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March 10, 2020
Xperi Corporation (NASDAQ: XPER) announced today that it reached an agreement with Toshiba Corporation (“Toshiba”) to settle and dismiss the pending litigation between Tessera, Inc. and Toshiba.
"We have had a business relationship with Toshiba for more than two decades, and we are pleased to have reached a resolution of this dispute," said Paul Davis, Senior Vice President and General Counsel of Xperi. "We are hopeful that this settlement will pave the way for collaboration on future business opportunities."
The terms and conditions of the settlement 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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