Adeia

What Adeia does

Adeia Inc. (NASDAQ: ADEA) is a publicly traded pure-play intellectual property licensing company headquartered in San Jose, California, that was spun off from Xperi Holding Corporation in October 2022 and builds on roughly 30 years of predecessor R&D. The company develops and licenses two principal technology platforms. The Media IP portfolio covers streaming, content discovery, search, recommendations, DVR, VOD, OTT, multi-screen, personalization, data analytics, and advertising, including innovations such as Graceful Variation for adaptive bitrate streaming, Clickable Video for shoppable media, Real-Time Object Replacement for live commerce, Virtual Try-On, and biometric payment/formation-intelligence research. The Semiconductor IP portfolio is centered on hybrid bonding technology, with DBI Wafer-to-Wafer enabling room-temperature fine-pitch 3D interconnect for image sensors, DRAM, MEMS, RF, and 3D NAND, and DBI Ultra Die-to-Wafer/Die-to-Die scaling to 1 \u00b5m pitch to support HBM stacks of 4 to 16 high for AI accelerators and HPC, complemented by the RapidCool direct-to-chip cooling platform.

Adeia monetizes exclusively through multi-year, confidential IP licensing agreements with enterprise counterparties across four verticals: media and entertainment (Google, Disney, Microsoft, Comcast, Altice, Roku), semiconductor manufacturers (AMD, UMC, Micron, SK Hynix, Kioxia, Western Digital, Samsung, Intel, with NVIDIA and Broadcom engaged via the TSMC 3DFabric chiplet ecosystem), consumer electronics (Samsung, Sony, Roku), and an emerging consumer engagement and commerce segment exemplified by the L'Or\u00e9al license. Revenue is generated through royalty-bearing licensing and via litigation settlements that convert into long-term agreements (e.g., AMD). The model is asset-light and high-margin, with FY2025 revenue of approximately $443.4M, 60%+ EBITDA margins, over 13,750 patent assets, and 145+ active licensing agreements; management has guided FY2026 to $395M-$435M and is targeting $100M of recurring semiconductor revenue from a $26M FY2025 base.

The go-to-market is a direct enterprise sales motion led by a licensing and business development team, supported by thought-leadership participation at industry conferences (ECTC, IPBC Global, Flash Memory Summit, Streaming Media NYC), an active research-publication cadence at IEEE, and content marketing. Leadership comprises CEO Paul Davis, CTO Serhad Doken, CLO Kevin Tanji, CRO Dr. Mark Kokes, CSO Bill Thomas, and Chief Semiconductor Officer Craig Mitchell, with R&D sites in San Jose and Morrisville (North Carolina) and offices in Burbank.

Name

Adeia

Legal name

Adeia Inc.

Website

https://adeia.com

Company type

Public

Founded year

2022

Operating status

Operating

Headcount range

101–250 employees

Short description

Adeia is a public pure-play IP licensing company that develops and licenses media (streaming, content discovery, personalization) and semiconductor (hybrid bonding, advanced packaging, thermal management) patent portfolios to global technology, media, semiconductor, and consumer electronics enterprises under multi-year agreements.

Ownership category

akta.pro rank

Product category

Intellectual Property Licensing

NAICS

Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) (533), Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) (533110)

SIC

Patent Owners & Lessors (6794)

akta.pro primary industry

IP Licensing, Transactions & Technology Transfer (BPAHAMAF)

Keywords

• Semiconductor IP licensing
• Media IP licensing
• Hybrid bonding technology
• Patent licensing services
• Intellectual property licensing

Headquarters

HQ city

San Jose

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Semiconductor IP Licensing: Licensing of semiconductor intellectual property including hybrid bonding technologies, 3D integration solutions, and chip packaging innovations. Revenue generated through multi-year licensing agreements with semiconductor manufacturers. Target of $100 million in annual semiconductor revenue.
2. Media IP Licensing: Licensing of media entertainment patents covering streaming, content delivery, digital TV, pay-TV, OTT, multi-screen, personalization, and content discovery technologies. Revenue from multi-year agreements with media companies, streaming services, and pay-TV operators.
3. Litigation Settlements: One-time settlements from patent infringement litigation converted into multi-year licensing agreements, such as the AMD settlement in 2026.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Adeia is a pure-play intellectual property licensing company that develops and licenses foundational innovations across two verticals: media/entertainment (streaming, content discovery, DVR, VOD, OTT, multi-screen, personalization, advertising) and semiconductors (hybrid bonding, 3D chip integration, advanced packaging, thermal management). The company monetizes a portfolio of over 13,750 patent assets through multi-year licensing agreements with enterprise customers including AMD, Google, Microsoft, Disney, Samsung, Sony, Micron, and SK Hynix. Revenue is generated through licensing royalties and litigation settlements converted to licensing agreements.

