Adeia IP licence renewal with Samsung
October 3, 2023
Adeia, the R&D and intellectual property (IP) licensing company, has announced that Samsung Electronics has entered into a long-term agreement at the end of the third quarter, renewing its licence to Adeia’s media IP portfolio for its mobile devices and related offerings.
“Samsung’s leadership in the Android mobile device market has been achieved by an unwavering commitment to meeting the dynamic needs of its customers. Consumers are looking for devices to stay connected to friends, family and colleagues and also as a gateway to digital news and entertainment,” said Paul E. Davis, chief executive officer of Adeia.
“As revenue-generating opportunities on mobile devices continue to expand, so will the complexity associated with finding and accessing the content consumers desire. Intuitive and easy-to-use navigation enabled by Adeia’s media IP portfolio allows subscribers to leverage voice search and intelligent content recommendations to streamline the discovery process. This makes it possible for consumers to spend less time searching and more time enjoying the content they love. This long-term renewal reflects the importance of Adeia’s constantly evolving IP portfolio in supporting critical innovations that drive the mobile device sector forward,” added Davis.