InterDigital, Inc. (IDCC): Business Model Canvas [Dec-2025 Updated]

You're looking to crack the code on InterDigital, Inc.'s business engine, and honestly, it boils down to one thing: monetizing foundational technology. Forget manufacturing; this is a pure-play intellectual property licensing play, backed by over 33,000 patents covering 4G, 5G, and 6G. We see a high-margin operation, evidenced by a 90.02% gross margin, projecting revenues between $820M and $824M for fiscal 2025, all driven by securing long-term, fixed-fee deals with major global vendors. To see exactly how they manage high R&D costs, enforce their rights in court, and maintain that impressive $588 million Annualized Recurring Revenue, dive into the full Business Model Canvas we've mapped out below.

InterDigital, Inc. (IDCC) - Canvas Business Model: Key Partnerships

InterDigital, Inc. relies on deep engagement with external entities to drive innovation and monetize its intellectual property, particularly through standards contribution and licensing agreements.

Joint research projects with academic institutions

InterDigital's Research and Innovation Labs in Conshohocken, London, and Rennes foster hands-on collaboration with academia. This includes a recent AI demonstration with UT-Austin. The company's commitment to STEM education involved a $300,000 grant to Delaware State University's (DSU) College of Mathematics, Natural Sciences and Technology (CMNST). This funding established three new teaching laboratories at DSU: a digital and analog electronics laboratory, a wireless communications, signal processing and controls laboratory, and an advanced micro-controller design lab, available for undergraduate studies starting in the fall of 2025.

Standard-setting organizations (e.g., 3GPP, MPEG)

Contribution to standards bodies is central to InterDigital, Inc.'s strategy, ensuring its innovations are foundational. The company is a long-time contributor to the MPEG MESH compression standard, with its release expected in 2025. InterDigital engineers also contribute expertise to video standards, such as the VVC codec. Furthermore, the company co-chairs the Planning Team on Sustainability in Media and Data Delivery Services (PT9) in ATSC and co-leads DVB's study mission on Energy Aware Service Delivery. The 3GPP standards body hosted a workshop in March 2025 to begin selection of study items for 6G system architecture. InterDigital demonstrated leadership in key technology standards during the third quarter of 2025.

Patent pools and joint licensing programs

InterDigital, Inc. protects its innovations, which currently number over 33,000 patents, through extensive licensing. The total contract value of licenses signed since 2021 now exceeds $4 billion. The company signed a new IoT license and renewed a license agreement with Sharp in October 2025.

The financial impact of these licensing partnerships is substantial, as shown below:

Co-development efforts with technology leaders

InterDigital, Inc. expands its IP monetization beyond mobile into other sectors through specific agreements. A new license signed with HP extended the company's reach into the personal computer and broader consumer electronics market. Key smartphone licensing agreements have been secured with Oppo and Vivo, contributing to 7 out of 10 global OEMs being under license. Existing agreements include one with Apple running until 2028 and one with Samsung until 2030. The company is also actively pursuing its OTT licensing program against Disney, achieving preliminary patent wins in Brazil and Germany.

The company's R&D investment is in the range of $200-220 million annually, fueling its patent portfolio. InterDigital's innovation pace is noted by an average of six new patents daily.

InterDigital, Inc. (IDCC) - Canvas Business Model: Key Activities

You're looking at the core engine of InterDigital, Inc. (IDCC), which is all about creating foundational technology and then getting paid for its use across the globe. Honestly, it's a pure-play intellectual property model, and the numbers from late 2025 show it's working well.

Foundational R&D in wireless, video, and AI

InterDigital, Inc. keeps pouring resources into its core research pillars: wireless, video, and Artificial Intelligence (AI). This investment is what fuels the patent engine. For the three months ended September 30, 2025, the company reported operating expenses of $88.9 million. This spending supports the ongoing development that underpins standards like 5G and future 6G.

Global patent portfolio management and filing

Managing that massive IP library is a key activity. As of late 2025, InterDigital, Inc. holds a total of 56,309 patents globally, with 30,028 of those having been granted. The portfolio is deep, covering 8,871 unique patent families. The pace of innovation is still high; management noted that their engineers are creating an average of six new patents daily. For context on recent input, they filed 1,615 patents in 2024.