Product overview

Adeia is a leading R&D company that operates as a pure-play intellectual property licensing platform with over 13,750 patent assets and 145+ licensing agreements. The company develops and licenses foundational innovations across two core areas: Media IP Licensing (covering streaming, content discovery, recommendations, personalization, advertising, and digital entertainment technologies) and Semiconductor IP Licensing (covering hybrid bonding technologies including DBI Wafer-to-Wafer and DBI Ultra Die-to-Wafer for chip packaging, plus RapidCool thermal management). The company's innovations enable and shape digital entertainment, electronics, and high-performance computing across media and semiconductor industries. Adeia's customers include major technology companies, semiconductor manufacturers, streaming services, and consumer electronics makers.

Differentiator

Problem solved

Functional benefit

Brands

• DBI Wafer-to-Wafer Hybrid Bonding: Low temperature hybrid direct bonding technology for wafer-to-wafer bonding with exceptionally fine pitch 3D electrical interconnect
• DBI Ultra Die-to-Wafer Hybrid Bonding
• RapidCool

Products and services

• Media IP Licensing Portfolio A comprehensive portfolio of foundational media intellectual property covering streaming, content discovery, search, recommendations, DVR, VOD, multi-screen, personalization, data analytics, advertising, imaging, and high-performance computing. Licensed to MVPDs, OTT streaming providers, social media platforms, content companies, and consumer electronics makers embedding these capabilities into their products and services.
• Semiconductor IP Licensing Portfolio Intellectual property portfolio covering hybrid bonding, advanced packaging, and semiconductor technologies for AI accelerators, HPC, 3D NAND, HBM memory, chiplet architectures, and thermal management solutions. Licensed to semiconductor manufacturers, foundries, and memory makers to enable next-generation chip packaging and 3D integration.

Quantifiable outcome

• Q1 2026 revenue of $104.8 million, up 19.5% YoY
• +4 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability16 records

Feature9 records

Partnerships

15 partnerships are on record, tiered core, adjacent and minor.

