Tessera and Freescale Settle Litigation

  Tessera and Freescale Settle Litigation

Business Wire

SAN JOSE, Calif. -- August 27, 2013

Tessera Technologies, Inc. (NASDAQ:TSRA) ("Tessera" or the "Company") today
announced its Tessera, Inc. subsidiary has reached a settlement with Freescale
Semiconductor, Inc. ("Freescale"). In exchange for being released from the
litigation, Freescale will make a payment to Tessera, Inc.

"We are pleased to have settled this matter with Freescale," said Jim
MacDonald, executive vice president, intellectual property and business
development, Tessera Intellectual Property Corp. "We believe this settlement
reflects well on the strength of our intellectual property, as well as our
commitment to protecting our innovations and intellectual property."

The companies have not disclosed the full terms and conditions of the
settlement agreement. Tessera, Inc. agreed to dismiss its claims against
Freescale relating to Tessera, Inc.'s patent infringement action pending in
the United States District Court, Northern District of California. The Company
is making no adjustment to its third quarter of 2013 financial guidance given
on July 31, 2013.

Safe Harbor Statement

This document 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 Company's guidance and the settlement
agreement and payment from Freescale. 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; 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; 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, 2012, and its Quarterly Report
on Form 10-Q for the quarter ended June 30, 2013, 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

Tessera Technologies, Inc. is a holding company with operating subsidiaries in
two segments: Intellectual Property and DigitalOptics. Our Intellectual
Property segment, managed by Tessera Intellectual Property Corp., generates
revenue from manufacturers and other implementers that use our technology. Our
DigitalOptics business delivers innovation in imaging systems for smartphones.
For more information call 1.408.321.6000 or visit www.tessera.com.

Tessera, the Tessera logo, DOC, the DOC logo, 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-L

Contact:

Tessera Technologies, Inc.
Moriah Shilton, 408-321-6713
Sr. Director, Communications & Investor Relations