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Representative image of semiconductor wafer inspection, highlighting the IQE and Tower Semiconductor supply agreement for AI data centre photonics, Indium Phosphide epiwafers and silicon photonics growth.
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Adeia has a 59% adjusted EBITDA margin. Why is Dipti Vachani still inheriting a major growth test?

Adeia Inc. begins a new leadership era on October 12 as former Arm executive Dipti Vachani succeeds Paul Davis as Chief Executive Officer. She inherits a highly cash-generative intellectual-property licensing business that is increasingly betting on semiconductor technologies tied to artificial intelligence infrastructure, while the share price has retreated sharply from its recent high.