Adeia Inc. Enters Multi-Year License Agreement with AMD

By Chris Stiles • Monday, March 09 09:44 • Permanent Link

Adeia Inc. (Nasdaq: ADEA) has entered into a multi-year license agreement with Advanced Micro Devices (AMD) for access to Adeia’s comprehensive semiconductor intellectual property (IP) portfolio. This agreement also marks the resolution of all outstanding litigation between the two companies.

Adeia, known for developing foundational innovations enabling next-generation solutions for the semiconductor and media industries, has been at the forefront of pioneering advances in the semiconductor industry for the last 30 years. The company holds a large and growing portfolio of intellectual property covering hybrid bonding, semiconductor packaging, and semiconductor processing technologies, and it licenses and partners with leading semiconductor companies worldwide.

The press release did not provide specific financial metrics or changes in the company's performance since the last reporting period. Today the company's shares have moved 1.28% to a price of $19.415. For more information, read the company's full 8-K submission here.

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