InterDigital Bags Grant For 5 Horizon Europe 6G Flagship Projects - InterDigital (NASDAQ:IDCC)

InterDigital, Inc IDCC, a mobile and video technology research and development company, won funding to support five Horizon Europe 6G Flagship research projects.
Specifically, the five flagship projects include 6G-XR, CENTRIC, PREDICT-6G, 6G-BRICKS, and 6G-SHINE, each uniquely dedicated to enabling revolutionary technology advancement and experimental infrastructures in 6G.
The flagship projects are part of a portfolio of 35 research, innovation, and trial projects curated by the EU's Smart Networks and Services Joint Undertaking (SNS JU) to enable the evolution of 5G ecosystems and promote 6G research in Europe.
The program has allocated upwards of €250 million to fund the 6G flagship projects portfolio.
Chief Technology Officer Rajesh Pankaj said, "These awards demonstrate InterDigital's continuous contributions to the European wireless research and innovation ecosystem as we build upon a strong record of engagement in the Horizon 2020 5G public-private partnership program."
Price Action: IDCC shares traded lower by 0.35% at $48.15 on the last check Monday.