Adeia Inc. has appointed Dipti Vachani, a nearly 30-year semiconductor industry veteran, as its new Chief Executive Officer and member of the Board of Directors, effective October 12, 2026. She succeeds Paul E. Davis, who will serve as a consultant until December 31, 2026, to support the transition.
Key Details
- Effective Date: Ms. Vachani's appointment as CEO and board member is effective October 12, 2026.
- New CEO Compensation: The offer letter includes a $730,000 annual base salary, a target bonus of 100% of base salary, and equity awards with a target grant date value of $11 million.
- Executive Experience: Ms. Vachani most recently served as Senior Vice President & General Manager of the Automotive Business Unit at Arm Limited and previously held senior roles at Intel and Texas Instruments.