Negotiating and executing patent license agreements

This is where the R&D spend translates directly into revenue visibility. The success here is clear in the recurring revenue figures. As of the third quarter of 2025, InterDigital, Inc.'s annualized recurring revenue (ARR) hit an all-time high of $588 million, which is a 49% increase year-over-year. The company has secured agreements with roughly 85% of global smartphone vendors. The cellular patent portfolio alone drives approximately $475 million in ARR. The total contract value of licenses signed since 2021 is now more than $4 billion. Here's a quick look at the Q3 2025 financial results that reflect this activity:

Also, the recent Samsung arbitration resulted in a contract worth $135 million annually over eight years. The full-year 2025 revenue guidance was raised to a range of $790-$850 million.

Patent enforcement and litigation (e.g., against Amazon, Disney)

When negotiation stalls, enforcement becomes a necessary activity to secure fair value. InterDigital, Inc. is actively pursuing its Streaming & Cloud Services (SCS) monetization through litigation. You should know they initiated global lawsuits against The Walt Disney Company (including Disney+, Hulu, and ESPN+) in February 2025 over video encoding patents. This enforcement effort saw success when a court in Germany (Munich Regional Court) awarded InterDigital, Inc. an injunction against Disney on November 3, 2025, for infringing a patent related to video stream overlay, like subtitles. Separately, in November 2025, InterDigital, Inc. initiated litigation against Amazon over patents related to video compression and High Dynamic Range (HDR) technology, impacting devices like FireTV and services like Prime Video. The company is seeking permanent injunctions in multiple jurisdictions, including the US, Brazil, Germany, and the Unified Patent Court (UPC).

Integrating AI into 6G and video systems

The future-proofing of the portfolio involves integrating new technologies. InterDigital, Inc. is definitely integrating AI into its 6G and video systems research. A concrete action taken in late 2025 to bolster this was the acquisition of the AI startup Deep Render on October 30, 2025. This move supports their work on re-engineering wireless and video systems for AI usage and exploring machine-use codecs for autonomous vehicles.

Finance: draft 13-week cash view by Friday.

InterDigital, Inc. (IDCC) - Canvas Business Model: Key Resources

You're looking at the core assets that power InterDigital, Inc.'s entire operation; these aren't just line items, they are the engine room of their value creation.

The foundation is undeniably the intellectual property. InterDigital, Inc. maintains a massive global patent portfolio, which, as of the latest comprehensive data update in 2025, totals 56,309 patents globally, with 30,028 of those already granted. This massive collection underpins the company's standing in essential technologies, covering everything from 4G and 5G to the emerging 6G standards and advanced video compression like HEVC and VVC. While the prompt mentioned a figure over 33,000 patents, the current count reflects significant ongoing innovation and filing activity, solidifying its position as a leader in the sectors it targets. The company is actively pushing technology forward, with one report noting an average of six new patents daily being filed recently.

Here's a snapshot of the scale of the IP and its recent licensing success:

The human capital driving this portfolio is highly specialized. You're looking at a team of highly specialized R&D engineers and inventors who are actively developing foundational technology for 6G, with engineers holding multiple working group chair positions within the 3GPP standards body. This deep technical bench is also integrating significant AI research into both wireless and video processing, which is key to maintaining the portfolio's future value. They solve the most difficult problems in the system.

InterDigital, Inc. supports this high-level research and its legal defense with a strong balance sheet. As of the end of Q2 2025, the company reported holding $937 million in cash and short-term investments. This cash position, combined with a goal to maintain a fortress balance sheet, gives InterDigital, Inc. the necessary resources to fund its ongoing research and defend its IP without undue financial pressure. The company returned $42 million to shareholders in Q2 2025 alone through buybacks and dividends, showing capital deployment flexibility.

The global legal and licensing expertise is evidenced by the successful monetization of the portfolio. The recent Samsung arbitration decision, which secured a multi-year renewal valued at over $131 million per year, is a prime example. Furthermore, recent licensing wins with companies like Oppo, Vivo, and Lenovo have increased InterDigital, Inc.'s share of the global smartphone market under license to roughly 80%. This team manages complex, multi-jurisdictional licensing programs, which is critical for realizing the value of their foundational patents.

• Wireless Lab Head re-elected to a chair position for 3GPP standards development.
• Acquisition of AI startup Deep Render completed in October 2025 to accelerate AI native video research.
• Legal team is actively pursuing multi-jurisdictional enforcement against Disney in the OTT market.

