InterDigital sells nearly 2,000 wireless patents to Intel, pockets $375 million

InterDigital (we interviewed its CEO last week) is selling off around 1,700 wireless patents and applications to Intel for $375 million. The company is making good on its promise to monetize its vast portfolio of IP, including technologies relating to 3G, WCDMA, HSDPA, HUSPA, LTE and 802.11 WiFi connections. It's a short in the arm for Intel's burgeoning wireless arm, which recently outed its first handset, the San Diego. It'll also strengthen the hand of the company in any litigation relating to the technology should the lawyers come knocking. So far it's not clear if the company is retaining an interest in the files its sold off, but we've reached out for comment and will let you know when we do.

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InterDigital sells nearly 2,000 wireless patents to Intel, pockets $375 million originally appeared on Engadget on Mon, 18 Jun 2012 13:19:00 EDT. Please see our terms for use of feeds.