Adeia Signs Long-Term Semiconductor Patent License Agreement with Western Digital

Rhea-AI Summary

Adeia Inc. (Nasdaq: ADEA) announced a long-term licensing agreement with Western Digital (Nasdaq: WDC) for its semiconductor patent portfolio, particularly focusing on hybrid bonding technologies. This partnership underscores Adeia's significant role in the semiconductor industry, where it continues to innovate and develop foundational technologies over the past 30 years. With a robust portfolio covering semiconductor packaging and processing, Adeia aims to enhance data storage solutions, reflecting its commitment to advancing industry standards. This agreement highlights the enduring value of Adeia’s intellectual property within a vital sector.

Positive

• Long-term licensing agreement with Western Digital may provide stable revenue growth.
• Demonstrates Adeia's strong intellectual property portfolio and relevance in the semiconductor industry.
• Partnership with a leader in data storage solutions could enhance Adeia’s market positioning.

Negative

• None.

Agreement includes a license to Adeia’s Hybrid Bonding Portfolio

SAN JOSE, Calif., March 28, 2023 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) ("Adeia" or the "Company"), the company whose patented innovations enhance billions of devices, today announced that Western Digital (Nasdaq: WDC), a global leader in data storage solutions, entered into a long-term agreement to license Adeia’s semiconductor patent portfolio, including those relating to hybrid bonding.

“Western Digital continues to be a leader in the industries it serves with next-generation 3D NAND memory and storage solutions,” said Dana Escobar, chief licensing officer and general manager, semiconductor, at Adeia. “This agreement demonstrates the long-term value proposition offered by Adeia’s intellectual property portfolio to this vital sector of the semiconductor industry.”

Adeia has pioneered fundamental advances in the semiconductor industry over the past 30 years. With a large and growing portfolio of intellectual property covering hybrid bonding, semiconductor packaging, and semiconductor processing technologies, Adeia licenses and partners with leading semiconductor companies around the world.

About Adeia

Adeia invents, develops and licenses fundamental innovations that shape the way millions of people explore and experience entertainment in an increasingly connected world. From TVs to smartphones, and across all types of entertainment experiences, Adeia’s technologies allow users to manage content and connections in a way that is smart, immersive and personal. For more information, please visit www.adeia.com.

For Information Contact:
Investor Relations
Idalia Rodriguez
Ned Mitchell
Arbor Advisory Group
IR@adeia.com

Media Relations
Stephanie Stocker
marketing@adeia.com

FAQ

What is the recent agreement between Adeia and Western Digital?

Adeia entered into a long-term licensing agreement with Western Digital for its semiconductor patent portfolio, focusing on hybrid bonding.

How does the licensing agreement affect Adeia's stock?

The agreement may positively impact Adeia's stock by providing stable revenue and enhancing its market positioning.

What technologies are included in Adeia's licensing agreement?

The agreement primarily includes Adeia's semiconductor patents related to hybrid bonding.

What is the significance of this agreement for Adeia?

This agreement underscores Adeia's important role in advancing semiconductor technologies and reinforces its intellectual property value.