Intel will acquire approximately wireless 1,700 patents and patent applications from InterDigital for $375 million in cash. The patents are primarily related to 3G, LTE and 802.11 technologies.
InterDigital is an active developer of advanced wireless technologies including WCDMA, HSDPA and HSUPA3G technologies as well as LTE and LTE-Advanced.
"The acquisition of this portfolio of InterDigital's technologies by a global technology leader like Intel affirms the efforts of our research and development team which actively shares our innovations with the worldwide standards bodies, defining technologies that are central to the world's major wireless systems and devices," said Scott McQuilkin, Senior Executive Vice President, Strategy and Finance at InterDigital. "This transaction, which involves a small portion of our overall patent portfolio, marks an important milestone of InterDigital's stated strategy of expanding the monetization of its large and growing intellectual property portfolio. By executing on our business plan, which has been broadened to include patent sales, licensing partnerships and other possibilities, we see tremendous potential to expand revenue and build shareholder value."
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- In April 2012, Intel agreed to acquire selected patents and patent applications from Aware for approximately $75 million. The patents and patent applications relate to WiFi (802.11n/ac), LTE and Wireline Home Networking.
