Chips&Media Signs Next-Gen 'AV2' Video IP Licensing Deal with North American Big Tech, Strengthening Global Standards Leadership

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Chips&Media - AV2 LicensingSEOUL, 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.Accelerating AV2 Ecosystem Expansion:Consecutive Licensing Success with North American Big TechThis agreement goes beyond a one-time transaction; it is a significant milestone representing consecutive licensing success built on a strategic partnership with a long-standing North American Big Tech client. Following the previous APV (WAVE-P) CODEC agreement, the sequential adoption of the next-gen AV2 standard proves that Chips&Media’s technology is an indispensable element in the client’s future flagship roadmap.As the AV CODEC ecosystem—driven by global OTT giants like YouTube (Google) and Netflix—expands rapidly, the choice of Chips&Media’s independent AV2 HW IP by a leading North American tech giant will further accelerate next-generation video standardization across the entire Android and edge device ecosystem.Strategic Collaboration and Contribution to the AOM (Alliance for Open Media) EcosystemAs a key member of AOM, Chips&Media has maintained a close collaborative relationship with the organization for several years. Having already successfully commercialized and deployed AV1 encoder and decoder IPs in the global market, Chips&Media is contributing significantly to the expansion of the open, high-efficiency video ecosystem by proactively developing and supplying the AV2 decoder. By responding swiftly from the standard finalization stage, Chips&Media plays a pivotal role in enabling partners to adopt the latest CODEC technologies with maximum stability.Driving Video Innovation in Future Flagship Devices:8K High-Resolution and Optimized HW DesignThe licensed AV2 IP is expected to be deployed in the flagship devices of the North American client soon, providing an unmatched user experience in ultra-high-resolution environments.Implementing Technical Superiori...

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