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March 26, 2025
Adeia Inc. (Nasdaq: ADEA), a leader in developing innovative technology solutions, today announced the nomination of Sandeep Vij, co-founder and managing partner of Argean Capital, to stand for election to Adeia’s board of directors at its 2025 Annual Meeting of Shareholders (the “Annual Meeting”).
Vij is a seasoned technology executive with more than 25 years of experience across semiconductor design, intellectual property licensing, and technology investing. In 2018, he co-founded Argean Capital, a private investment fund. Previously, he served as chief executive officer of MIPS Technologies, where he revitalized the company and drove strategic growth through innovative technology solutions and licensing models.
Vij has also held various leadership roles at Cavium Networks, Xilinx, and Altera Corporation. Vij currently serves on the board of Coherent Corp. (NYSE: COHR), a global leader in photonics and advanced materials with operations across numerous markets, including semiconductor manufacturing. He has extensive board experience spanning over 20 years, having served as a director on public company boards and across multiple committees.
Vij holds a BS in Electrical Engineering from San Jose State University and an MS in Electrical Engineering from Stanford University.
“We are excited about the prospect of Sandeep joining Adeia’s board of directors,” said Paul E. Davis, chief executive officer of Adeia. “Sandeep's deep expertise in the technology sector, particularly in semiconductors and intellectual property, combined with his significant leadership experience as a CEO and board member, will be invaluable as we continue to execute our strategic growth initiatives. His broad understanding of the technology landscape will be a tremendous asset as we continue to drive innovation and expand our market leadership.”
Adeia also announced today that Raghavendra (Raghu) Rau, who has been a vital member of Adeia’s board of directors since 2020, will retire from the board and has decided not to stand for reelection at the Annual Meeting. Rau served as the chair of the nominating and corporate governance committee and made significant contributions to the company’s success during his tenure. Notably, his leadership during the separation from the company’s product business in 2022, and his tenure on the board of Adeia’s predecessor companies since 2015, have been instrumental in shaping Adeia’s strategic direction.
“On behalf of the entire team at Adeia, I want to express our deep gratitude to Raghu for his outstanding contributions over the past several years,” said Davis. “His leadership, particularly during the company’s successful separation and emergence as an independent, innovation-focused technology company, has been instrumental in positioning Adeia for long-term success. Raghu's guidance helped us establish a strong foundation as we embarked on this exciting new chapter, and we're well-positioned to build on the momentum he helped create.”
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.
This press release contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on information available to the Company as of the date hereof, as well as the Company’s current expectations, assumptions, estimates and projections that involve risks and uncertainties. In this context, forward-looking statements often address expected future business, financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “target,” similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond the Company’s control, and are not guarantees of future results.
Forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: the Company’s ability to implement its business strategy; the Company’s ability to enter into new and renewal license agreements with customers on favorable terms; the Company’s ability to retain and hire key personnel; uncertainty as to the long-term value of the Company’s common stock; legislative, regulatory and economic developments affecting the Company’s business; general economic and market developments and conditions; the Company’s ability to grow and expand its patent portfolios; changes in technology and development of new technology in the industries in which in which the Company operates; the evolving legal, regulatory and tax regimes under which the Company operates; unforeseen liabilities and expenses; risks associated with the Company’s indebtedness; unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, natural disasters and global health pandemics, each of which may have an adverse impact on the Company’s business, results of operations, and financial condition. These risks, as well as other risks associated with the Company’s business, are more fully discussed in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. While the list of factors presented here is, and the list of factors presented in the Company’s filings with the SEC are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements.
Causes of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, failure to complete licensing arrangements on anticipated terms and timeline, failure to prevail in litigation we may bring against third parties, financial loss, legal liability to third parties and similar risks, and failure to attract or retain employees, any of which could have a material adverse effect on the Company’s consolidated financial condition, results of operations, liquidity or trading price of common stock. The Company does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.
Adeia Investor Relations
Chris Chaney
[email protected]
Adeia Media Relations
Anna Enerio
[email protected]
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