HD Radio Parent Company Changes Name
Tessera is now under the Xperi Corp. umbrella
February 23, 2017
SAN JOSE, Calif. — The corporate structure of which digital technology HD Radio is a part has been evolving quickly: Tessera Holding Corp., parent company of HD Radio owner DTS Inc., has changed its name to Xperi Corp.
The company’s Nasdaq symbol changes from TSRA to XPER.
DTS is now a subsidiary of Xperi, as are FotoNation, Invensas and Tessera. The parent entity has about 700 employees in total; Tom Lacey is CEO.
It was just a few months ago that Tessera Holding announced its $850 million deal to acquire DTS, and it was only a year or so before that when DTS entered into an agreement to acquire HD Radio developer iBiquity Digital Corp.
Xperi describes itself as “a product and technology licensing company.” Our technologies and intellectual property are deployed in areas such as premium audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, 3D semiconductor interconnect and packaging. We invent smart sight and sound technologies that enhance and help to transform the human connected experience.”
A version of this article originally appeared on RadioWorld.com, sister publication of Radio magazine.