[Edaily Reporter Hyera Lee ] Chips&Media, Inc.(094360), a company specializing in multimedia video intellectual property (IP) technology, is surging by 12% in early trading. According to MP Doctor on the 2nd, Chips&Media, Inc. is trading at 13,740 won as of 9:12 a.m. today, up 12.99% from the previous trading day. This surge in buying interest is believed to be driven by news that Chips&Media, Inc. recently signed a licensing agreement with G, a global big tech company based in North America, for its next-generation multimedia codec (Advanced Professional Video, APV) hardware IP, “WAVE-P.” According to Chips&Media, Inc., under this agreement, WAVE-P is set to be the first in the world to be integrated into the next-generation flagship devices that Company G will launch in the future. The company explained that, following this agreement, APV is expected to establish itself as a new global standard for high-quality video across Android and edge devices. Following a 5.43% gain the previous day, Chips&Media, Inc. has continued to rise for two consecutive days.
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