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Chips & Media signs US$1.6m video IP licensing contract

[DISCLOSURE] Chips & Media (094360) has signed a 18.9 billion won (US$1.6 million) contract with a Japanese semiconductor company for video intellectual property licensing, it announced on June 29. This amounts to 15.71 percent of its recent revenue. The other party of the contract will remain confidential due to its nondisclosure clause.
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