Tessera Terminates Amkor License
SAN JOSE, Calif., Feb. 18, 2011 — Tessera Technologies Inc., a maker of wafer-level optics and miniaturization technologies for next-generation electronic devices, has officially terminated its license agreement with Amkor Technology Inc., effective immediately, it said.
The two companies are currently in arbitration regarding multiple issues, including several past breaches by Amkor of the license agreement. Tesseraconcluded that it was best to terminate its license agreement with Amkor.
“This latest letter is just another part of Amkor’s ongoing dispute with Tessera regarding the license agreement and does not affect our business,” said Ken Joyce, Amkor president and CEO.
For more information, visit: www.tessera.com