Tessera, Siliconware Announce Settlement of Lititgation

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Tessera Technologies, Inc.
TSRA
(the “Company” or “we”) announced today that its Tessera, Inc. subsidiary has reached a settlement with Siliconware Precision Industries
SPIL
. and Siliconware USA, Inc. (together, “Siliconware”). In exchange for being released from the litigation, Siliconware will pay Tessera, Inc. a partial upfront fee and smaller quarterly payments over the next five years. “We are pleased to have settled this matter with Siliconware,” said Bernard “Barney” Cassidy, president, Tessera Intellectual Property Corp. “We believe this settlement further validates the strength of our intellectual property and our overall strategy of pursuing meritorious litigation when appropriate.” The companies
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