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Tessera Technologies Reaches Global Settlement with Amkor
2015-01-16 02:13:04| Semiconductors - Topix.net
Tessera Technologies, Inc. today announced that its subsidiary, Tessera, Inc., has entered into an agreement with Amkor Technology, Inc. to settle all pending litigation between Amkor and Tessera, Inc. Under the terms of the agreement, Amkor will pay Tessera a total of $155 million, comprised of sixteen equal quarterly recurring payments commencing in the first quarter of 2015, and continuing through the fourth quarter of 2018. This settlement includes the resolution of the previously awarded judgment of $128.3 million plus interest, as well as additional amounts related to the settlement of other proceedings.
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Category:Electronics and Electrical