Finance: draft 13-week cash view by Friday.

InterDigital, Inc. (IDCC) - Canvas Business Model: Value Propositions

You're looking at the core value InterDigital, Inc. delivers to its customers-the device makers and service providers who need access to foundational technology without the headache of building it all themselves. It's about de-risking their product roadmap.

Essential technology for global wireless standards.

• InterDigital, Inc. engineers design and develop foundational technologies used in wireless products and networks, from early digital cellular systems up through 5G and advanced Wi-Fi technologies.
• The company actively contributes to the ongoing process of defining wireless and video standards, incorporating its inventions into those technology areas.
• InterDigital holds a worldwide patent portfolio comprising more than 33,000 assets, up from 19,000 prior.
• The company ranks 18th globally in patent filings at the European Patent Office.

Freedom to operate for device manufacturers.

Securing a license from InterDigital, Inc. is how manufacturers ensure they can legally sell their devices globally without facing costly infringement suits. This is validated by their customer base.

• InterDigital, Inc. has secured licensing agreements with eight of the top ten largest smartphone vendors as of late 2025.
• These agreements cover approximately 85% of the entire global smartphone market.
• The total contract value of licenses signed since 2021 is now more than $4 billion.

Here's a quick look at the financial scale of the licensing business that underpins this value proposition as of late 2025:

Reduced R&D costs for licensees.

Device makers avoid spending billions on fundamental research for standards like 5G or advanced video codecs because InterDigital, Inc. has already done that heavy lifting. They pay a licensing fee instead of funding internal R&D teams for these core technologies.

High-efficiency video coding (HEVC) and AI-driven video tech.

InterDigital, Inc.'s leadership in video compression, including HEVC, provides immediate value for high-quality streaming and device compatibility. They are also pushing the next frontier with AI.

• InterDigital, Inc.'s portfolio includes patents for HEVC, which maintained its position as the leading video codec for 4K and HDR in early 2025.
• The company is integrating AI into 6G and video technologies, enhancing its technological edge.
• Developments include MPEG-AI: Video Coding for Machines and Feature Coding for Machines, which focus on encoding only essential features for machine perception.
• The company is exploring innovations in point cloud and mesh compression for 3D video data.

Finance: draft 13-week cash view by Friday.

InterDigital, Inc. (IDCC) - Canvas Business Model: Customer Relationships

You're looking at how InterDigital, Inc. (IDCC) manages its most critical asset: its relationships with licensees, which are the bedrock of its IP-as-a-service business model. These aren't casual transactions; they are deep, often protracted engagements that drive the majority of the company's financial results.

Long-term, Multi-year, Fixed-fee Licensing Contracts

The core of the relationship structure involves securing long-term commitments that provide revenue visibility. The most significant recent example is the agreement with Samsung, which is an eight-year license lasting through February 19, 2030. This single deal is the largest license InterDigital, Inc. has ever signed, carrying a total contract value of more than $1 billion. Annually, this translates to approximately $131 million in payments, marking a substantial 67% increase compared to the prior agreement. The cumulative value of licenses InterDigital, Inc. has signed since 2021 now exceeds $4 billion. These agreements are structured to generate predictable, recurring income, as evidenced by the company's Annualized Recurring Revenue (ARR) hitting an all-time high of $553 million in the second quarter of 2025, a 44% increase year-over-year.

The scope of technology covered in these long-term relationships is extensive, encompassing foundational standards across multiple product categories. Here's a look at the technology portfolios underpinning these customer relationships:

• Wireless standards including 4G, 5G, and Wi-Fi.
• Video standards like High-Efficiency Video Coding (HEVC).
• Emerging technologies relevant to AI and next-generation connectivity.

Relationship Often Starts or Is Renewed Via Litigation/Arbitration

To be fair, the path to these lucrative, long-term contracts is frequently paved with legal action. The company's licensing momentum is heavily tied to the successful resolution of disputes. The landmark Samsung deal, for instance, was secured following a binding arbitration process, with the decision finalized in the third quarter of 2025. The financial impact was immediate: the award contributed $152 million of GAAP revenue in Q2 2025, which included $119 million in catch-up revenue to true up the prior 9 quarters from January 1, 2023, to March 31, 2025. This is not an isolated event; in the second quarter of 2024, favorable court rulings and enforcement against Lenovo helped generate $128 million in catch-up revenue. More recently, InterDigital, Inc. secured injunctions against Disney in both German and Brazilian courts for patent infringement, further reinforcing its negotiating leverage.

