Xperi
{{short description|American technology company}}
{{Distinguish|text=Xperia, a smartphone brand by Sony, or Experian}}
{{Use mdy dates|date=January 2024}}
{{use American English|date=August 2021}}
{{Cleanup|reason=Needs cleanup for advertorial layout, bullet points to prose, etc.|date=January 2024}}
{{Infobox company
| name = Xperi Inc.
| logo = Xperi Corporation Color Logo 2017.svg
| type = Public
| traded_as = {{ubl|{{NYSE|XPER}}}}
| foundation = {{Start date and age|1990}}
| former_names = {{ubl|Tessera Holding Corporation (1990–2017)|Xperi Holding Corporation (2017–2022)}}
| location_city = San Jose, California
| location_country = U.S.
| locations =
| area_served = Worldwide
| key_people = {{ubl|Dave Habiger (Chairman)|Jon Kirchner (CEO)}}
| industry = Technology, Pay television, Consumer electronics
| products =
| production =
| services =
| brands = {{ubl|DTS | TiVo | IMAX Enhanced|HD Radio}}
| revenue = {{increase}} {{US$|521 million|link=yes}} (2023)
| operating_income = {{decrease}} {{US$|−749 million}} (2022)
| net_income = {{decrease}} {{US$|−757 million}} (2022)
| aum =
| assets = {{decrease}} {{US$|737 million}} (2022)
| equity = {{decrease}} {{US$|463 million}} (2022)
| owner =
| num_employees = {{circa|2,100}} (2022)
| parent =
| website = {{URL|xperi.com}}
| footnotes ={{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1788999/000095017023006053/xper-20221231.htm |title=Xperi Inc. 2022 Annual Report (Form 10-K) |date=March 6, 2023 |website=SEC.gov |publisher=U.S. Securities and Exchange Commission}}
| intl =
}}
Xperi Inc. is an American multinational technology company headquartered in San Jose, California, that develops software for consumer electronics and connected cars, as well as media platforms for video service over broadband. The company is organized into four business units: Pay-TV, Consumer Electronics, Connected Car, and Media Platform. Xperi's brands include DTS, HD Radio, and TiVo.
Xperi Inc. was formerly part of Xperi Holding Corporation,{{Cite web |title=Inline XBRL Viewer |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1788999/000095017023006053/xper-20221231.htm |access-date=August 25, 2023 |website=sec.gov}} which was itself the result of significant M&A over many years, including publicly traded firms such as DTS, Inc. and TiVo Corporation.
History
Xperi Holding Corporation traces its roots to Tessera, Inc., which was founded in 1990 and renamed Tessera Technologies, Inc. prior to its initial public offering in 2003.{{Cite web |title=Form S-1 |url=https://www.sec.gov/Archives/edgar/data/1261694/000119312503045596/ds1.htm |access-date=August 25, 2023 |website=sec.gov}} Tessera developed chip-scale packaging technologies that were broadly licensed in the semiconductor industry.
In 2008, Tessera acquired FotoNation,{{Cite web |date=April 2, 2015 |title=Tessera Completes Acquisition of FotoNation – Bloomberg |website=Bloomberg News |url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=arxV_auL8yk4 |access-date=August 25, 2023 |archive-date=April 2, 2015 |archive-url=https://web.archive.org/web/20150402105345/https://www.bloomberg.com/apps/news?pid=newsarchive&sid=arxV_auL8yk4 |url-status=bot: unknown}} which specialized in image enhancement and analysis, and in 2016 Tessera acquired DTS, Inc., an audio technologies company. DTS had previously acquired iBiquity Digital Corporation in 2015,{{Cite web |title=DTS Acquires iBiquity Digital {{!}} Mergr M&A Deal Summary |url=https://mergr.com/dts-acquires-ibiquity-digital |access-date=August 25, 2023 |website=mergr.com}} which developed the North American digital audio broadcast standard known as HD Radio.
