Xperi

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

Xperi Inc.
Formerly
  • Tessera Holding Corporation (1990–2017)
  • Xperi Holding Corporation (2017–2022)
TypePublic
IndustryTechnology, Pay television, Consumer electronics
Founded1990; 33 years ago (1990)
Headquarters
San Jose, California
,
U.S.
Area served
Worldwide
Key people
  • Dave Habiger (Chairman)
  • Jon Kirchner (CEO)
Brands
RevenueIncrease US$502 million (2022)
Decrease US$−749 million (2022)
Decrease US$−757 million (2022)
Total assetsDecrease US$737 million (2022)
Total equityDecrease US$463 million (2022)
Number of employees
c. 2,100 (2022)
Websitexperi.com
Footnotes / references
[1]

Xperi Inc. (formerly Tessera Holding Corporation; formerly Xperi Holding Corporation) is an American technology company 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 former subsidiary of Xperi, has licensed its chip packaging technology to numerous semiconductor manufacturers, including Intel and Samsung Electronics.[2]

As the company 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.[3] The surviving entity operates under the Xperi Holding Corporation name, and became one of the largest licensing companies in the world.[4][5] The merger was completed on June 1, 2020.[6] Xperi Corporation was reconfigured as a subsidiary of the combined company.

History[edit]

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[7]
  • 2006: Acquired DigitalOptics Corporation[8]
  • 2007 Acquired Eyesquad[9]
  • 2008: Acquired FotoNation[10]
  • 2009: Won International Trade Commission ruling against Motorola, Qualcomm, Freescale Semiconductor and Spansion in May[11]
  • 2011: Founded Invensas Corporation
  • November 2011: Samsung extends 2005 license agreement with Tessera[12]
  • 2013: Sold Micro-Optics business
  • 2013: Closed leased manufacturing facility in Zhuhai, China, and consolidated manufacturing capabilities in Taiwan [13]
  • 2014: Announced cessation of mems | cam manufacturing operations [14]
  • 2015 Acquired Ziptronix [15]
  • November 2016: Acquired assets from Pelican Imaging [16]
  • December 2016: Acquired DTS, Inc.[17]
  • February 2017: Tessera Holding Corporation became Xperi Corporation.[18]
  • March 2020: Xperi Corporation spins off smart device chip company Perceive[19]
  • June 2020: Xperi Corporation and TiVo Corporation merged[20]
  • May 2021: TiVo Corporation, wholly owned subsidiary of Xperi Holding Corporation, agrees to acquire MobiTV assets from Chapter 11 bankruptcy[21]
  • July 2022: Xperi Corporation acquired Vewd Software.[22]
  • October 2022: Xperi Holdings Corp. was renamed as Adeia Inc. and spun off Xperi Inc. Xperi Inc. will continue with its core technology operations whilst Adeia Inc. will lead the intellectual property licensing side of the business.[23][24]

References[edit]

  1. ^ "Xperi Inc. 2022 Annual Report (Form 10-K)". SEC.gov. U.S. Securities and Exchange Commission. March 6, 2023.
  2. ^ Vance, Ashlee (August 16, 2009). "A Determined Outpost of Tiny Technology". The New York Times. Retrieved August 17, 2009.
  3. ^ "Goldman Sachs Near Deal to Settle 1MDB Inquiry". The New York Times. December 20, 2019.
  4. ^ Spangler, Todd (December 19, 2019). "TiVo to Merge With Entertainment-Tech Firm Xperi in $3 Billion Deal". Variety. Retrieved December 19, 2019.
  5. ^ 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.
  6. ^ "Xperi and TiVo Complete Merger" (Press release). BusinessWire. June 1, 2020. Retrieved July 19, 2020.
  7. ^ "Tessera completes acquisition of Shellcase assets". EE Times. Retrieved December 28, 2005.
  8. ^ "Tessera Completes Acquisition of Digital Optics Corporation" (Press release). BusinessWire. July 18, 2006.
  9. ^ "Tessera buys Eyesquad for $18M, adds camera products to miniaturization portfolio". VentureBeat. February 1, 2007. Retrieved February 17, 2021.
  10. ^ "Tessera Completes Acquisition of FotoNation" (Press release). Bloomberg. Archived from the original on April 2, 2015. Retrieved February 12, 2008.
  11. ^ "Tessera Shares Climb on Patent Ruling". WirelessWeek. Associated Press. May 22, 2009. Retrieved August 17, 2009.[dead link]
  12. ^ "Samsung renews license agreement with Tessera". Reuters. November 16, 2011.
  13. ^ "Tessera Technologies Announces Strong Second Quarter 2014 Results" (Press release). Bezinga. BusinessWire. Retrieved August 4, 2014.
  14. ^ "Tessera Technologies Will Cease All Remaining mems|cam Manufacturing Operations" (Press release). BusinessWire. January 16, 2014.
  15. ^ "Tessera to Acquire Ziptronix, Inc. for $39 Million" (Press release). BusinessWire. August 27, 2015.
  16. ^ "Tessera Technologies Acquires Technology Assets From Pelican Imaging Corporation" (Press release). BusinessWire. November 1, 2016.
  17. ^ "Tessera Completes Acquisition of DTS" (Press release). BusinessWire. December 4, 2016.
  18. ^ "Tessera Holding Corporation Announces Name Change to Xperi Corporation" (Press release). BusinessWire. February 22, 2017.
  19. ^ "Xperi spins off smart device chip company Perceive, lands Arlo Technologies as customer". Silicon Valley Business Journal. March 20, 2020. Retrieved January 16, 2023.
  20. ^ "Xperi and TiVo Complete Merger" (Press release). BusinessWire. June 1, 2020. Retrieved January 16, 2023.
  21. ^ "TiVo Corporation Agrees to Acquire MobiTV Assets From Chapter 11 Bankruptcy" (Press release). BusinessWire.
  22. ^ "Xperi Acquires Vewd Software" (Press release). BusinessWire. July 5, 2022.
  23. ^ "Adeia Announces Executive Leadership Team and Board of Directors for Future Independent IP Licensing Business" (Press release). BusinessWire. September 28, 2022.
  24. ^ "Adeia Celebrates its First Day as a Leading Independent IP Licensing Company" (Press release). Adeia. October 3, 2022. Retrieved October 11, 2022.

External links[edit]


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