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Chips&Media Opens a Research Center in Daegu Techno Park at the End of March

Seoul, South Korea – Feb 29, 2024

Chips&Media, led by CEO Kim Sang-hyun, a leading company specializing in semiconductor video intellectual property (IP), announced the establishment of Daegu Research Center. The research center will be located at the Dongdaegu Campus of Daegu Techno Park and is scheduled to open in March.

Founded in 2003 and headquartered in Gangnam-gu, Seoul, Chips&Media is a KOSDAQ-listed fabless company with a strong focus on semiconductor design of intellectual property (IP). Over the years, the company has developed cutting-edge semiconductor IP products, including video codecs and neural processing units (NPU), primarily used for image data processing in automotive applications. With a track record of providing IP solutions to over 150 global companies, Chips&Media continues to drive innovation in the semiconductor industry.

Chips&Media, since last year, has been cooperating with Daegu City to establish connections with local universities and has expanded its workforce in the region. The newly recruited personnel from the region are currently undergoing on-the-job training at the company’s Seoul headquarters and will be assigned to the Daegu Research and Development (R&D) center in the near future.

The decision to launch the Daegu Research Center was influenced by the presence of leading educational institutions in the area, such as Gyeongbuk National University and Daegu Gyeongbuk Institute of Science and Technology (DGIST). These institutions have been instrumental in producing highly skilled semiconductor experts, ensuring a steady source of qualified R&D personnel for the research center.

The CEO of Chips&Media, stated, “We intend to intensify our R&D efforts in response to the growing demand from industries like mobility and robotics, leveraging the semiconductor manpower from institutions like Gyeongbuk National University and DGIST.”

Meanwhile, Daegu City is prioritizing the development of R&D infrastructure and implementing a systematic approach to professional manpower training to nurture the semiconductor industry. This year, the city plans to dedicate efforts to establishing an ecosystem for the fabless industry by launching an intelligent semiconductor design support center.

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