Tessera Technologies, Inc. (NASDAQ:TSRA) (the “Company” or “we”) announced its results for the second quarter ended June 30, 2012.
“We generated $92 million in Intellectual Property revenue in the first half of 2012,” stated Robert A. Young, chief executive officer and president, Tessera Technologies, Inc. “We are pleased with the progress we have made to date in our licensing discussions with current and potential customers of our patent portfolios. In addition, Invensas Corporation introduced two new semiconductor packaging technologies in the first half. We are taking key steps toward the commercial adoption of these next-generation technologies.
“Turning to our DigitalOptics segment, in the first half of this year we achieved significant operational milestones toward our goal of becoming a vertically integrated Original Design Manufacturer (ODM), including most recently our acquisition of the Vista Point Technologies camera module manufacturing assets from Flextronics. We are engaged in discussions with multiple Tier One and other mobile phone manufacturers for initial commercial adoption of our MEMS autofocus technology. As discussed previously, we believe growth in our DigitalOptics segment will come from the sale of integrated camera modules using our MEMS autofocus technology to the $9 billion market for mobile phone cameras.”
Second Quarter 2012
- Total revenues were $61.4 million.
- Intellectual Property segment revenues were $53.0 million.
- DigitalOptics segment revenues were $8.4 million.