Chips&Media Signs License Agreement for 'Next-Generation Multimedia IP' with U.S. Big Tech Company

Chips&Media has signed a license agreement with a major U.S. big tech company (large information technology enterprise) for its next-generation high-efficiency multimedia IP, 'AV2 (AOMedia Video 2)'.

According to Chips&Media on June 17, the license covers not only AV2 but also multi-standard IPs such as H.264/AVC, H.265/HEVC, and AV1. With this agreement, Chips&Media has further solidified its market dominance as a central player in the global video standard competition.

The AV2 IP is expected to be adopted in customers' flagship devices, delivering a differentiated user experience in ultra-high-resolution environments. The next-generation AV2 standard offers approximately 20–30% improved compression efficiency compared to AV1, allowing video of the same quality to be transmitted with less bandwidth. Chips&Media has efficiently implemented the newly introduced, complex coding tools of AV2 in its hardware architecture, enabling virtually lossless, ultra-high-definition video while reducing the data transmission burden.

Chips&Media's 'WAVE' series is designed for industry-leading low power consumption and ultra-compact form factors. Even in 8K@60fps and 4K@240fps environments, it minimizes hardware footprint, enhancing customers' SoC design flexibility, and achieves significant power savings through algorithm optimization. This enables stable high-resolution video processing even in mobile and on-device environments sensitive to heat, and, beyond maximizing single-core performance, supports custom configurations based on multi-core architecture—providing wide scalability from high-performance smartphones to professional video equipment.

Chips&Media CEO Sanghyun Kim said, "This AV2 license agreement demonstrates our firm leadership in the next-generation global multimedia IP market alongside our U.S. big tech partner," adding, "We will continue to generate synergy across industries based on our proven technological capabilities and trust, and further expand our market influence."

This content was produced with the assistance of AI translation services.