Immersion Renews License With Samsung Electronics To Continue To Make Patents Available To Samsung And Its Affiliates
Portfolio Pulse from Benzinga Newsdesk
Immersion Corporation has renewed its licensing agreement with Samsung Electronics, allowing Samsung and its affiliates continued access to Immersion's patents.
May 22, 2024 | 8:21 pm
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POSITIVE IMPACT
Immersion Corporation has renewed its licensing agreement with Samsung Electronics, which will allow Samsung and its affiliates to continue using Immersion's patents.
The renewal of the licensing agreement with a major player like Samsung is likely to positively impact Immersion Corporation's stock price in the short term as it ensures continued revenue from licensing fees.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100