Printed from http://www.electronista.com

Intel agrees to purchase 1,700 patents from Interdigital

updated 12:54 pm EDT, Tue June 19, 2012

Patents expected to be used for mobile technology

Intel has agreed to buy 1,700 mobile patents from InterDigital. The $375 million cash deal sees patents for Wi-Fi, 3G, and LTE technologies head to the processor giant, which is expected to expand its push into the mobile market. The patent sale comes six months after InterDigital decided against selling itself entirely, preferring to continue its patent licensing business.

Seen by some as a "patent troll," InterDigital owns a large portfolio of patents that it uses to establish licensing deals or push for lawsuits and product bans if companies choose to decline an agreement. The collection of nearly 20,000 patents is expected to earn InterDigital around $800 million annually within a few years. It is unclear if the patent sale will have an effect on InterDigital's licensing revenue, though the sale represents a fraction of the larger portfolio.


Intel launched the Orange Santa Clara handset through the UK's Everything Everywhere network in June, representing one of the first Atom-powered smartphones to arrive on the market. The acquired mobile patents could be used as leverage to securing processor supply deals with handset manufacturers. The companies expect the transaction to be completed by the third quarter of this year, subject to regulatory approval. [via MarketWatch]



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lacking ...

Sponsor

toggle

Most Commented

 
toggle

Popular News