News Article
Tessera arbitration with Amkor to proceed as scheduled
Amkor’s request to stay denied in breach of contract hearing
Tessera Technologies, Inc. a provider of miniaturisation technologies for the electronics industry, announced that the seven day hearing for its arbitration with Amkor Technology, Inc. will proceed on March 31, 2008, as scheduled. The ongoing arbitration seeks to resolve Amkor's failure to pay royalties due to Tessera under the company’s license agreement. Tessera is seeking a substantial monetary recovery for Amkor's use of Tessera technology.
On March 5, 2008, Amkor requested the panel to stay the arbitration pending resolution of the pending re-examinations of Tessera’s patents by the U.S. Patent and Trademark Office (“PTO”). On March 7, 2008, the arbitration panel rejected Amkor’s request. The hearing is scheduled to take place in San Francisco, California.
“The panel rejected Amkor’s attempt to stall the arbitration,” said Scot Griffin, senior vice president and general counsel, Tessera. “We look forward to this opportunity to secure compensation from Amkor for its use of our intellectual property, which is licensed and respected by the industry's largest semiconductor companies.”
On March 5, 2008, Amkor requested the panel to stay the arbitration pending resolution of the pending re-examinations of Tessera’s patents by the U.S. Patent and Trademark Office (“PTO”). On March 7, 2008, the arbitration panel rejected Amkor’s request. The hearing is scheduled to take place in San Francisco, California.
“The panel rejected Amkor’s attempt to stall the arbitration,” said Scot Griffin, senior vice president and general counsel, Tessera. “We look forward to this opportunity to secure compensation from Amkor for its use of our intellectual property, which is licensed and respected by the industry's largest semiconductor companies.”
