Powertech To Pay $196M To End Tessera Chip Licensing Suits

Law360, Los Angeles (February 27, 2014, 10:31 PM EST) -- Powertech Technology Inc. has agreed to settle its breach of contract and semiconductor chip patent infringement suits against Tessera Inc. for $196 million, the companies announced Thursday, a month after a California federal judge ruled Powertech improperly terminated its licensing agreement with Tessera.

The companies said the settlement would pay out over the next five years and would end Powertech’s two suits and Tessera’s counterclaims, including breach of contract and fraud. The cases stem from a deal allowing Powertech to use Tessera’s patents to make integrated...
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Case Information

Case Title

Powertech Technology Inc v. Tessera Inc


Case Number

4:10-cv-00945

Court

California Northern

Nature of Suit

Patent

Judge

Claudia Wilken

Date Filed

March 4, 2010


Case Title

Powertech Technology Inc v. Tessera, Inc.


Case Number

4:11-cv-06121

Court

California Northern

Nature of Suit

Contract: Other

Judge

Claudia Wilken

Date Filed

December 5, 2011

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