Leadership & Pay ·
Adeia appoints Dipti Vachani as CEO with $11M equity package after Paul Davis resigns
ADEAAdeia Inc.
Adeia Inc. announced that Paul E. Davis resigned as chief executive officer and board member, effective October 12, 2026, to focus on health and personal pursuits. The Board appointed Dipti Vachani as the new CEO and director, also effective October 12, 2026. Vachani brings nearly 30 years of semiconductor industry experience, most recently serving as senior vice president and general manager of Arm Limited’s Automotive Business Unit. Her compensation package includes a $730,000 annual base salary, a target bonus equal to 100% of base salary, and equity awards valued at $11 million consisting of time-based and performance-based restricted stock units. Davis will serve as a consultant through December 31, 2026, for a fixed fee of $183,000. Adeia Inc. operates in the intellectual property licensing industry, developing foundational innovations for semiconductor and media technologies.