|Exchange:||NASDAQ national market|
|Stock:||Tessera Technologies, Inc.|
|Industry:||Semiconductor Equipment & Materials|
|Tessera Technologies, Inc., was founded and incorporated in the state of Delaware in 1990. The Company is a holding company with operating subsidiaries in two segments: Intellectual Property and DigitalOptics. The Company’s Intellectual Property segment is managed by Tessera Intellectual Property Corp., generates revenue from manufacturers and other implementers that uses its technology. The segment includes its subsidiaries, Tessera, Inc. and Invensas Corporation (‘Invensas’). Tessera, Inc. pioneered chip-scale packaging solutions, which it licenses to companies in the semiconductor industry. Invensas develops and acquires interconnect solutions and intellectual property in areas such as mobile computing and communications, memory and data storage, and 3-D Integrated Circuit (3DIC) technologies. DigitalOptics Corporation and its subsidiaries (‘DOC’) operate its DigitalOptics business. DOC designs and manufactures imaging systems for smartphones, generating revenue through product sales and software license fees and royalties. DOC’s expertise in optics, camera modules, Micro Electro Mechanical Systems (‘MEMS’), and image processing enable it to deliver products that expand the boundaries of smartphone photography. DOC also offers customized micro-optic lenses which may include Diffractive Optical Elements (‘DOEs’), Refractive Optical Elements (‘ROEs’) and/or Integrated Micro-Optical Subassemblies (‘IMOS’). The Company’s semiconductor packaging technologies has been licensed to more than 70 companies. These customers include SK hynix, Intel, Motorola Mobility, Samsung and Texas Instruments, among others. The Company competes with other firms in acquiring patent portfolios or partnering with owners of patent portfolios. The Company’s MEMS-based autofocus technology competes with autofocus technologies including traditional lens-motion-type autofocus, emerging lens-modification-type autofocus, solutions using voice coil motor technology, and also other computational-type autofocus solutions and other solutions and technologies provided by companies such as DxO Labs. Its Micro-optics products face competition from products offered by other Micro-optics manufacturers such as JenOptik A.G. as well as emerging technologies such as ASML’s FlexRay technology. Competitors in the lens actuator field include VCM manufacturers such as Mitsumi Electric Co., Ltd, Shikoh, and TDK Corporation. It also compete with internal design groups at image sensor and lens manufacturers and camera module companies such as Omnivision Technologies, Inc., Aptina Imaging Corporation, STMicroelectronics, Inc., Samsung Electronics Co, Ltd., and Toshiba Corporation.|
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