Chips&Media, Inc. a Korea-based company principally engaged in the development of system software. The Company mainly operates its business through provision of video codec intellectual property (IP) solutions for multimedia devices. The Company’s video codec IP solutions cover the full line-up of video standards such as motion picture experts group (MPEG)-2, MPEG-4, H.263, H.264/advanced video coding (AVC) and VC-1 from common image format (CIF) to high definition (HD) resolution. Its IP solutions are applied in the multimedia system on chip (SoC) as well as video/image. Its products consist of BODA video cores decode multiple format, CODA cores and others, which are applied in three dimension (3D) digital televisions (TVs), high-end set top boxes, digital camcorders, smart TVs, smart phones, tablets, digital video recorders (DVRs) and others.