Tessera (TSRA) 8-K Regulation FD Disclosure

Amkor II Arbitration

July 5, 2012 Interim Award

Posted July 9, 2012

Exhibit 99.2

2

Legal Notices

This document contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities

Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause actual results to differ

significantly

from

those

projected,

particularly

with

respect

to

the

next

steps

in

the

arbitration

with

Amkor,

including

the

amount

of

damages, and the anticipate effects of the arbitration panel’s decision.

Material factors that may cause results to differ from the statements made include the plans or operations relating to the businesses of

Tessera Technologies, Inc. (the “Company”); market or industry conditions; the expiration of license agreements and the cessation of

related royalty income; the failure, inability or refusal of licensees to pay royalties; initiation, delays, setbacks or losses relating to the

Company’s

intellectual

property

or

intellectual

property

litigations,

or

invalidation

or

limitation

of

key

patents;

the

timing

and

results,

which are not predictable and may vary in any individual proceeding, of any ICC ruling or award, including in the Amkor arbitration;

fluctuations in operating results due to the timing of new license agreements and royalties, or due to legal costs; changes in patent

laws, regulation or enforcement, or other factors that might affect the Company’s ability to protect or realize the value of its intellectual

property; the risk of a decline in demand for semiconductor and camera module products; failure by the industry to use technologies

covered by the Company’s patents; the expiration of the Company’s patents; the Company's ability to successfully complete and

integrate acquisitions of businesses, including the integration by DigitalOptics Corporation of Flextronics’s camera module business in

Zhuhai, China; the risk of loss of, or decreases in production orders from, customers of acquired businesses; financial and regulatory

risks associated with the international nature of the Company’s businesses; failure of the Company’s products to achieve

technological feasibility or profitability; failure to successfully commercialize the Company’s products; changes in demand for the

products of the Company’s customers; limited opportunities to license technologies and sell products due to high concentration in the

markets for semiconductors and related products and camera modules; the impact of competing technologies on the demand for the

Company’s technologies and products; failure by DigitalOptics Corporation to become a vertically integrated camera module supplier;

and the reliance on a limited number of suppliers for the components used in the manufacture of DigitalOptics products.

You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this document.

The Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended

Dec.

31,

2011,

and

its

Quarterly

Report

on

Form

10-Q

for

the

quarter

ended

March

31,

2012,

include

more

information

about

factors

that

could

affect

the

Company’s

financial

results.

The

Company

assumes

no

obligation

to

update

information

contained

in

this

document. Although this document may remain available on the Company’s website or elsewhere, its continued availability does not

indicate that the Company is reaffirming or confirming any of the information contained herein.

3

History of the dispute

•

Amkor was a customer of Tessera, Inc. under a May 1996

patent license agreement (as amended, the “Agreement”)

•

The parties are now in the midst of their second arbitration

•

In March 2006 Tessera, Inc. initiated an arbitration

("Amkor I")

before the International Chamber of Commerce

("ICC") due to Amkor's failure to pay

royalties,

which ended

with Amkor

owing $64 million in a case where four Tessera,

Inc. patents were found valid and infringed

•

In August 2009, Amkor initiated this arbitration (“Amkor II”)

seeking, among other things, clarification that it was in

compliance with the license agreement

4

History of the dispute (con’t)

•

Tessera, Inc.’s positions in Amkor II included, among other

things:

•

Amkor underpaid royalties due after the Amkor I arbitration as

measured

by

the

tribunal's

findings

of

infringement

and

validity

in

Amkor I

•

Additional Amkor products infringed Tessera, Inc. patents and

royalties were due under the Agreement on those products

•

The Agreement should be terminated based on Amkor’s breaches

5

What was decided

•

Amkor materially breached its obligations under the

Agreement

•

Tessera, Inc. properly terminated the Agreement as of

February 2011

•

Amkor infringed seven Tessera, Inc. patents

•

Four of these patents were foreign counterparts of the patents

litigated in Amkor I and have expired

•

One of these patents was found invalid

•

The others expire in 2014 and beyond

•

Some Amkor products were never protected by the

Agreement

•

Tessera,

Inc.

is

entitled

to

pursue

all

other

remedies

available

as

to

products that are not protected by the license agreement

6

What likely happens next

•

Experts for each party will supplement their earlier expert

reports with a calculation of damages based on the legal

and factual conclusions in the partial Amkor II ruling

•

Based on a preliminary review of the interim award, Tessera, Inc.

intends to seek an amount in excess of $125 million from Amkor

•

Tessera, Inc. hopes that Amkor will resolve the remaining

issues in a business-like manner but is prepared for

alternate means of issue resolution

•

If the parties are unable to agree on the amount of

damages, the ICC tribunal will resolve the dispute and

issue one or more final awards on the amount of royalties

owed

7

What likely happens next (con’t)

•

The timing of future awards and proceedings will be

determined by the ICC tribunal

•

Tessera desires prompt resolution, but is not publicly commenting

on the schedule for the final portions of Amkor II

•

Amkor

will be legally obligated to pay Tessera, Inc. the

amount of damages specified in the final award(s)

8

What does this mean

•

Tessera, Inc.:

•

Will be compensated for the use of its patents over the past several

years that should have been reported as periodic royalties

•

Will continue to pursue strategies to realize the full value of the

patents that were asserted in Amkor II

•

Is also evaluating strategies for realizing the full value of its other

patents

•

Will not comment on the use of the proceeds of the final award

•

The total available market for Tessera, Inc.’s patents

increased because Amkor will no longer be able to

“launder”

Tessera,

Inc.

patents

for

Amkor’s

customers