At the completion of the acquisition of DTS in December 2016, Tessera Technologies, Inc. became Tessera Holding Corporation,{{Cite web |title=8-K |url=https://www.sec.gov/Archives/edgar/data/1261694/000119312516782591/d298517d8k.htm |access-date=August 25, 2023 |website=sec.gov}}{{Cite web |date=December 1, 2016 |title=Tessera Completes Acquisition of DTS |url=https://www.businesswire.com/news/home/20161201005268/en/Tessera-Completes-Acquisition-of-DTS |access-date=August 25, 2023 |website=businesswire.com |language=en}} and two months later began operating under the new corporate name Xperi Corporation.{{Cite web |title=Form 8-K |url=https://www.sec.gov/Archives/edgar/data/1690666/000119312517058910/d330804d8k.htm |access-date=August 25, 2023 |website=sec.gov}}{{Cite web |date=February 22, 2017 |title=Tessera Holding Corporation Announces Name Change to Xperi Corporation |url=https://www.businesswire.com/news/home/20170222005478/en/Tessera-Holding-Corporation-Announces-Name-Change-to-Xperi-Corporation |access-date=August 25, 2023 |website=businesswire.com |language=en}}
On December 19, 2019, Xperi Corporation and TiVo Corporation announced their intent to merge.{{Cite web |last=Spangler |first=Todd |date=December 19, 2019 |title=TiVo to Merge With Entertainment-Tech Firm Xperi in $3 Billion Deal |url=https://variety.com/2019/digital/news/tivo-to-merge-with-entertainment-tech-firm-xperi-in-3-billion-deal-1203448604/ |access-date=August 25, 2023 |website=Variety |language=en-US}}{{Cite web |last=Gartenberg |first=Chaim |date=December 19, 2019 |title=TiVo to merge with Xperi to create 'one of the largest licensing companies in the world' |url=https://www.theverge.com/2019/12/19/21029945/tivo-xperi-merger-dvr-rovi-deal-patent-licensing |access-date=August 25, 2023 |website=The Verge |language=en-US}} The merger was completed on June 1, 2020.{{Cite web |date=June 1, 2020 |title=Xperi and TiVo Complete Merger |url=https://www.businesswire.com/news/home/20200601005246/en/Xperi-and-TiVo-Complete-Merger |access-date=August 25, 2023 |website=businesswire.com |language=en}} The combined entity operated under the name Xperi Holding Corporation, and became one of the largest intellectual property (IP) and product licensing companies in the world. On October 1, 2022, the product business of Xperi Holding Corporation was separated from the IP licensing business and spun-off as a stand-alone public company named Xperi Inc., trading on the New York Stock Exchange under the ticker symbol XPER.{{Cite web |date=October 10, 2022 |title=Xperi Inc. Completes its Spin-Off to Become an Independent Public Company |url=https://finance.yahoo.com/news/xperi-inc-completes-spin-off-010000359.html |access-date=August 25, 2023 |website=Yahoo Finance |language=en-US}} At the same time, Xperi Corporation, consisting of the remaining IP licensing business, changed its name to Adeia Inc. and began trading on the Nasdaq Stock Market under the ticker symbol ADEA.{{Cite web |title=On October 3, Xperi Inc. to Ring NYSE Opening Bell; Adeia Inc. to Ring Nasdaq Closing Bell – IPO Edge |url=https://ipo-edge.com/on-october-3-xperi-inc-to-ring-nyse-opening-bell-adeia-inc-to-ring-nasdaq-closing-bell/ |access-date=August 25, 2023 |language=en-US}}
= Events =
- September 2003: Tessera Technologies, Inc. became Tessera Holding Corporation.
- February 2008: Acquired FotoNation.
- December 2016: Acquired DTS, Inc.;
- February 2017: Tessera Holding Corporation became Xperi Corporation.
- June 2020: Xperi Corporation and TiVo Corporation merged and formed Xperi Holding Corporation.
- May 2021: TiVo Corporation, wholly owned subsidiary of Xperi Holding Corporation, agrees to acquire MobiTV assets from Chapter 11 bankruptcy.{{Cite web |date=May 12, 2021 |title=TiVo Corporation Agrees to Acquire MobiTV Assets From Chapter 11 Bankruptcy |url=https://www.businesswire.com/news/home/20210512006063/en/TiVo-Corporation-Agrees-to-Acquire-MobiTV-Assets-From-Chapter-11-Bankruptcy |access-date=August 25, 2023 |website=businesswire.com |language=en}}
- July 2022: Xperi Holding Corporation acquired Vewd Software.{{Cite web |date=July 5, 2022 |title=Xperi Acquires Vewd Software |url=https://www.businesswire.com/news/home/20220705005261/en/Xperi-Acquires-Vewd-Software |access-date=August 25, 2023 |website=businesswire.com |language=en}}
- October 2022: Xperi Holdings Corporation spun-off its product technology operations as Xperi Inc. (NYSE: XPER), and renamed the intellectual property licensing business Adeia Inc. (Nasdaq: ADEA).[
Products
Products within Xperi's four business units are as follows:
Pay TV
- Classic Guides – providing interactive programming guides for linear TV through set-top boxes.
- Personalized Content Discovery (PCD){{Cite web |date=October 22, 2020 |title=Foxtel Selects TiVo's Personalized Content Discovery, Conversation Service to Power Voice Search |url=https://www.businesswire.com/news/home/20201022005718/en/Foxtel-Selects-TiVo%E2%80%99s-Personalized-Content-Discovery-Conversation-Service-to-Power-Voice-Search |access-date=October 2, 2023 |website=businesswire.com |language=en}} – a content discovery platform providing metadata and search and recommendations technology to discover and recommend appropriate content across linear TV, subscription, and internet-delivered programing.
- IPTV – Streaming video services and interactive programming guides across internet protocol (IP) networks provided as either a fully-managed service or software download to a set-top box, mobile, or web device.{{Cite web |date=August 25, 2023 |title=TiVo's IPTV platform expands into EMEA |url=https://www.broadbandtvnews.com/2023/08/25/tivos-iptv-platform-expands-into-emea/ |access-date=October 2, 2023 |website=Broadband TV News |language=en-GB}}
- Consumer Hardware and Subscriptions –TiVo DVR hardware and subscriptions.
