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Tessera, STATS ChipPAC enter into five-year patent licensing agreement

Tessera Technologies announced that its Tessera, Inc. subsidiary entered into a new five-year patent license agreement with STATS ChipPAC Ltd. The companies did not disclose the specific financial terms of the agreements. Tessera, Inc. and STATS ChipPAC also agreed to dismiss claims and counterclaims between the two parties relating to Tessera, Inc.’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 license.