San Jose-based Tessera Technologies, licensor of proprietary integrated chip technology patents to such mobile developers as Motorola, agreed to extend their mutually beneficial agreement in to 2009.

Tessera, who does not produce any integrated chips, and rather simply holds 344 patents (with another 63 on the way) regarding semiconductors particularly for the communications and wireless technologies markets. Their main patent market involves miniaturization and chip-scaling technologies.

The agreement between the companies provides Motorola the option contract to take permit of a number of Tessera’s chip miniaturization technologies - no time periods or compensation information has been released by either company regarding this contract.

This agreement offers to settle all previous litigation between the two companies - a number of ongoing International Trade Commission investigations currently still rely on Motorola as one of the respondents, until the point which Motorola accepts the option and formally drops all litigation.

Tessera Technologies, NASDAQ ticker TSRA is up nearly 3 per cent, mid-trading day after the announcement, Motorola however is seeing a near 2 per cent loss in trades Monday.

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