Just discovered TSRA in a rather dated article. This article mentioned a planned spin off of the optics and imaging business by 2015. But I can't find any recent information about this. Does anyone know the status of the spin off?
I went to TSRA's website and there is a press release there: "Tessera Technologies Sells Micro-Optics Assets to FLIR." But not a lot of details are provided. What is the significance of this in relation to the proposed spin off?
The spin-off presently appears to be off. The major asset is the MEMS lens assembly mover (autofocus). This has lately been partnered. Other important assets (construction techniques originally developed for integrated camera manufacture) have been transferred internally to Invensas. The assets that have been sold were basically involved in advancing the technology; Tessera is choosing to return to a specialization in electronic device design.