SAN JOSE, Calif.--(BUSINESS WIRE)--
Tessera Technologies, Inc. and certain of its subsidiaries
(collectively, "Tessera"), announced today that Administrative Law Judge
Sandra Dee Lord of the U.S. International Trade Commission ("ITC"),
issued a Notice of Initial Determination ("ID") in Certain Semiconductor
Devices, Semiconductor Device Packages, And Products Containing Same,
Investigation No. 337-TA-1010. Tessera is a subsidiary of Xperi
Corporation (NASDAQ:XPER) (the "Company").
The notice includes only a brief summary of the ID's conclusions.
According to the notice, ALJ Lord found a violation of Section 337 of
the Tariff Act due to infringement of U.S. Patent No. 6,849,946 by
Broadcom and its named customers. She found that U.S. Patent No.
6,133,136 was infringed and valid, but found no violation due to lack of
domestic industry. She found no violation with respect to U.S. Patent
No. 6,856,007.
The parties and their counsel have not yet received the full ID, which
is subject to confidentiality restrictions. Thus, no further details on
the substance of the decision, including details about the scope of the
ALJ's infringement finding, are available at this time. After the
Company's counsel receives the full ID, which it anticipates to be
within the next few days, the Company will determine whether further
comment on the decision is appropriate.
The ID is now subject to review by the Commissioners at the ITC. Any
remedies would not issue until the completion of the investigation,
which at this time is scheduled for October 30, 2017.
About Xperi Corporation's Semiconductor and IP Licensing Business
Tessera and Invensas are subsidiaries of Xperi Corporation. Over the
past 27 years, research and development at both Tessera and Invensas
has led to significant innovations in semiconductor packaging
technology, which has been widely licensed and is found in billions of
electronic devices globally.
Invensas develops next-generation semiconductor packaging and
interconnect technologies for memory, mobile, computing and automotive
applications. Through collaborative partnerships with world-class
manufacturing companies and high-volume equipment and materials
suppliers, Invensas licenses these technology solutions to original
equipment manufacturers, original design manufacturers, integrated
device manufacturers, fabless device suppliers, foundries and outsourced
assembly and test providers, and supports the technology transfer at
customer-designated sites. Additionally, Invensas' low temperature wafer
bonding technologies target the image sensor, DRAM, MEMS, RF and 2.5D
logic markets.
Safe Harbor Statement
This press release contains forward-looking statements, which are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve risks
and uncertainties that could cause actual results to differ
significantly from those projected, particularly with respect the ITC
proceedings, and the applicability of the U.S. Patent Nos. 6,849,946,
6,133,136, or 6,856,007 to Broadcom or its customers. Material factors
that may cause results to differ from the statements made include the
plans or operations relating to the businesses of the Company; market or
industry conditions; changes in patent laws, regulation or enforcement,
or other factors that might affect the Company's ability to protect or
realize the value of its intellectual property; the expiration of
license agreements and the cessation of related royalty income; the
failure, inability or refusal of licensees to pay royalties; initiation,
delays, setbacks or losses relating to the Company's intellectual
property or intellectual property litigations, or invalidation or
limitation of key patents; fluctuations in operating results due to the
timing of new license agreements and royalties, or due to legal costs;
the risk of a decline in demand for semiconductors and products
utilizing our audio and imaging technologies; failure by the industry to
use technologies covered by the Company's patents; the expiration of the
Company's patents; the Company's ability to successfully complete and
integrate acquisitions of businesses; the risk of loss of, or decreases
in production orders from, customers of acquired businesses; financial
and regulatory risks associated with the international nature of the
Company's businesses; failure of the Company's products to achieve
technological feasibility or profitability; failure to successfully
commercialize the Company's products; changes in demand for the products
of the Company's customers; limited opportunities to license
technologies due to high concentration in applicable markets for such
technologies; the impact of competing technologies on the demand for the
Company's technologies; failure to realize the anticipated benefits of
the Company's recent acquisition of DTS, Inc., including as a result of
integrating the business of DTS; pricing trends, including the Company's
ability to achieve economies of scale; the expected amount and timing of
cost savings and operating synergies; and other developments in the
markets in which the Company operates, as well as management's response
to any of the aforementioned factors. You are cautioned not to place
undue reliance on the forward-looking statements, which speak only as of
the date of this release.
The foregoing review of important factors should not be construed as
exhaustive and should be read in conjunction with the other cautionary
statements that are included herein and elsewhere, including the Risk
Factors included in the Company's recent reports on Form 10-K and Form
10-Q and other documents of the Company on file with the Securities and
Exchange Commission (the "SEC"). The Company's SEC filings are available
publicly on the SEC's website at www.sec.gov.
Any forward-looking statements made or incorporated by reference herein
are qualified in their entirety by these cautionary statements, and
there can be no assurance that the actual results or developments
anticipated by the Company will be realized or, even if substantially
realized, that they will have the expected consequences to, or effects
on, the Company or its business or operations. Except to the extent
required by applicable law, the Company undertakes no obligation to
update publicly or revise any forward-looking statement, whether as a
result of new information, future developments or otherwise.
SOURCE: XPERI CORPORATION
XPER-L
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Xperi Corporation
PR Contact:
Jordan Miller, +1
818-436-1082
jordan.miller@xperi.com
or
Investor
Relations Contact:
Geri Weinfeld, +1 818-436-1231
geri.weinfeld@xperi.com
Source: Xperi Corporation
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