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December 10, 2018
Xperi Corporation (NASDAQ: XPER) (“Xperi” or the “Company”) today announced that it has reached an agreement with Samsung Electronics, Co., Ltd. (“Samsung”) to settle and dismiss all pending litigation between the companies. In connection with the settlement, the companies have entered into a new patent license agreement.
"We have a long-standing relationship with Samsung and are pleased to put this dispute behind us," said Jon Kirchner, CEO of Xperi. "We are hopeful that the settlement and license agreement will open the door for our two companies to work together on a number of new technologies going forward."
The terms and conditions of the agreement are confidential.
Adeia is a leading R&D and intellectual property (IP) licensing company that accelerates the adoption of innovative technologies in the media and semiconductor industries. Adeia’s fundamental innovations underpin technology solutions that are shaping and elevating the future of digital entertainment and electronics. Adeia’s IP portfolios power the connected devices that touch the lives of millions of people around the world every day as they live, work and play. For more, please visit www.adeia.com.
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