Tessera Tech (TSRA) Unit Enters New Patent License with STATS ChipPAC

Tessera Technologies, Inc. (Nasdaq: TSRA) that its Tessera, Inc. subsidiary entered into a new five-year patent license agreement with STATS ChipPAC Ltd.

“We are delighted that STATS ChipPAC joined us in moving beyond litigation,” said Bernard “Barney” Cassidy, president, Tessera Intellectual Property Corp. “STATS ChipPAC is a leading semiconductor assembly and test company and they now have freedom of operation under more than 800 Tessera, Inc. patents and patent applications.”

The companies did not disclose the specific financial terms of the agreements. Tessera, Inc. and STATS ChipPAC also agreed todismiss claims and counterclaims between the two parties relating to Tessera, Inc.’s patent infringement claims pending in the United States District Court, Northern District of California. The Company is not providing additional financial guidance in connection with this license.

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