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Adeia's stock price increased after reaching a licensing agreement with AMD
Investing.com – Adeia Inc. (NASDAQ: ADEA) stock jumped 5.7% on Monday after the company announced a multi-year licensing agreement with U.S. microprocessor company AMD, allowing AMD to use its semiconductor intellectual property portfolio.
The agreement also resolves all pending lawsuits between the two companies. Financial terms of the agreement were not disclosed.
Adeia CEO Paul E. Davis commented, “We are pleased to reach this agreement with AMD, a global leader in high-performance computing and advanced semiconductor solutions. Resolving our disputes allows both companies to move forward and creates opportunities to explore future collaborations in advanced semiconductor technology.”
Adeia’s intellectual property portfolio covers hybrid bonding, semiconductor packaging, and semiconductor processing technologies. The company has developed semiconductor innovation technologies over the past 30 years and licenses its technologies to semiconductor companies worldwide.
The agreement grants AMD the right to use Adeia’s comprehensive semiconductor intellectual property portfolio. Adeia is a technology company that develops solutions for the semiconductor and media industries.
This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.