Adeia, Western Digital fall on licensing deal

Adeia

28/03/2023 17:25

** Shares of Adeia Inc  ADEA.O  down 2.3% at $8.20; Western
Digital Corp  WDC.O  falls 2.2% to $34.44
    ** Western Digital entered into a long-term deal to license
Adeia’s semiconductor patent portfolio  urn:newsml:reuters.com:*:nGNXcwXFY
    ** Also announced in a separate release that Kioxia Corp
entered into a similar deal with Adeia  urn:newsml:reuters.com:*:nGNX6JBjKT
    ** Western Digital and Kioxia said to be in talks to merge
into one publicly traded co  urn:newsml:reuters.com:*:nL4N33P3A9
    ** ADEA shares down ~13% YTD; WDC shares up ~10% YTD
    
    

 (Reporting by Yamini Kalia)
 ((Yamini.Kalia@thomsonreuters.com))