Tessera, Micron drop swords, sign licensing deal

July 21, 2006 – Tessera Technologies Inc. and Micron Technology Inc. have settled a 15-month court battle with Micron agreeing to pay $30 million for a royalty-bearing license to Tessera’s “compliant chip” packaging technology.

Tessera filed suit against Infineon and Micron in March 2005 in a US District Court in Texas, alleging infringement of its packaging technology for memory and other semiconductor devices.

Based on the payment, which will be received in 3Q06, Tessera has raised its full-year revenue guidance to $140-$142 million, from the $118-$122 million it projected in May. The company also hiked projections for operating expenses, mostly due to litigation costs amounting to $25-$26 million.


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