Adeia Inks Long-Term IP License Renewal With Samsung For Mobile Devices; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Samsung has renewed its license to Adeia's media intellectual property (IP) portfolio for its mobile devices and related offerings. The long-term agreement was signed at the end of the third quarter. The terms of the deal were not disclosed.
October 02, 2023 | 8:52 pm
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POSITIVE IMPACT
Adeia's long-term license renewal with Samsung could potentially provide a steady stream of revenue.
The long-term license renewal with Samsung could potentially provide Adeia with a steady stream of revenue, which could positively impact its stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Samsung's renewal of its license to Adeia's media IP portfolio could potentially enhance its mobile devices and related offerings.
The renewal of the license to Adeia's media IP portfolio could potentially enhance Samsung's mobile devices and related offerings, which could positively impact its stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80