Ki Semiconductor Investment Co., Ltd. completed the acquisition of 26.5% of stake in Chips&Media, Inc. from Telechips Inc..
July 21, 2022
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Ki Semiconductor Investment Co., Ltd. agreed to acquire 26.5% of stake in Chips&Media, Inc. (KOSDAQ:A094360) from Telechips Inc. (KOSDAQ:A054450) for KRW 58.3 billion on April 22, 2022. As per update on July 21, 2022, the consideration has been revised to KRW 51.01 billion. Post completion, Telechips Inc. will hold 0.77 million shares representing 8% stake in Chips&Media, Inc. The transaction is expected to close in June, 2022. As of July 18, 2022, the transaction is expected to close on July 22, 2022.
Ki Semiconductor Investment Co., Ltd. completed the acquisition of 26.5% of stake in Chips&Media, Inc. (KOSDAQ:A094360) from Telechips Inc. (KOSDAQ:A054450) on July 22, 2022.
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 Companyâs 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.
CHIPS&MEDIA, INC. 
