and Wi-Fi technology. In addition, we broadened the scope of their product and their coverage. So not only the pixel phones are now covered, but we also cover their Internet of Things devices, including the wearable device like a Fitbit.”
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.