This podcast episode explores the history and role of InterDigital, a company with decades of experience in wireless communication technology and patents. It discusses InterDigital's patent portfolio, its involvement in developing secure communication systems, and its transition to standards-based technology. The episode highlights InterDigital's business model of developing technologies, securing patents, and licensing them to device manufacturers. It also discusses the company's journey from being viewed negatively as a patent troll to being recognized as an innovator. The revenue streams, margin profile, and potential for growth of InterDigital are analyzed. The episode emphasizes the importance of patent enforcement and fair compensation, as well as the risks and potential global changes in patent protection. Overall, InterDigital is portrayed as a highly profitable company with a strong focus on innovation and technological advancement.