InterDigital and Lenovo finalize new licensing deal in October 2024
- InterDigital, Inc. has agreed to a new patent license agreement with Lenovo.
- The final terms of the agreement will be determined through binding arbitration, which will also settle all ongoing litigations.
- This development signifies a potential strengthening of the relationship between InterDigital and Lenovo.
On October 9, 2024, in Wilmington, Delaware, InterDigital, Inc., a prominent research and development company specializing in mobile, video, and AI technologies, announced a new patent license agreement with Lenovo. This agreement comes as both companies have decided to resolve their ongoing disputes through binding arbitration, which will determine the final terms of the new licensing deal. The arbitration process is expected to settle all pending litigations between the two parties, indicating a significant step towards collaboration. Eeva Hakoranta, InterDigital's Chief Licensing Officer, emphasized the importance of binding arbitration as a sophisticated mechanism for global dispute resolution. Founded in 1972, InterDigital has established itself as a leader in wireless technology, contributing to innovations that span from early digital cellular systems to advanced Wi-Fi technologies. The company is also recognized for its expertise in video processing and AI research, which intersects with its wireless and video technology efforts. This new agreement with Lenovo marks a pivotal moment in their relationship, potentially paving the way for future collaborations in technology development.