Tessera receives initial Amkor payment in court award

August 21, 2012 – BUSINESS WIRE — Tessera Technologies, Inc. (NASDAQ:TSRA) received an initial payment of approximately $20 million from semiconductor packaging company Amkor Technology Inc. to Tessera, Inc., related to the interim award the International Court of Arbitration of the International Chamber of Commerce (ICC) issued on July 6, 2012, in favor of Tessera, Inc. in its dispute with Amkor.

"As previously announced, we intend to seek an amount in excess of $125 million in connection with the ICC’s interim award," stated Richard Chernicoff, president of Tessera Intellectual Property Corp., adding that his company will

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