Adeia Inc. (NASDAQ: ADEA) announced it has entered into a new multi-year intellectual property license agreement with Google, extending a business relationship that began in 2012. The agreement provides Google with access to Adeia's media IP portfolio.

The San Jose-based technology company develops innovations for semiconductor and media industries. According to the company, its media IP portfolio has been developed through decades of research and development and is licensed across the global media and entertainment ecosystem.

"This renewed agreement with Google underscores the strength, relevance, and durability of Adeia's media IP portfolio," said Dr. Mark Kokes, chief revenue officer of Adeia. "Google is a global technology leader. We are pleased to extend our long-standing relationship and support Google's ability to deliver seamless, next-generation user experiences."

Adeia states its innovations are embedded in billions of devices worldwide, enabling functionality across streaming, connected TV, and digital entertainment platforms. The company licenses foundational technologies for digital entertainment, electronics, and high-performance computing applications.

The announcement was made through a press release statement from the company. Financial terms of the licensing agreement were not disclosed.