Tessera Tech and AMD Settle Patent Litigation

Miniaturization specialist Tessera Technologies (NASDAQ: TSRA  ) and Advanced Micro Devices (NASDAQ: AMD  ) have agreed to settle all pending litigation between the former's subsidiary Tessera and AMD over patent infringement allegations, Tessera Technologies announced yesterday. The specific financial terms of the agreement are confidential. 

The case extends all the way back to 2005 when Tessera alleged that AMD and Spansion infringed on several patents surrounding the manufacture, use, and sale of packaged semiconductor components and assemblies. A number of other defendants including Advanced Semiconductor Engineering, ChipMOS Technologies (NASDAQ: IMOS  ) , and STMicroelectronics were added to the lawsuit the following year. Some of the defendants added to the lawsuit countersued, claiming Tessera's patents were invalid.

ChipMOS was dropped from the lawsuit last year after payment of back royalties.

Tessera's Intellectual Property Corp. president, Bernard "Barney" Cassidy, was quoted as saying the company was "glad to see AMD join us in moving beyond this litigation," as both agreed to dismiss claims and counterclaims between them.

Tessera said it will not be providing additional financial guidance in connection with this agreement.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2284984, ~/Articles/ArticleHandler.aspx, 9/26/2016 1:26:33 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,122.15 -139.30 -0.76%
S&P 500 2,149.64 -15.05 -0.70%
NASD 5,262.04 -43.71 -0.82%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 1:10 PM
AMD $6.36 Down -0.20 -2.98%
Advanced Micro Dev… CAPS Rating: **
TSRA $37.94 Up +0.17 +0.45%
Tessera Technologi… CAPS Rating: ****
ASX $5.90 Down -0.05 -0.84%
Advanced Semicondu… CAPS Rating: ****
CODE.DL $0.00 Down +0.00 +0.00%
Spansion CAPS Rating: *
IMOS $20.01 Down -0.18 -0.89%
ChipMOS Technologi… CAPS Rating: ***
STM $8.03 Up +0.02 +0.25%
STMicroelectronics CAPS Rating: ****