Intel Spends $375 Million Beefing Up Wireless Patent Portfolio

Certain InterDigital subsidiaries will receive a $375 million cash payment from Intel in exchange for handing over roughly 1,700 patents and patent applications related to 3G, Long Term Evolution (LTE), and 802.11 wireless technologies. Intel plans to use its newly acquired wireless patents to help support its strategic investments in the mobile segment, the Santa Clara chip maker said. By adding to its already large and diverse patent portfolio, Intel also puts itself in better position to avoid costly lawsuits.
It's an obvious win for InterDigital, which develops, markets, and licenses all kinds of advanced wireless technologies. InterDigital has built up a portfolio of around 20,000 paten... »read more

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