Unknown Analyst

Good afternoon, everyone. Thank you for joining us. On my left, we have Liren Chen, the CEO and President of InterDigital, and also Rich Brezski, the CFO. Thank you so much, guys, for making the time. It is not every day that you get to spend time with the company that literally touches every single aspect of our day to day. So it's especially exciting to have you guys. I know this is your first appearance at the JPMorgan TMC conference. So welcome.

Unknown Analyst

Because it is your first time, let us get started by giving us an overview of the business, what exactly does InterDigital do? Who are your top customers, the geographic reach, things like that, just get us started on that.

Lawrence Chen
President, CEO & Director

Yes. Good afternoon, actually. Thank you for having us. And my name is Liren Chen, CEO for the company. And I joined the company 5 years ago, but InterDigital as a company was founded in 1972. So we are a company of 54 years old, and we focus on foundational research in wireless, video, video compression and artificial intelligence, foundational research. Over the multiple decades, we built some of the most important innovations that benefit the whole industry. But equally important, we built one of the largest and most valuable patent portfolio in the world. And then we share the technology primarily through open standard. We have our engineers participating and over time leading some of the most important standard creation that by participating and leading the standard process, we have some of our patent technology that's adopted to be part of the standard process