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Benzinga
Benzinga
Business
Eva Mathew

AMD Hit With Two Lawsuits From Adeia Alleging Massive Patent Violations Ahead Of Q3 Earnings

AMD Adeia Nasdaq Advanced Micro Devices Semiconductor Nvidia Texas
Jakarta:,May,02,2024:,Advanced,Micro,Devices,,Inc.,(amd),Signboard.,Is

U.S. tech licensing firm Adeia (NASDAQ:ADEA) has filed two lawsuits against Advanced Micro Devices (NASDAQ:AMD) in the Texas federal court, alleging the chip giant infringed on ten patents related to semiconductor innovations, ahead of its earnings.

The move came as Adeia’s shares fell 16% on Monday, after the company lowered annual revenue expectations and posted estimate-missing third-quarter results.

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