Chips&Media Patents VVC Video Standard, Poised for Additional Royalty Revenue
Seoul, South Korea – Feb 17, 2025 -- Chips&Media (094360) announced on February 3rd that it has begun receiving royalty revenue following the registration of a patent for the next-generation video codec standard, VVC (Versatile Video Coding). This patent, jointly filed by Chips&Media and the Electronics and Telecommunications Research Institute (ETRI), represents the successful culmination of a technical collaboration between the two organizations.
VVC, a high-efficiency video compression standard, succeeds HEVC (H.265) and boasts twice the efficiency. Optimized for the burgeoning VR and 360-degree video market, VVC supports 16K ultra-high resolution, HDR (10- and 16-bit color depth and up to 10,000 nits’ brightness), and frame rates from 0 to 120 fps. Market trends, driven by VR market growth and display advancements, are accelerating the adoption of this technology.
This patent registration mandates that major set makers utilizing VVC technology pay royalties. These royalties are distributed equitably among the companies holding VVC standard patents, with Chips&Media now a beneficiary.
"This achievement is the result of independent technology development and collaborative research with our partner, ETRI," the company stated. "We anticipate growth in sales volume due to the expansion of a new video standard royalty revenue model, supplementing our existing IP business."
Industry experts project steady growth in royalty revenues for patent-holding companies as the VVC standard proliferates. The rapid expansion of high-speed networks and streaming services further underscores the increasing importance of next-generation video codec technology as a key industrial asset.
Related Semiconductor IP
Related News
- "Video For Machines" Using MPEG's New CDVA Standard, On Gyrfalcon's Industry Leading Chips
- VESA Publishes DisplayPort 2.0 Video Standard Enabling Support for Beyond-8K Resolutions, Higher Refresh Rates for 4K/HDR and Virtual Reality Applications
- Next Generation Video Codec Standard Proposed: MPEG Video Coding for Machines (VCM)
- Chips&Media Adds Extraordinary Features in the Next-Generation Video Codec IPs, introducing the WAVE6 Series
Latest News
- CAST Releases First Dual LZ4 and Snappy Lossless Data Compression IP Core
- Arteris Wins “AI Engineering Innovation Award” at the 2025 AI Breakthrough Awards
- SEMI Forecasts 69% Growth in Advanced Chipmaking Capacity Through 2028 Due to AI
- eMemory’s NeoFuse OTP Qualifies on TSMC’s N3P Process, Enabling Secure Memory for Advanced AI and HPC Chips
- AIREV and Tenstorrent Unite to Launch Advanced Agentic AI Stack