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Amkor paying Tessera $155M to end patent battle

Jan. 15, 2015 4:43 PM ETAmkor Technology, Inc. (AMKR) StockBy: Eric Jhonsa, SA News Editor
  • Amkor (NASDAQ:AMKR) will pay Tessera (TSRA) $155M to settle the companies' long-running patent dispute, via 16 payments to be made between Q1 2015 and Q4 2018. The settlement covers the $128.3M arbitration award granted to Tessera last October.
  • With the settlement in tow, Tessera is hiking its 2015 recurring revenue guidance by $40M to $235M; the company's 2015 total revenue consensus is at $221.4M.

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