- TiVo+(plus) – free ad-supported streaming service providing more than 150 channels of TV and video on demand content.{{Cite web |last=Perez |first=Sarah |date=October 15, 2019 |title=TiVo's ad-supported streaming service, TiVo Plus, launches today |url=https://techcrunch.com/2019/10/15/tivos-ad-supported-streaming-service-tivo-plus-launches-today/ |access-date=October 2, 2023 |website=TechCrunch |language=en-US}}
Consumer Electronics
- DTS:X – high-definition audio codec supporting creation, distribution and playback of immersive audio for cinema, and consumer electronics such as TVs, soundbars, AV equipment, laptops, tablets, and other mobile devices.{{Cite web |last=updated |first=Joe Cox last |date=July 15, 2021 |title=DTS:X: what is it? How can you get it? |url=https://www.whathifi.com/advice/dtsx-what-it-how-can-you-get-it |access-date=October 2, 2023 |website=What Hi-Fi? Sound and Vision |language=en}}
- DTS Headphone:X – Spatial audio technology supporting rendering of immersive audio from movies, music, and gaming on headphones.{{Cite web |last=Schiffer |first=Alex |date=January 2, 2023 |title=What Is DTS Headphones X And How Do I Use It? - Major HiFi |url=https://majorhifi.com/what-is-dts-headphones-x-and-how-do-i-use-it/,%20https://majorhifi.com/what-is-dts-headphones-x-and-how-do-i-use-it/ |access-date=October 2, 2023 |website=majorhifi.com |language=en-US}}
- IMAX Enhanced – a partnership between IMAX Corporation and DTS to bring the immersive technology used in cinema directly to consumer electronics, laptops, desktops, and certain portable devices.{{Cite web |date=April 20, 2022 |title=What is IMAX Enhanced? What you need to know about the home cinema format |url=https://www.trustedreviews.com/explainer/what-is-imax-enhanced-4106584 |access-date=October 2, 2023 |website=Trusted Reviews |language=en}}
- DTS Play-Fi – Whole-home wireless audio technology for consumer electronic devices.{{Cite web |last1=Roberts |first1=Becky |last2=published |first2=Adam Smith |date=February 2, 2021 |title=DTS Play-Fi: what is it? What speakers and devices support it? |url=https://www.whathifi.com/advice/dts-play-fi-everything-you-need-to-know |access-date=October 2, 2023 |website=What Hi-Fi? Sound and Vision |language=en}}
Connected Car
- HD Radio – broadcast standard for North American digital radio across the FM and AM band.
- DTS AutoStage – in-cabin entertainment platform combining broadcast radio, music, video and gaming delivered across internet protocol (IP) networks to automobiles.{{Cite web |last=Sakurai |first=Jason R. |date=February 9, 2021 |title=Xperi's DTS AutoStage is the Next Big Thing in Infotainment |url=https://www.thetruthaboutcars.com/2021/02/xperis-dts-autostage-is-the-next-big-thing-in-infotainment/ |access-date=October 2, 2023 |website=thetruthaboutcars.com |language=en}}
Media Platform
- TiVo Operating System (TiVo OS) – an unbiased smart TV operating system that aggregates content across SVOD, AVOD and FAST channels, utilizing personalized content discovery and voice navigation.{{Cite web |last=Peters |first=Jay |date=October 22, 2022 |title=TiVo is making its case as a smart TV platform |url=https://www.theverge.com/2022/10/22/23417241/tivo-os-smart-tv-platform-xperi |access-date=October 2, 2023 |website=The Verge |language=en-US}}
- Monetization – Advertising revenue generated from in Guide ad units and ad-supported content viewed through a variety of Xperi platforms, such as the Classic Guides, TiVo OS, TiVo+, and PCD.
- Metadata – Extensive database providing comprehensive, complimentary data about music{{Cite magazine |last=Krzaczek |first=Katie |date=March 7, 2018 |title=TiVo Music Metadata to Provide Select Artist Photos on Google's Music Services |url=https://www.billboard.com/music/music-news/tivo-music-metadata-artist-photos-google-music-8232521/ |access-date=October 2, 2023 |magazine=Billboard |language=en-US}} and video content, including The Movie Database (TMDB) through Rovi.{{Cite web |last=Munson |first=Ben |date=November 4, 2020 |title=TiVo's Deep Discovery tool gets moody with metadata |url=https://www.streamtvinsider.com/tech/tivo-s-deep-discovery-tool-gets-moody-metadata |access-date=October 2, 2023 |website=StreamTV Insider |language=en}}{{Cite web |last=Schonfeld |first=Erick |date=December 16, 2010 |title=Fanhattan Promises Better Internet TV Through The Power Of Data (TCTV) |url=https://techcrunch.com/2010/12/16/fanhattan/ |access-date=January 4, 2024 |website=TechCrunch |language=en-US}}
References
{{Reflist}}
External links
- {{OpenCorp|Tessera Technologies}}
{{Authority control}}
Category:American companies established in 1990
Category:Companies listed on the Nasdaq
Category:Fabless semiconductor companies
Category:Manufacturing companies based in San Jose, California
Category:Semiconductor companies of the United States
Category:Technology companies based in the San Francisco Bay Area