# Chips&Media signs KRW 2B video codec IP license with US chip firm

Chips&Media has signed a KRW 2 billion (approx. USD 1.8 million) video codec IP license contract with an unnamed US semiconductor company for smart TVs and set-top boxes. The three-year contract is the company's largest overseas license deal.

- Type: Contract
- Announced: 2019-01-23
- Where: United States
- Value: $1.80M (2.00B KRW)
- Status: completed
- Products: video codec IP
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Chips&Media](https://endata.com/companies/36833.md) (supplier)

## Sources

- [asiae.co.kr](https://www.asiae.co.kr/article/2019012315520196628), 2019-01-23: "이번 계약은 해외 라이선스 계약으로는 사상 최대규모다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.