Chips&Media had 6 licensees of HEVC Codec IP - WAVE420 in 2014

Seoul, Korea – Jan. 23, 2015 – Chips&Media Inc., a leading video codec IP provider, announced today that its HEVC codec hardware IP, WAVE420™ has been licensed to 6 worldwide major SoC makers since its first shipment in the first half of 2014.

WAVE420™ is a real-time hardware codec IP core implementing the HEVC standard. It is capable of encoding or decoding up to 4Kx2K (UHD) 4:2:0 10bit video at 30fps. SoC manufacturers adopting WAVE420 are now spurring the development of a broad range of SoCs for not only mobile APs but high-end cameras, automotive, security, and more. As some of them are about to launch their mass produced product in early 2015, Chip&Media’s royalty revenue is anticipated to grow.

WAVE420™ is well featured with improved high encoding quality and embedded frame buffer compression technology (CFrame™). Particularly, the customers are highly satisfied with the relatively low bandwidth for UHD - requiring only as little as typical bandwidth for full HD, even though pixels of UHD are 4 times those of full HD. Chips&Media Inc., foresees that this year many more SoCs empowered by WAVE420™ are expected to be rolled out with several semiconductor companies now under discussion about adoption of the IP.

Chips&Media has a plan to launch a few more HEVC IPs based on the market-proven WAVE420 in 2015 in order to solidify its position in the industry: WAVE412, an IP combination of HEVC and Google VP9 decoder with small size, WAVE420L for the low-cost edition, and WAVE420S for the high-end edition.

About Chips&Media

Chips&Media is a leading video IP provider based in Seoul, Korea (Republic of). Its advanced ultra-low power and high performance video technology has been chosen by more than 70 top-tiers based in US, Europe, Korea, Taiwan, China and Japan and has proven in silicon reaching 250 millions of units. For more information, please visit the company’s web site at www.chipsnmedia.com