Court of Arbitration issues $60.6M to Tessera

International Chamber of Commerce's International Court of Arbitration has issued an award of $60.6 million to Tessera Technologies Inc. for Amkor's material breach of its license agreement. This amount covers the time period March 2, 2002 through Dec. 1, 2008 and does not include pre-judgment interest, which will be calculated at a 3 percent simple rate.

"We are pleased the International Court of Arbitration found our patents valid and enforceable, accepted Dr. Qu's testing methodology and calculations for proving that products were made under the patents, and granted the entire amount of damages we requested following the interim award," said Henry Nothhaft, president and CEO of Tessera. "The entire payment from Amkor is due by Feb. 15, 2009."

The patents at issue in the arbitration are U.S. Patent No. 5,852,326 (the '326 Patent), U.S. Patent No. 6,433,419 (the '419 Patent), U.S. Patent No. 6,465,893 (the '893 Patent), and U.S. Patent No. 5,679,977 (the '977 Patent). The '326 and '419 patents are also being asserted in the U.S. International Trade Commission (ITC) Investigation No. 337-TA-605 (Wireless ITC action) and in Investigation Number 337-TA-649 (the Subcon ITC Action). The '977 patent is also being asserted in the Subcon ITC Action and in Investigation Number 337-TA-630 (the DRAM ITC Action).