The reliance on enforcement actions to drive revenue milestones is a defining characteristic of the customer relationship cycle. Here is a snapshot of recent enforcement activities and their impact:

Non-exclusive, Royalty-bearing Agreements

The agreements are fundamentally non-exclusive and structured around royalties, which InterDigital, Inc. reports as ARR. The company has successfully expanded its coverage across key markets. For the smartphone segment, the company now has approximately 85% of the total global market under license. This focus is driving the smartphone program ARR toward its mid-term goal of $500 million by 2027, with Q3 2025 smartphone ARR already at $491 million. Beyond mobile, the company is expanding its reach; the new HP agreement drove Consumer Electronics (CE) and IoT program revenue to $65 million in Q2 2025, up 175% year-over-year, with over 50% of the PC market now under license.

Dedicated Legal and Licensing Teams Manage Negotiations

The complexity of these negotiations and enforcement actions requires specialized internal expertise. The company has reinforced its licensing leadership, appointing Julia Mattis as Chief Licensing Officer following her tenure on major deals like Apple and Samsung. This team manages the ongoing portfolio, which includes more than 33,000 patents covering mobile wireless, video, and AI standards. The success in Q2 2025, which saw GAAP revenue of $300.6 million, was directly attributed to the conclusion of the Samsung arbitration and the new HP license agreement. The company's ability to execute these deals is a testament to the focused efforts of its dedicated teams.

The executive team is clearly focused on translating IP strength into contractual certainty. Finance: draft 13-week cash view by Friday.

InterDigital, Inc. (IDCC) - Canvas Business Model: Channels

You're looking at how InterDigital, Inc. gets its patented technology into the hands of device makers and service providers; it's a mix of direct deals, legal enforcement, and standards leadership. Honestly, the numbers from late 2025 show this channel strategy is hitting an all-time high in terms of recurring revenue.

Direct licensing negotiations with manufacturers

Direct negotiation is the preferred route, but InterDigital, Inc. definitely uses legal action to drive deals when necessary. The total contract value of licenses signed since 2021 now stands at well over $4 billion.

The smartphone program is the engine here. Following recent agreements, InterDigital, Inc. now has approximately 80% of the global smartphone market under license, up from about 50% previously. In the third quarter of 2025, a new license with Honor, a top 10 Chinese vendor, was signed, adding $26 million to the projected Annualized Recurring Revenue (ARR).

Here's a quick look at the scale of recent negotiation successes:

• Smartphone program ARR in Q3 2025 reached $491 million, up 65% year-over-year.
• The mid-term goal for smartphone ARR by 2027 is $500 million.
• The company has agreements with 8 of the top 10 smartphone vendors as of Q3 2025.
• A major licensing agreement was signed with HP in Q1 2025 for the PC/IoT segment.

The company also closed renewals in Q3 2025 with Sharp and Seiko in the smartphone program, and with an EV charging company in the consumer electronics and IoT program.

Global legal and arbitration courts (e.g., German, US, UPC)

When bilateral talks stall, courts and arbitration become a key channel for securing fair royalty rates. The landmark Samsung smartphone arbitration was completed in Q3 2025. This resulted in an eight-year license lasting through February 19, 2030, valued at more than $1 billion in total payments, which equates to $131 million annually, a 67% increase over the previous contract.

The financial impact of this legal channel was immediate. The Q2 2025 GAAP revenue included a $119 million catch-up payment to true up royalties from January 1, 2023, to March 31, 2025, stemming from the Samsung award.

The enforcement channel also saw action against Disney. InterDigital, Inc. was awarded an injunction against Disney by a German court on November 24, 2025.

The following table summarizes key financial outcomes related to these enforcement channels through Q3 2025:

Standard-setting bodies for technology dissemination

Participation in standard-setting organizations (SDOs) is how InterDigital, Inc. ensures its R&D becomes the basis for industry standards, which then fuels the licensing channel. As of December 31, 2024, the patent portfolio held more than 33,000 patents and patent applications worldwide.

The success of this channel is reflected in the current run-rate business metrics. The company's ARR hit an all-time high in Q3 2025.