• GooglecoreOEM/ Whitelabel/ Licensing Partner · 12 May 2026Multi-year IP license agreement renewal providing broad access to Adeia's media IP portfolio including innovations embedded in billions of devices worldwide for streaming, connected TV, and digital entertainment platforms. Customer relationship since 2012.
• United Microelectronics Corporation (UMC)coreOEM/ Whitelabel/ Licensing Partner · 11 March 2026Expanded licensing agreement covering hybrid bonding technologies and future generations of 3D integration and advanced packaging solutions to meet growing demand for chiplet architectures driven by AI and other applications.
• AMDcoreOEM/ Whitelabel/ Licensing Partner · 9 March 2026Multi-year intellectual property license agreement providing AMD access to Adeia's semiconductor IP portfolio covering hybrid bonding, packaging, and processing technologies. The agreement resolves all previously disclosed litigation between the two companies and enables future collaborations in advanced semiconductor technologies. AMD generates $26 million in revenue for Adeia annually with target of $100 million.
• MicrosoftcoreOEM/ Whitelabel/ Licensing Partner · 1 January 2026Multi-year media portfolio access agreement signed early 2026 as part of Adeia's diversification beyond traditional pay-TV markets into media technology sectors.
• L'OréaladjacentOEM/ Whitelabel/ Licensing Partner · 1 January 2026Multi-year license agreement granting L'Oréal access to Adeia's media intellectual property portfolio. Extends Adeia's customer footprint into digital commerce and consumer engagement verticals.
• The Walt Disney CompanycoreOEM/ Whitelabel/ Licensing Partner · 22 December 2025Long-term media IP license agreement granting Disney access to Adeia's media IP portfolio covering streaming and content delivery technologies. The agreement resolves all outstanding litigation between the companies.
• KioxiacoreOEM/ Whitelabel/ Licensing PartnerLicensed hybrid bonding technology for 3D NAND applications. Kioxia is already shipping products incorporating Adeia's DBI technology.
• Western DigitalcoreOEM/ Whitelabel/ Licensing PartnerLicensed hybrid bonding technology for memory products. Western Digital is shipping products incorporating Adeia's hybrid bonding technology.
• IntelcoreOEM/ Whitelabel/ Licensing PartnerIntel's Foveros Direct for Xeon CPUs utilizes hybrid bonding technology. Adeia is recognized as a technology provider for advanced packaging.
• SamsungcoreOEM/ Whitelabel/ Licensing PartnerSamsung developing X-Cube 3D IC technology utilizing hybrid bonding for advanced semiconductor applications.
• NVIDIAcoreOEM/ Whitelabel/ Licensing PartnerDeveloping chiplet architectures utilizing hybrid bonding technology through TSMC's 3DFabric ecosystem. NVIDIA represents target customer for semiconductor IP licensing.
• BroadcomcoreOEM/ Whitelabel/ Licensing PartnerDeveloping chiplet architectures utilizing hybrid bonding technology through TSMC's 3DFabric ecosystem. Broadcom represents target customer for semiconductor IP licensing.
• Parks AssociatesminorStrategic or Co-development PartnerProduced S.O.S. State of Streaming report in partnership with Adeia, exploring consumer behaviors and technology advancements in home entertainment experience.
• BroadpeakminorStrategic or Co-development PartnerCo-producing research on streaming industry trends and future of video technologies.
• Metaverse Standards Forum (MSF)minorStrategic or Co-development PartnerAdeia is heavily involved with MSF Labs Initiative providing empirical evidence for L4S (Low Latency, Low Loss, Scalable Throughput) protocol benefits for immersive applications.

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• InterDigital: Pure-play IP licensing company monetizing a portfolio of wireless, video, and multimedia patents through licensing agreements with device makers, telecom operators, and chip manufacturers — directly comparable business model to Adeia's media IP licensing book.
• Dolby Laboratories: Licenses foundational audio and imaging technology patents to device makers, streaming services, and content creators. Similar capital-light IP licensing model with embedded customer base across entertainment, broadcasting, and consumer electronics, comparable to Adeia's media IP portfolio.
• Acacia Research: Acquires, develops, and licenses patented technologies across multiple industries. Shares Adeia's patent assertion + licensing model and customer types (operating companies across media, semiconductors, telecom), though more diversified by acquisition.
• Quarterhill (formerly Wi-LAN): Patent licensing and intellectual property investment firm that licenses patents in communications, semiconductors, and consumer electronics. Closely comparable to Adeia in business model (assertion + licensing) and target verticals.
• Via Licensing Alliance: Administers patent pools for standards-essential and other technology patents across audio, video, wireless, and broadcast domains. Directly comparable mechanism for monetizing shared patent rights with media and telecom licensees.
• MPEG LA: Licenses patent pools covering standards-essential technologies used in digital video, audio, and broadcast — overlapping end markets (streaming, OTT, broadcast) and licensing approach (pool-based royalties) with Adeia's media IP licensing business.

Broad incumbents

• ARM Holdings: Dominant semiconductor IP licensor with a vastly larger portfolio and broader footprint; relevant comparable for Adeia's emerging semiconductor IP business (hybrid bonding, advanced packaging) targeting the same fabless and foundry customers.

Emerging players

• CEVA, Inc. Licenses signal processing, AI processor, and connectivity IP to semiconductor and device OEMs. Comparable as a semiconductor IP licensor serving similar end markets (mobile, IoT, AI edge) though narrower in scope than Adeia's hybrid bonding focus.
• Imagination Technologies: Licenses GPU, AI, and connectivity IP to chipmakers, overlapping with Adeia's semiconductor IP licensing motion in serving foundries, fabless designers, and consumer electronics makers.
• VirnetX Holding: Pure-play patent licensing company focused on secure communications and networking IP, licensing to device makers and operating system vendors. Comparable smaller-scale IP licensing peer that monetizes patent portfolios through enforcement and licensing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks2 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCqjlb6OQDnRLgWx1HriPh1w
• LinkedInlinkedin.com/company/adeia-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Adeia