Adeia Inc. - ADEA STOCK NEWS

Adeia Inc. (Nasdaq: ADEA) celebrates Dr. Belgacem Haba, a pioneering semiconductor technology innovator, for receiving his 600th issued U.S. patent. Dr. Haba's groundbreaking inventions have significantly shaped the semiconductor industry, particularly in microelectronics packaging and integration technologies. With over 350 pending worldwide patent applications, his contributions continue to grow.

Dr. Haba's work at Adeia and its predecessor companies has resulted in nearly 1,000 granted worldwide patents. His innovations address critical challenges in semiconductor packaging, thermal management, and 3D integration, extending and redefining Moore's Law. Adeia's chief licensing officer, Dana Escobar, praised Dr. Haba's comprehensive approach to semiconductor innovation and his dedication to mentoring future generations of innovators.

With a Ph.D. in materials science and engineering from Stanford University and extensive experience in the industry, Dr. Haba's multidisciplinary background has enabled him to make significant contributions to the field of semiconductor technology.

Adeia Inc. (Nasdaq: ADEA) has received rulings from the Canadian Court of Appeals on its appeals in the Videotron and Bell/Telus cases. While the Court upheld the lower court's invalidity findings for the patents in question, it agreed with Adeia on several key issues. The Court found errors in the lower court's analysis of royalty-based damages, accounting of profits, and injunctions, which supports patent rights and the licensing environment in Canada.

These favorable rulings are expected to benefit Adeia in its second phase of cases against Videotron and Bell, scheduled for trial in 2025, and in its overall licensing efforts in Canada. The company remains committed to protecting its intellectual property and seeking market-based licenses with Canadian Pay-TV operators. Adeia's management emphasized that these decisions do not affect their 2024 guidance and they continue to see significant opportunities in Canada.

Adeia (NASDAQ: ADEA), a multimedia technology innovator, will present a groundbreaking solution for copyright and attribution in AI-generated images at IEEE MIPR 2024. Dr. Ning Xu will deliver an invited paper on automatic visual citation for text-to-image generation, addressing the need for attribution and transparency in AI-generated content.

The technology efficiently identifies elements potentially derived from existing artwork, enabling the creation of copyright-compliant AI-generated images. This approach ensures proper attribution and respects intellectual property rights. The presentation will take place at the 7th IEEE International Conference on Multimedia Information Processing and Retrieval in San Jose, California, from August 7-9, 2024.

Adeia Inc. (Nasdaq: ADEA) reported Q2 2024 financial results with revenue of $87.4 million, in line with expectations. The company generated over $90 million in cash from operations in the first half of 2024. Key highlights include:

- Signed 5 deals across diverse end markets
- GAAP diluted EPS of $0.07 and non-GAAP diluted EPS of $0.28
- GAAP net income of $8.4 million and adjusted EBITDA of $52.8 million
- Repriced term loan for annual interest expense savings of ~$3 million
- Distributed quarterly cash dividend of $0.05 per share

Adeia reiterated its full-year 2024 revenue outlook of $380.0 - $420.0 million and updated its financial outlook to reflect lower operating expenses and interest expense.

Adeia Inc. (Nasdaq: ADEA) has entered into a long-term hybrid bonding license agreement with Hamamatsu Photonics K.K., a leader in optical sensors and systems. The new license covers Adeia's semiconductor intellectual property portfolio for die-to-wafer hybrid bonding, complementing Hamamatsu's existing licenses for DBI® wafer-to-wafer hybrid bonding and ZiBond® wafer-to-wafer direct bonding technologies.

This agreement follows a prior development license that included a DBI Ultra® die-to-wafer hybrid bonding technology transfer. Hamamatsu plans to deploy these technologies in various semiconductor devices, including image sensors, photonics, and MEMS products. The partnership aims to expand the applicability of Adeia's hybrid bonding solutions to a wider range of optical sensors and diverse applications.

Adeia Inc. (Nasdaq: ADEA) has announced it will release its second quarter 2024 financial results on Tuesday, August 6, 2024, after market close. The company will host an earnings conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. U.S. callers can dial +1 (888) 660-6411, while international callers should use +1 (929) 203-0849. Participants are advised to dial in 15 minutes before the call starts.

A webcast link for the call will be available, and a replay can be accessed until August 5, 2025. A telephonic replay will also be available through August 13, 2024, by dialing +1 (609) 800-9909 with playback ID# 6089024.

Adeia (Nasdaq: ADEA) received the Best Session Paper award at the 2024 Electronic Components and Technology Conference (ECTC) held in Denver, Colorado. The paper, authored by Dr. Thomas Workman, focuses on 'Fine Pitch Die-to-Wafer Hybrid Bonding,' a technology important for high-volume semiconductor manufacturing.

Hybrid bonding is rapidly gaining traction in advanced 2.5 and 3D packaging, enhancing performance and scalability by integrating multiple semiconductor components. This technology enables higher interconnect density, improving bandwidth and reducing latency, while maintaining efficiency and thermal limits.

Dr. Workman emphasized that hybrid bonding represents a significant advancement in semiconductor technology. It offers better performance per watt, and the paper provides practical guidance for its implementation. As the technology evolves, it is expected to be widely adopted in various manufacturing applications.

Adeia has announced a long-term renewal agreement with Liberty Global for its media intellectual property (IP) portfolio. Liberty Global, a leader in converged broadband, video, and mobile communications, remains the top pay-TV subscriber in Europe, with 18 million customers projected for 2023. The renewal covers Liberty Global's network service provider operations, including mobile, broadband, and pay-TV services. Adeia aims to enhance the European video services market through continuous innovations in customer experience technologies such as next-generation discovery, search, and targeted advertising. This renewal underscores the significance of Adeia’s media IP portfolio in providing personalized media experiences.

Adeia has entered into a multi-year intellectual property (IP) license agreement with X Corp, the owner of the social media platform formerly known as Twitter. Announced on July 1, 2024, this agreement resolves all existing litigation between the two companies. Kevin Tanji, Adeia's chief legal officer, highlighted that this agreement enhances their IP licensing business. Adeia's proprietary innovations are pivotal in advancing digital experiences for both consumer and enterprise applications, shaping the way millions engage with entertainment and enhancing billions of devices globally.