Tessera, AMD settle pending litigation, financial terms confidential

theflyonthewall.com

Tessera Technologies (TSRA) announced that its Tessera subsidiary has entered into an agreement settling all pending litigation with Advanced Micro Devices (AMD). The specific financial terms of the agreement are confidential. Tessera, Inc. and AMD agreed to dismiss claims and counterclaims between the two parties relating to Tessera's patent infringement claims pending in the United States District Court, Northern District of California. The company is not providing additional financial guidance in connection with this agreement.

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