STMicroelectronics and Tessera Settle Pending Litigation
STMicroelectronics NV (NYSE: STM) and Tessera Technologies, Inc. (NASDAQ:TSRA) announced today that they reached a settlement of all outstanding claims and litigation between them.
STMicroelectronics, Inc., STMicroelectronics N.V., and Tessera, Inc. agreed to dismiss all claims and counterclaims pending in the United States District Court for the Northern District of California with prejudice. The terms and conditions of the agreement between the companies are confidential.
Tessera Technologies, Inc. and its subsidiaries generate revenue from licensing to manufacturers and other implementers that use the Company's technology in areas such as mobile computing and communications, memory and data storage, and 3-D Integrated Circuit technologies. For more information call 1.408.321.6000 or visit www.tessera.com.
ST is a global leader in the semiconductor market serving customers across the spectrum of sense and power and automotive products and embedded processing solutions. From energy management and savings to trust and data security, from healthcare and wellness to smart consumer devices, in the home, car and office, at work and at play, ST is found everywhere microelectronics make a positive and innovative contribution to people's life. By getting more from technology to get more from life, ST stands for life augmented. In 2013, the Company’s net revenues were $8.08 billion. Further information on ST can be found at www.st.com.