InterDigital Inc (IDCC)

[Gamco]

Select "cut & paste" from IDCC's Form 10-K dated 2/17/2022 concerning Sony, Convida Wireless and InterDigital:

Page 7:
In 2012, we formed a joint venture with Sony called Convida Wireless. The joint venture combined InterDigital's advanced M2M research capabilities with Sony's consumer electronics expertise for the purpose of driving new research in IoT communications and other connectivity areas. This joint venture was renewed in 2015 with its focus expanded to include advanced research and development into 5G and future wireless technologies, and further renewed in 2018 and again in December 2021. As of December 31, 2021, Convida Wireless owned approximately 2,500 patents and patent applications worldwide, which expire at different times ranging from 2022 through 2041.

Page 31:

During fourth quarter 2021, we renewed our multi-year, worldwide, non-exclusive patent license agreement with Sony. In addition, we renewed our joint venture with Sony, Convida Wireless.

Page 72:

Also during 2021, we renewed our multi-year, worldwide, non-exclusive patent license agreement with Sony. A portion of the future consideration for the agreement was in the form of patents. We have yet to record these patents on our balance sheet as of December 31, 2021 as they have not yet been transferred. However, we have determined the estimated fair value of the patents for determining the transaction price for revenue recognition purposes, which was estimated to be $30.1 million utilizing the income and market approach. The value will be amortized as a non-cash expense over the patents' estimated useful lives once transferred

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https://arstechnica.com/cars/2022/05/sony-accelerates-push-into-car-sector-in-diversification-drive/