Adeia Inc.
Company overview. Adeia Inc. (Nasdaq: ADEA) is a San Jose, California–based intellectual-property licensing company, headquartered at 3025 Orchard Parkway. It was formed on October 1, 2022, when Xperi Holding Corp. split its product business (now Xperi Inc.) from its IP-licensing business, which kept the Adeia name. Adeia's lineage runs back to Tessera Technologies (founded 1990), DTS, and TiVo/Rovi. It is publicly traded with roughly 150 employees, annual revenue around $400–440 million, and a market capitalization near $3.5 billion as of mid-2026.
Products / services / operations. Adeia does not manufacture or sell physical products; it invents, develops, acquires, and licenses patented technology across two main portfolios. Its media portfolio covers pay-TV, OTT/virtual MVPD streaming, interactive program guides, DVR, content discovery, personalization, and advertising technology; its semiconductor portfolio covers hybrid bonding, advanced packaging, memory, and imaging. Adeia reports over 13,750 worldwide patent assets and licenses to companies including Google, Disney, AMD, Microsoft, Sharp, UMC, and L'Oréal. It operates as a publicly traded, R&D-backed licensing firm rather than a shell NPE, though it is sometimes characterized colloquially as a "patent company."
Patent-litigation posture. In the tracked case data, Adeia appears once, as defendant: DirecTV, LLC v. Adeia Inc. et al. (N.D. Cal., filed Dec. 29, 2025), a declaratory-judgment action in which DIRECTV seeks non-infringement and invalidity of ten Adeia patents covering interactive-television and program-guide technologies. That defendant-side appearance reflects DIRECTV's preemptive filing, not Adeia's typical role: Adeia is generally the asserting licensor, having itself sued AMD in the Eastern District of Texas (settled March 2026), Fubo in the District of Delaware (July 2026), and reportedly filed a breach-of-contract suit against DIRECTV. It is effectively an active two-way litigant; the tracked case sits in N.D. Cal., not a historically plaintiff-friendly venue.
Notable context. The DIRECTV suit follows Adeia's royalty demands on DIRECTV's streaming and multichannel services; DISH Network filed a similar declaratory action in March 2026. The asserted program-guide patents trace to the Rovi/TiVo media legacy, while the semiconductor claims reflect Tessera's pioneering work in hybrid bonding.