Xperi Corporation Investor Presentation — January 2018

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ASC 606, Business Metrics and

Robert Andersen –Chief Financial Officer

January 25, 20182This presentation contains forward -looking statements, which are made pursuant to the safe harbor provisions of the Private Secu rities Litigation Reform Act

of 1995. Forward -looking statements involve risks and uncertainties that could cause actual results to differ significantly fro m those projected, particularly with

respect to the anticipated impact of the new revenue accounting standards and the Company’s planned business metrics and guid ance approach. Material

factors that may cause results to differ from the statements made include the plans or operations relating to the businesses of the Company; market or

industry conditions; changes in patent laws, regulation or enforcement, or other factors that might affect the Company's abil ityto protect or realize the value of

its intellectual property; the expiration of license agreements and the cessation of related royalty income; the failure, ina bility or refusal of licensees to pay

royalties; initiation, delays, setbacks or losses relating to the Company's intellectual property or intellectual property li tigations, or invalidation or limitation of

key patents; fluctuations in operating results due to the timing of new license agreements and royalties, or due to legal cos ts;the risk of a decline in demand

for semiconductors and products utilizing our audio and imaging technologies; failure by the industry to use technologies cov ered by the Company's patents;

the expiration of the Company's patents; the Company's ability to successfully complete and integrate acquisitions of busines ses; the risk of loss of, or

decreases in production orders from, customers of acquired businesses; financial and regulatory risks associated with the int ernational nature of the

Company's businesses; failure of the Company's products to achieve technological feasibility or profitability; failure to suc cessfully commercialize the

Company's products; changes in demand for the products of the Company's customers; limited opportunities to license technolog iesdue to high concentration

in applicable markets for such technologies; the impact of competing technologies on the demand for the Company's technologie s; pricing trends, including

the Company's ability to achieve economies of scale; and other developments in the markets in which the Company operates, as well as management's

response to any of the aforementioned factors. You are cautioned not to place undue reliance on the forward -looking statements, which speak only as of the

date of this presentation.

The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the ot hercautionary statements that