InterDigital and OPPO Group sign license agreement in Wilmington
- InterDigital has signed a new license agreement with OPPO Group, which includes OPPO, realme, and OnePlus mobile devices worldwide.
- The agreement resolves all pending litigations between InterDigital and OPPO Group, highlighting a collaborative approach in the tech industry.
- This partnership adds a significant customer to InterDigital's portfolio, strengthening their position in the global smartphone market.
On October 29, 2024, InterDigital, Inc., a leading technology research and development company, announced a significant licensing agreement with OPPO Group in Wilmington, Delaware. The agreement encompasses OPPO, realme, and OnePlus branded mobile devices sold worldwide. By including these brands, InterDigital further consolidates its presence among the top players in the smartphone industry. The deal marks a crucial step in fostering cooperation between the two companies by dismissing ongoing litigations, allowing both parties to focus on innovation rather than legal disputes. Liren Chen, CEO of InterDigital, emphasized that this partnership validates the company's robust patent portfolio and its foundational innovations across wireless, video, and artificial intelligence technologies. With this agreement, alongside licensing deals with other tech giants such as Apple, Samsung, and Xiaomi, InterDigital now licenses approximately 70% of the global smartphone market. This growth in licensing agreements not only bolsters InterDigital's financial position but also enhances its ability to reinvest in research and development, thereby fostering further innovations beneficial to consumers. Overall, the collaboration with OPPO Group exemplifies InterDigital’s strategic efforts to expand its licensing program and reflects a promising momentum towards achieving its business goals in the smartphone segment. The agreement puts InterDigital in an excellent position to pursue licensing opportunities with the remaining smartphone manufacturers worldwide.