Here are the key ARR figures as of the third quarter of 2025:

• Total Annualized Recurring Revenue (ARR): $588 million, up 49% year-over-year.
• The company re-elected one of its senior wireless engineers to a chair position to lead next-generation wireless standards development, including 6G.
• The company intends to grow its portfolio by actively participating in SDOs.

Investor relations for financial communication

Investor Relations is the channel for communicating the results of the other three channels, which directly impacts valuation and capital structure decisions. The company raised its full-year 2025 revenue guidance by $110 million at the midpoint following the Samsung win.

The latest reported financial results for Q3 2025 demonstrate strong execution against that guidance. The company also increased its quarterly cash dividend by 17% to $0.70 per share in Q3 2025.

Financial highlights communicated to investors as of late 2025 include:

For capital management, InterDigital, Inc. returned more than $130 million to shareholders year-to-date Q3 2025, including $35 million in buybacks and $18 million in dividends during Q3 alone. As of June 30, 2025, the company reported $937 million in cash and short-term investments.

Investor Relations contacts are available at Tel: +1 302.300.1857 and Investor.Relations@InterDigital.com.

InterDigital, Inc. (IDCC) - Canvas Business Model: Customer Segments

You're looking at InterDigital, Inc. (IDCC) as of late 2025, and their customer base is a clear reflection of their patent licensing strategy: move beyond the core mobile phone giants into adjacent, high-growth connected device ecosystems. The focus is on securing licenses from the biggest players in each vertical to maximize the reach of their intellectual property portfolio, which covers wireless, video, and AI standards.

Major global smartphone vendors remain the bedrock, but the penetration rate is nearing saturation. As of the first quarter of 2025, InterDigital, Inc. had secured licensing agreements with seven of the ten largest smartphone vendors, covering nearly 80% of the global smartphone market. The smartphone segment revenue surged by 129% year-over-year in Q1 2025, hitting $184M for that quarter alone. This segment is crucial, but management has been clear that future outsized growth must come from elsewhere. The total contract value of licenses signed since 2021, which includes these major players, is now more than $4 billion.

The push into consumer electronics manufacturers is gaining traction, exemplified by the new license signed with HP, which extends coverage into the personal computer and broader consumer electronics market. This deal, alongside the Samsung TV agreement from January 2024, shows a deliberate expansion. For context on the scale of the video technology ecosystem InterDigital, Inc. serves, the entire streaming industry-subscription and advertising supported platforms, plus social media-is forecast to generate more than $400 billion in revenue in 2025.

The IoT and Automotive manufacturers segment is the key growth vector, though its revenue can be lumpy due to the timing of new deals. In the second quarter of 2025, revenue from the Consumer Electronics, IoT, and Automotive program saw massive momentum, rising 175% to $65.3 million. This segment is where InterDigital, Inc. is planting its flag for future 5G and emerging 6G applications beyond the handset.

While not explicitly detailed with specific licensee names like HP, the segment for cloud-based service providers is implicitly covered through their advanced video compression patents (like HEVC and VVC) that underpin streaming and gaming platforms. The company's innovation supports an industry expected to generate over $400 billion in revenue in 2025.

Here's a quick look at the segmental revenue momentum from the second quarter of 2025, which shows the impact of major arbitration wins:

You should note the volatility. While Q2 2025 saw the CE/IoT/Auto segment surge, the first quarter of 2025 showed a significant year-over-year decrease of 86% to $26.3M in that same category, illustrating that these non-smartphone segments are still subject to the timing of large, non-recurring catch-up payments. The company's Annualized Recurring Revenue (ARR) hit an all-time high of $588 million in Q3 2025, up 49% year-over-year, which is the best indicator of the stability across all these customer types.

• Secured license coverage for over half of the global PC market following the HP deal.
• The largest license ever signed, with Samsung, is worth more than $1 billion over eight years.
• InterDigital, Inc. holds a portfolio of more than 33,000 patents.
• Seven license agreements scheduled to expire at the end of 2025 accounted for approximately 22% of recurring revenues in 2024.

Finance: draft 13-week cash view by Friday.

InterDigital, Inc. (IDCC) - Canvas Business Model: Cost Structure

You're looking at the cost side of InterDigital, Inc. (IDCC)'s business, and honestly, it's dominated by intellectual property creation and defense, not manufacturing. This is a high-fixed-cost, low-variable-cost model, which is why the margins look so good when a deal closes.

