Sondrel, a leading provider of ultra-complex custom chips for global technology brands, announced that it has been awarded a major ASIC design and supply contract for next-generation video processing chips. Ultra-complex custom designs form a key part of high-performance, professional video streaming solutions. The Enterprise Video Streaming Marketplace provides live video streaming and video hosting to multiple viewers and is specifically designed to have very low latency and provide an enhanced, high-quality user experience.
Sondrell’s commitment to designing and supplying market-leading, low-latency, custom ICs for leading companies positions this customer as an innovator in this market. Design has begun and will be fully funded by the customer. Chip production and supply is expected to begin in 2026.
A report from GrandView Research predicts that the global video streaming market will grow at a compound annual growth rate of more than 21% from 2023 to 2030, up from $106 billion in 2023. This growing demand is being driven by the introduction of AI, with significant innovations occurring across the sector to improve speed and security capabilities. To remain competitive, many system manufacturers are choosing to develop ASICs to differentiate their products, creating a significant growth opportunity for custom ASIC design specialists like Sondrell.
Graham Curren, founder of Sondrel, said: “We are pleased to announce this new design and supply initiative in a key growth market experiencing significant innovation and adoption around the world. In markets that require ultra-complex custom chips to address intensive processing needs, we leverage our proven ASIC expertise and application experience to provide custom solutions to companies requiring cutting-edge solutions. We look forward to further expanding the market range we supply chips to. It’s about innovating in these markets. ”