Chips&Media Completes Development of Next-Gen 'AV2' HW Decoder IP, Accelerating Global Market Leadership

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4K/8K Multi format IP supporting AV2 decoderSEOUL, South Korea, June 10, 2026 (GLOBE NEWSWIRE) -- Chips&Media (CEO Steve Kim, KOSDAQ:094360, a leading global provider of video IP technology, announced today that it has completed the development of its hardware IP supporting AV2, the next-generation high-efficiency video codec from AOMedia (Alliance for Open Media). This development positions Chips&Media at the epicenter of the global video standards competition, adding the latest technology to its comprehensive lineup that covers all major video standards.KOSDAQ:094360), a leading global provider of video IP technology, announced today that it has completed the development of its hardware IP supporting AV2, the next-generation high-efficiency video codec from AOMedia (Alliance for Open Media)." data-filename="image.jpg" />Pinnacle of AV2 Technology:Optimized HW Implementation of Advanced Coding ToolsAV2 is designed to provide an improvement in compression efficiency of approximately 20-30% or more compared to AV1. Chips&Media's core competitive advantage lies in its ability to seamlessly implement and optimize the complex, newly introduced coding tools within the AV2 standard into a low-power hardware architecture. This ensures robust performance and high fidelity in video processing. The newly developed AV2 decoder will be integrated into the ‘WAVE’ series, Chips&Media's flagship multi-codec lineup. Furthermore, it will be offered in customizable configurations—supporting combinations with other standard codecs and specific performance targets such as 4K@240fps or 8K@60fps based on customer requirements.Strategic Value and Standardization in the North American OTT MarketMajor North American OTT giants, including YouTube (Google) and Netflix, are currently leading the expansion of the AV codec ecosystem to reduce data costs and enhance user experience. By proactively developing AV2 IP in line with these market trends, Chips&Media has secured strong justification in the next-generation video streaming device and SoC markets.Strengthening Global Partnerships within the AOM EcosystemChips&Media continues to play an important role as a key contributor to the global video standard landscape. “As video data consumption surges globally, AV2 will play a pivotal role in delivering efficient and high-quality streaming experiences. Chips&Media has been a vital partn...

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