Xperi Q2 Revenue Up on HD Radio Gains; Mobile Business Drops
DTS’ automotive business had 19 percent gains in Q2 vs. the year-ago quarter, driven by HD Radio penetration in North America, said Jon Kirchner, CEO of parent company Xperi, on a Thursday earnings call. HD Radio launched in many car…
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models, he noted, and its DTS Connected Radio automotive platform is due in cars for 2018 and 2019. The platform, which combines terrestrial radio with IP delivery, launched at NAB in April and was demonstrated at forums in Tokyo and Geneva, Kirchner said. DTS has been working with broadcasters in the U.S., Asia, South America and Europe on launch plans, he said. On alleged patent infringement issues at its Tessera semiconductor business, Kirchner said discussions with Broadcom and Samsung are “very dynamic.” The company is working to renew a license with Samsung but “litigation remains a strong possibility,” he said. Samsung “is continuing to use our patented technologies broadly across its products,” Kirchner said. On Broadcom, Kirchner cited the International Trade Commission administrative law judge ruling in June (see 1707050024) finding that Patent No. 6,849,946 was valid, infringed and had a domestic industry, and noted parties filed petitions for review of the decision before the full ITC (see 1707140036). Tessera expects a final decision by Oct. 30.