InterDigital Secures Global License Deal with OPPO Group, Now Covers 70% of Global Smartphone Market
Portfolio Pulse from Benzinga Newsdesk
InterDigital, Inc. has signed a global license agreement with OPPO Group, covering OPPO, realme, and OnePlus devices. This deal, along with existing agreements with Apple, Samsung, and Xiaomi, allows InterDigital to cover 70% of the global smartphone market. The agreement also resolves all pending litigations between InterDigital and OPPO.
October 29, 2024 | 8:03 am
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InterDigital has secured a global license agreement with OPPO Group, covering major smartphone brands and resolving pending litigations. This expands their market coverage to 70% of the global smartphone market.
The agreement with OPPO Group significantly expands InterDigital's market coverage and resolves legal disputes, which is likely to positively impact their stock price. The deal enhances their licensing portfolio and strengthens their position in the smartphone market.
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