The single biggest cost driver is the investment in future technology. This is the high fixed cost of R&D and patent maintenance. For the second quarter of 2025, InterDigital, Inc. spent $53.7 million specifically on research and patent portfolio maintenance to support its push into next-generation standards like 6G and advanced AI video coding. This spending is necessary to keep the patent portfolio, which contained over 30,000 granted patents and applications as of early 2024, relevant and valuable.

Next up, you have the costs associated with keeping that IP protected and monetized. Significant legal and litigation expenses for enforcement are a necessary evil. InterDigital, Inc. has shown a willingness to pursue this, for example, by filing enforcement actions against The Walt Disney Company, including Disney+, Hulu, and ESPN+, early in 2025. The company noted in its 2023 report that the cost of enforcing and defending its intellectual property, particularly outside counsel fees, has been and may continue to be significant.

The personnel costs for specialized engineers and legal staff form the core of the operating expenses. For the full year ended December 31, 2024, total GAAP Operating Expenses were $429.0 million. Personnel costs historically represent the largest portion of this operating expense base. To give you a sense of the scale, InterDigital, Inc. operates with fewer than 450 employees, yet generated over $2 million in revenue per head based on 2024 figures.

The variable cost component is minimal, which is the magic of this IP licensing model. This results in a very low Cost of Goods Sold (COGS). Because the costs are largely fixed (R&D, personnel, legal defense), most of the revenue flows straight to the bottom line once licenses are secured. This yields an exceptionally high gross margin. For the quarter ended September 2025, the gross margin was reported at 88.03%, a figure that confirms the low COGS structure. The full-year 2024 gross margin was 80.51%.

Here's a quick look at the cost breakdown for the third quarter of 2025, showing just how small the COGS component is relative to revenue:

The high gross margin is a direct result of the minimal COGS, which is primarily composed of costs directly tied to revenue recognition, not the creation of the IP itself. The structure relies on keeping the fixed costs-R&D and legal-under control relative to the massive, recurring revenue streams from licensing agreements.

You can see the fixed cost allocation in the operating expenses, which include the personnel and R&D mentioned above. The key cost elements that you need to track are:

• R&D investment for future standards like 6G.
• Legal fees for patent enforcement actions.
• Salaries for specialized engineers and legal counsel.
• Amortization of debt issuance costs, which was $1.2 million remaining as of early 2024.

Finance: draft 13-week cash view by Friday.

InterDigital, Inc. (IDCC) - Canvas Business Model: Revenue Streams

You're looking at the core of how InterDigital, Inc. (IDCC) brings in cash, and it's all about intellectual property licensing. Honestly, the business model leans heavily on securing large, predictable income streams. The majority of InterDigital, Inc. (IDCC)'s revenue comes from fixed-fee patent license agreements. This provides a solid, recurring base. Still, there's a smaller, but important, component from variable royalty agreements based on product sales, which ties some income directly to the success of licensees' product volumes.

Here's a quick look at the key financial figures we're seeing for the business as of late 2025, based on recent guidance and reported quarterly results. This gives you a clear snapshot of the expected annual run-rate and the current recurring base.

That $588 million in Annualized Recurring Revenue (ARR) reported in Q3 2025 is defintely the number that shows the health of the core business, representing a 49% jump year-over-year. It's the predictable cash flow you want to see. This ARR is heavily weighted toward the mobile sector, which is where InterDigital, Inc. (IDCC) has its deepest patent moat.

You can see the breakdown of that recurring revenue base:

• Smartphone Program ARR reached $491 million in Q3 2025.
• This smartphone figure is nearing the mid-term goal of $500 million targeted for 2027.
• Consumer Electronics and IoT (CE/IoT) ARR contributed $97 million in Q3 2025.
• Management expects to more than double the CE/IoT ARR figure by 2030.

The growth in the recurring base is directly tied to successful negotiations. For instance, the aggregate contract value for licenses signed since 2021 now exceeds $4 billion. A major driver of this was the recent arbitration completion with Samsung, which alone is worth more than $1 billion in total contract value over eight years. Plus, InterDigital, Inc. (IDCC) now has eight of the top ten smartphone vendors under license, covering approximately 85% of the entire global smartphone market as of the Q3 2025 reporting period.