Tessera and hynix Enter Into Eight-Year Patent Licensing Agreements

  Tessera and hynix Enter Into Eight-Year Patent Licensing Agreements

                    - Pending Litigation To Be Dismissed -

Business Wire

SAN JOSE, Calif. -- January 2, 2013

Tessera Technologies, Inc. (NASDAQ: TSRA) (the “Company” or “we”) announced
today that its Tessera, Inc. and Invensas Corporation subsidiaries each
entered into new eight-year patent license agreements with SK hynix Inc.

“We are delighted that these new and broader agreements build on our
long-standing and positive relationship with SK hynix, which has become the
first DRAM manufacturer to reach agreements that give it access to both our
Tessera, Inc. and our Invensas Corporation patent portfolios,” said Robert A.
Young, chief executive officer and president, Tessera Technologies, Inc.
“Multi-year agreements like these benefit our customers with secure pricing
and provide us with running royalties that fund new innovations.”

The companies did not disclose the specific financial terms of the agreements,
under which SK hynix will make a one-time payment and pay running royalties.
The agreement will result in an increase in the Company’s recurring royalty
revenues from SK hynix beginning in Q2 2013 because the Company reports
royalties one quarter in arrears. The Company and SK hynix also agreed to
dismiss the antitrust lawsuit pending in California state court. The Company
is neither updating its financial guidance nor providing additional financial
guidance in connection with this milestone.

“Our business is connecting patented ideas to manufacturers, like SK hynix,”
said Young. “SK hynix now can make optimal decisions for its customers with
the benefit of licenses to more than 1,200 issued patents in the Tessera, Inc.
and Invensas Corporation portfolios.”

Safe Harbor Statement

This press release contains forward-looking statements, which are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements involve risks and uncertainties
that could cause actual results to differ significantly from those projected,
particularly with respect to the effects and duration of the new agreements
with SK hynix, the strength of the Company’s IP business and its patents, and
future payments and running royalties and the funding and value of new
innovations. Material factors that may cause results to differ from the
statements made include the plans or operations relating to the Company's
businesses; market or industry conditions; changes in patent laws, regulation
or enforcement, or other factors that might affect the Company’s ability to
protect or realize the value of its intellectual property; the expiration of
license agreements and the cessation of related royalty income; the failure,
inability or refusal of licensees to pay royalties; initiation, delays,
setbacks or losses relating to the Company’s intellectual property or
intellectual property litigations, or invalidation or limitation of key
patents; the timing and results, which are not predictable and may vary in any
individual proceeding, of any ICC ruling or award, including in the Amkor
arbitration; fluctuations in operating results due to the timing of new
license agreements and royalties, or due to legal costs; the risk of a decline
in demand for semiconductor and camera module products; failure by the
industry to use technologies covered by the Company’s patents; the expiration
of the Company’s patents; the Company’s ability to successfully complete and
integrate acquisitions of businesses, including the integration by
DigitalOptics Corporation (“DOC”) of its recently acquired camera module
manufacturing facility in Zhuhai, China; the risk of loss of, or decreases in
production orders from, customers of acquired businesses; financial and
regulatory risks associated with the international nature of the Company’s
businesses; failure of the Company’s products to achieve technological
feasibility or profitability; failure to successfully commercialize the
Company’s products; changes in demand for the products of the Company’s
customers; limited opportunities to license technologies and sell products due
to high concentration in the markets for semiconductors and related products
and camera modules; the impact of competing technologies on the demand for the
Company’s technologies and products; failure by DOC to become a vertically
integrated camera module supplier; and the reliance on a limited number of
suppliers for the components used in the manufacture of DOC products. You are
cautioned not to place undue reliance on the forward-looking statements, which
speak only as of the date of this release. The Company's filings with the
Securities and Exchange Commission, including its Annual Report on Form 10-K
for the year ended Dec. 31, 2011, and its Quarterly Report on Form 10-Q for
the quarter ended Sept. 30, 2012, include more information about factors that
could affect the Company's financial results. The Company assumes no
obligation to update information contained in this press release. Although
this release may remain available on the Company's website or elsewhere, its
continued availability does not indicate that the Company is reaffirming or
confirming any of the information contained herein.

About Tessera Technologies, Inc.

Tessera Technologies, Inc. is a holding company with operating subsidiaries in
two segments: Intellectual Property and DigitalOptics. The Intellectual
Property business, comprised of engineering, licensing, account administration
and litigation teams, generates revenue from manufacturers that use its
patented ideas. The DigitalOptics business delivers innovation in imaging and
optics with products and capabilities that enable expanded functionality in
increasingly smaller devices. DigitalOptics’ miniaturized camera module
solutions provide cost-effective, high-quality camera features, including
Micro Electro Mechanical Systems (“MEMS”)-based autofocus, extended depth of
field (“EDoF”), zoom, image enhancement and optical image stabilization.
DigitalOptics also offers customized micro-optic lenses from diffractive and
refractive optical elements to integrated micro-optical subassemblies. For
more information call 1.408.321.6000 or visit www.tessera.com.

Tessera, Tessera, Inc., the Tessera logo, DigitalOptics Corporation, and
Invensas Corporation are trademarks or registered trademarks of affiliated
companies of Tessera Technologies, Inc. in the United States and other
countries. All other company, brand and product names may be trademarks or
registered trademarks of their respective companies.

TSRA-G

Contact:

Tessera Technologies, Inc.
Rick Neely, 408-321-6756
Chief Financial Officer
 
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