# Chips&Media signs $5 million IP license contract with Chinese AI SoC company

Chips&Media signed a $5 million IP license contract with a Chinese AI SoC semiconductor development company, including video IP and NPU IP, the largest single IP license contract in its history.

- Type: Contract
- Announced: 2024-09-30
- Where: China
- Value: $5.00M
- Status: announced
- Products: video IP, NPU 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/en/article/2024093010090707021), 2024-09-30: "This contract is significant as it is the first license contract for our new technology, the video-specialized AI NPU IP."

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