Title Tessera Technologies Announces Settlement with ASE
Date   2014-03-05                                           

Memo
Tessera Technologies Announces Settlement with ASEs

 SAN JOSE, Calif.--(BUSINESS WIRE)-- Tessera Technologies, Inc. (NASDAQ:TSRA) ("Tessera" or the "Company") today announced that Tessera``s subsidiary, Tessera, Inc., has entered into an agreement with Advanced Semiconductor Engineering, Inc. and ASE (U.S.) Inc. (collectively, "ASE") to settle all claims at issue between ASE and Tessera, Inc. in the case styled Tessera, Inc: v. Advanced Micro Devices, Inc., et al. (Case No. 4:05-CV-04063 (United States District Court for the Northern District of California)).

Under the terms of the agreement ASE agrees to pay Tessera, Inc. a total of $30M U.S. Dollars, comprised of a one-time payment in the first quarter of 2015 and annual recurring payments commencing in the first quarter of 2015 through the first quarter of 2018.

"We are very pleased to have reached a settlement with ASE," said Tom Lacey, CEO of Tessera. "Having resolved this dispute, we look forward to collaborating with ASE in the future. With our companies`` mutual technology capabilities and innovations there is much we can do together to produce value for the industry."

"ASE is also pleased to have resolved our dispute with Tessera," said Dr. Tien Wu, ASE``s Chief Operating Officer. "Both ASE and Tessera share the view that technology engagement is in the best interests of our customers and shareholders. ASE is a world leader in semiconductor packaging and collaboration between our companies presents interesting market opportunities."

About Tessera Technologies, Inc.

Tessera Technologies, Inc. is a holding company with operating subsidiaries in two segments: Intellectual Property and DigitalOptics. Our Intellectual Property segment, managed by Tessera Intellectual Property Corp., generates revenue from manufacturers and other implementers that use our technology. Our DigitalOptics business delivers innovation in imaging systems for smartphones. For more information call 1.408.321.6000 or visit www.tessera.com.

Tessera, the Tessera logo, DOC and the DOC logo are trademarks or registered trademarks of affiliated companies of Tessera Technologies, Inc. in the United States and other countries. All other company, brand and product names may be trademarks or registered trademarks of their respective companies.


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