Xperi

Xperi Holding Corporation (formerly Tessera Holding Corporation) is an American San Jose-based firm that licenses technology and intellectual property in areas such as mobile computing, communications, memory and data storage, and three-dimensional integrated circuit (3D IC) technologies, among others. Markets include semiconductor packaging and interconnect solutions, mobile, computational imaging, audio and automotive. Tessera, a subsidiary of Xperi, has licensed its chip packaging technology to numerous semiconductor manufacturers, including Intel and Samsung Electronics.[1]

Not to be confused with Xperia, a smartphone brand owned by Sony.

Xperi Holding Corporation
FormerlyTessera Holding Corporation (1990–2017)
TypePublic
Nasdaq: XPER
S&P 600 Component
IndustryTechnology
Founded1990 (1990)
Headquarters
San Jose, California
,
United States
Area served
Worldwide
Key people
Dave Habiger
(Chairman)
Jon Kirchner
(CEO)
Brands
RevenueUS$892.0 million
(FY 2020)
US$198.4 million
(FY 2020)
US$146.7 million
(FY 2020)
Number of employees
1850 (February 26, 2021)
Websitewww.xperi.com

As the company has evolved, it expanded business through the formation of Invensas, an innovator in next-generation semiconductor and packaging technologies. The company continues to grow and expand through numerous acquisitions: FotoNation, which specializes in image and video enhancement and analysis; Ziptronix, which specializes in three-dimensional integrated circuit technologies; DTS, Inc., an audio technologies company; and assets acquisition from Pelican Imaging.

On December 19, 2019, Xperi and TiVo Corporation announced their intent to merge.[2] The surviving entity operates under the Xperi Holding Corporation name, and became one of the largest licensing companies in the world.[3][4] The merger was completed on June 1, 2020.[5] Xperi Corporation was reconfigured as a subsidiary of the combined company.

History

Tessera was founded in 1990 by former IBM research scientists.

Some company milestones are listed below:

  • 1994: Hitachi and Shinko Electric Industries Ltd. license Tessera technologies
  • 2005: Samsung licenses Tessera technologies
  • 2005: Acquired assets of Shellcase MVP[6]
  • 2006: Acquired DigitalOptics Corporation[7]
  • 2007 Acquired Eyesquad[8]
  • 2008: Acquired FotoNation[9]
  • 2009: Won International Trade Commission ruling against Motorola, Qualcomm, Freescale Semiconductor and Spansion in May[10]
  • 2011: Founded Invensas Corporation
  • November 2011: Samsung extends 2005 license agreement with Tessera[11]
  • 2013: Sold Micro-Optics business
  • 2013: Closed leased manufacturing facility in Zhuhai, China, and consolidated manufacturing capabilities in Taiwan [12]
  • 2014: Announced cessation of mems | cam manufacturing operations [13]
  • 2015 Acquired Ziptronix [14]
  • November 2016: Acquired assets from Pelican Imaging [15]
  • December 2016: Acquired DTS, Inc.[16]
  • May 2021: TiVo Corporation, wholly owned subsidiary of Xperi Holding Corporation, agrees to acquire MobiTV assets from Chapter 11 bankruptcy[17]

In February 2017, it changed its name from Tessera Holding Corporation to Xperi Corporation.[18]

References
  1. Vance, Ashlee (August 16, 2009). "A Determined Outpost of Tiny Technology". The New York Times. Retrieved August 17, 2009.
  2. "Goldman Sachs Near Deal to Settle 1MDB Inquiry". The New York Times. December 20, 2019.
  3. Spangler, Todd (December 19, 2019). "TiVo to Merge With Entertainment-Tech Firm Xperi in $3 Billion Deal". Variety. Retrieved December 19, 2019.
  4. Gartenberg, Chaim (December 19, 2019). "TiVo to merge with Xperi to create "one of the largest licensing companies in the world"". The Verge. Retrieved December 27, 2019.
  5. "Xperi and TiVo Complete Merger". www.businesswire.com. June 1, 2020. Retrieved July 19, 2020.
  6. "Tessera completes acquisition of Shellcase assets". EE Times. Retrieved December 28, 2005.
  7. "Tessera Completes Acquisition of Digital Optics Corporation". BusinessWire. July 18, 2006.
  8. "Tessera buys Eyesquad for $18M, adds camera products to miniaturization portfolio". VentureBeat. February 1, 2007. Retrieved February 17, 2021.
  9. "Tessera Completes Acquisition of FotoNation". Bloomberg. Retrieved February 12, 2008.
  10. "Tessera Shares Climb on Patent Ruling". WirelessWeek. Associated Press. May 22, 2009. Retrieved August 17, 2009.
  11. "Samsung renews license agreement with Tessera". Reuters. November 16, 2011.
  12. "Tessera Technologies Announces Strong Second Quarter 2014 Results". Bezinga. BusinessWire. Retrieved August 4, 2014.
  13. "Tessera Technologies Will Cease All Remaining mems|cam Manufacturing Operations". BusinessWire. January 16, 2014.
  14. "Tessera to Acquire Ziptronix, Inc. for $39 Million". BusinessWire. August 27, 2015.
  15. "Tessera Technologies Acquires Technology Assets From Pelican Imaging Corporation". BusinessWire. November 1, 2016.
  16. "Tessera Completes Acquisition of DTS". BusinessWire. December 4, 2016.
  17. "TiVo Corporation Agrees to Acquire MobiTV Assets From Chapter 11 Bankruptcy". BusinessWire.
  18. "Tessera Holding Corporation Announces Name Change to Xperi Corporation". BusinessWire. February 22, 2017.


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