February 21, 2011 - BUSINESS WIRE -- Tessera Technologies Inc. (NASDAQ:TSRA) announced that on February 17, 2011, it sent Amkor Technology, Inc. an official notice of termination of their license agreement with Tessera. The two companies are currently in arbitration regarding multiple issues, including several past breaches by Amkor of the license agreement.
"We have concluded that the best course of action is to terminate Amkor's license agreement with us," stated Henry R. Nothhaft, chairman and chief executive officer, Tessera. "We will take the necessary steps to protect our innovation and technology, our shareholders, and our licensees in good standing."
Tessera Technologies, Inc. invests in, licenses and delivers innovative miniaturization technologies for next-generation electronic devices. The company's micro-electronics solutions enable smaller, higher-functionality devices through chip-scale, 3D and wafer-level packaging technology, as well as high-density substrate and silent air cooling technology. Learn more at http://tessera.com/Pages/tessera.aspx