Adeia Inc. Secures Long-Term Hybrid Bonding License Agreement with Hamamatsu Photonics

Adeia Enters into Long-Term Hybrid Bonding License Agreement with Hamamatsu Photonics

Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations enable high performance computing, edge sensing and AI solutions, today announced that Hamamatsu Photonics K.K., a pioneer in optical sensors, light sources and systems, has signed a new license for Adeia's semiconductor intellectual property (IP) portfolio covering die-to-wafer hybrid bonding. This new license supplements Hamamatsu's existing license to Adeia's DBI wafer-to-wafer hybrid bonding and ZiBondwafer-to-wafer direct bonding technologies and follows from a prior development license between the parties that included a DBI Ultra die-to-wafer hybrid bonding technology transfer. "DBI, DBI Ultra and ZiBond technologies are currently being deployed in leading edge image sensor, photonics and MEMS products, and we look forward to expanding their applicability further in our various semiconductor devices," said Takayuki Suzuki, Division Director, Solid State Division of Hamamatsu Photonics K.K. "Our partnership with Hamamatsu, a global leader in optical sensors and systems, allows us to further expand the applicability of our hybrid bonding solutions to a wider range of optical sensors," said Dana Escobar, chief licensing officer and general manager, semiconductor, at Adeia. "We look forward to working together to proliferate these technologies in more diverse applications." 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 is a leading R&D and intellectual property (IP) licensing company that accelerates the adoption of innovative technologies in the media and semiconductor industries. Adeia's fundamental innovations underpin technology solutions that are shaping and elevating the future of digital entertainment and electronics. Adeia's IP portfolios power the connected devices that touch the lives of millions of people around the world every day as they live, work and play. For more, please visit www.adeia.com.

Adeia Inc. secures new IP license with Hamamatsu Photonics By Investing.com

SAN JOSE - Adeia Inc. (NASDAQ:ADEA), a company recognized for its patented innovations in high performance computing, edge sensing, and artificial intelligence solutions, has announced a new licensing agreement with Hamamatsu Photonics K.K. The license pertains to Adeia's semiconductor intellectual property portfolio, specifically to die-to-wafer hybrid bonding technology. This agreement builds upon Hamamatsu's current license for Adeia's DBI® and ZiBond® wafer-to-wafer hybrid bonding technologies, following a prior development license that included a DBI Ultra® die-to-wafer hybrid bonding technology transfer. Takayuki Suzuki, Division Director at Hamamatsu Photonics, stated that these technologies are already being utilized in advanced image sensor, photonics, and MEMS products, and the company plans to extend their use across various semiconductor devices. Dana Escobar, Chief Licensing Officer and General Manager of Semiconductor at Adeia, expressed enthusiasm about the partnership with Hamamatsu, highlighting the opportunity to broaden the application of their hybrid bonding solutions in the optical sensor market. Adeia has been at the forefront of the semiconductor industry for over three decades, holding a substantial and expanding intellectual property portfolio that includes hybrid bonding, semiconductor packaging, and processing technologies. Through licensing agreements and partnerships, Adeia collaborates with leading semiconductor companies globally. In other recent news, Adeia Inc. reported strong financial results for the first quarter of 2024, with revenues hitting $83.4 million and an adjusted EBITDA of $50 million. The company also announced a multi-year licensing agreement with X Corp., marking an end to prior litigation between the two firms. In addition to these developments, Adeia successfully repriced its Term Loan B, which is projected to reduce its annual interest cost by approximately $3.4 million. The company also secured renewals of its intellectual property licensing agreements with Mitsubishi Electric (OTC:MIELY) and Panasonic (OTC:PCRFY) Entertainment & Communication Co., Ltd. These renewals underline the ongoing demand for innovative digital and entertainment technologies in the consumer electronics market. These recent developments highlight Adeia's strategic moves to foster the adoption of innovative technologies across the media and semiconductor landscapes. Furthermore, the company's aim to reach a long-term revenue target of $500 million demonstrates its commitment to expanding its customer base in various sectors while maintaining strong renewal rates. Adeia Inc. (NASDAQ:ADEA) has recently fortified its partnership with Hamamatsu Photonics through a new licensing agreement, emphasizing the company's strategic position within the semiconductor intellectual property landscape. As Adeia broadens its influence in the optical sensor market, let's delve into some key financial metrics and insights that could interest investors. InvestingPro data shows that Adeia has a market capitalization of $1.28 billion and is trading at a P/E ratio of 32.35, which adjusts to a more attractive 27.01 based on the last twelve months as of Q1 2024. This valuation is further underscored by a low PEG ratio of 0.29 during the same period, suggesting potential for growth relative to earnings expectations. Additionally, the company has demonstrated a strong operating income margin of 31.03%, reflecting efficient management and profitability. One of the InvestingPro Tips highlights Adeia's high shareholder yield, which is a positive signal for investors looking for returns on their investment. Moreover, the company has upheld its dividend payments for 13 consecutive years, with a dividend yield of 1.69% as of the latest data, providing a steady income stream for shareholders. For those seeking further insights, Adeia has 9 additional InvestingPro Tips available, which can be accessed at Investing.com/pro/ADEA. Potential investors and current shareholders can also benefit from a special offer using the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription. With a solid track record and a forward-looking partnership with Hamamatsu Photonics, Adeia Inc. stands as a compelling company for investors to consider within the high-tech semiconductor space.