Chips&Media Signs Next-Gen 'AV2' Video IP Licensing Deal with North American Big Tech, Strengthening Global Standards Leadership
SEOUL, South Korea, June 25, 2026 (GLOBE NEWSWIRE) -- Chips&Media (CEO Steve Kim, KOSDAQ: 094360), a leading global provider of video IP technology, announced today that it has signed a licensing agreement for its next-generation high-efficiency video CODEC, AV2 (AOMedia Video 2) decoder IP, with a world-renowned North American Big Tech company. This licensing includes multi standard video codec IP, H.264/AVC, H.265/HEVC, AV1 together with AV2. This deal positions Chips&Media at the epicenter
SEOUL, South Korea, June 25, 2026 (GLOBE NEWSWIRE) -- Chips&Media (CEO Steve Kim, KOSDAQ: 094360), a leading global provider of video IP technology, announced today that it has signed a licensing agreement for its next-generation high-efficiency video CODEC, AV2 (AOMedia Video 2) decoder IP, with a world-renowned North American Big Tech company. This licensing includes multi standard video codec IP, H.264/AVC, H.265/HEVC, AV1 together with AV2. This deal positions Chips&Media at the epicenter of the global video standards competition, further solidifying its market dominance.
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