Xperi and Micron Enter Into License Agreement for Hybrid Bonding

Rhea-AI Summary

Xperi Holding Corporation (NASDAQ: XPER) announced a multi-year partnership with Micron Technology Inc. to enhance next-generation memory devices using Adeia's hybrid bonding intellectual property (IP). This agreement supports advancements in 3D technologies within the semiconductor industry, a sector where Adeia has notable expertise and a robust portfolio built over 30 years. CEO Jon Kirchner expressed enthusiasm for deepening their collaboration with Micron and reinforcing their leadership in hybrid bonding capabilities.

Positive

• New multi-year agreement with Micron Technology enhances XPER's position in the semiconductor IP market.
• Access to hybrid bonding technology may improve functionality of next-gen memory devices.

Negative

• None.

Xperi’s IP Licensing Business Deepens Its Presence in Memory Market

SAN JOSE, Calif.--(BUSINESS WIRE)-- Adeia, the newly launched brand for the IP Licensing business of Xperi Holding Corporation (NASDAQ: XPER) (“Xperi”), today announced that Xperi Corporation entered into a new, multi-year agreement with Micron Technology Inc. (“Micron”), a world leader in innovative memory solutions that transform how the world uses information. Micron now has access to Adeia’s hybrid bonding IP to enhance next generation memory devices.

“We are thrilled to extend our relationship with Micron, providing access to our broad semiconductor intellectual property portfolio, including our foundational hybrid bonding innovations,” said Jon Kirchner, CEO, Xperi. “As the industry continues to shift toward advanced 3D technologies and architectures to scale performance and functionality, we remain well-positioned as a recognized leader in hybrid bonding.”

Adeia has pioneered fundamental advances in the semiconductor industry over the last 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 and enhance billions of devices in an increasingly connected world. From TVs to smartphones, in almost any place, and across all types of entertainment experiences, from Pay-TV to OTT, Adeia’s technologies allow users to manage content and connections in a way that is smart, immersive and personal. For more information, please visit adeia.com.

About Xperi Holding Corporation

Xperi invents, develops, and delivers technologies that enable extraordinary experiences. Xperi technologies, delivered via its brands (Adeia, DTS, HD Radio, IMAX Enhanced, TiVo), and by its startup, Perceive, make entertainment more entertaining, and smart devices smarter. Xperi technologies are integrated into billions of consumer devices, media platforms, and semiconductors worldwide, driving increased value for partners, customers and consumers.

Xperi, Adeia, DTS, IMAX Enhanced, HD Radio, Perceive, TiVo and their respective logos are trademarks or registered trademarks of affiliated companies of Xperi Holding Corporation in the United States and other countries. All other company, brand and product names may be trademarks or registered trademarks of their respective companies.

Source: Xperi Holding Corp
XPER – I

View source version on businesswire.com: https://www.businesswire.com/news/home/20220222006259/en/

Xperi Investors:

Geri Weinfeld, Vice President Investor Relations

+1 818-436-1231

geri.weinfeld@xperi.com

Xperi Media:

Amy Brennan, Senior Director, Corporate Communications

+1 949-518-6846

amy.brennan@xperi.com

Adeia Media:

Cait Córdova, CCgroup, on behalf of Adeia

+44 7471904462

cait.cordova@ccgrouppr.com

Source: Xperi Holding Corp

FAQ

What is the new agreement XPER has entered into?

XPER has entered a multi-year agreement with Micron Technology to provide access to Adeia's hybrid bonding IP for next-generation memory devices.

What does the partnership with Micron mean for XPER?

The partnership allows XPER to expand its reach in the semiconductor market and leverage its technology in advanced memory solutions.

How does Adeia's technology benefit Micron?

Adeia's hybrid bonding technology is designed to enhance the performance and functionality of future memory devices developed by Micron.

When was the agreement with Micron announced?

The agreement was announced on February 22, 2022.

What is the stock symbol for Xperi Holding Corporation?

The stock symbol for Xperi Holding Corporation is XPER.