Interdigital’s revenues soared 120 percent year over year on the strength of its 5G license with Google and Lenovo’s extra $55 million payment from the UK appellate court. Finally, U.S.-based Qualcomm signed a license with Chinese original equipment manufacturer Honor.
Despite the significant economic challenges and geopolitical tensions throughout 2023, the year concluded on a positive note with an increase in patent transactions. This upturn in activity within the patent secondary market coincided with a growing interest among companies to invest in research and development, particularly in the technology sector.