Hynix renews Tessera license

"We are pleased to have Hynix, a leading provider of memory solutions, elect to renew its license agreement with Tessera, Inc.," stated Richard Chernicoff, president of the Intellectual Property and Micro-electronics Division of Tessera, Inc. "With this renewal, Tessera, Inc. has secured 5-year license agreements with two of the top memory manufacturers in the world, further validating the value of its portfolio of semiconductor packaging related intellectual property (IP)." "The Hynix renewal further secures our future IP & Micro-electronics business," said Robert A. Young, chief executive officer of Tessera Technologies, Inc. "We greatly value our relationship with Hynix and look forward to continuing it."