Video semiconductor IP firm Chips&Media said on Thursday that posted sales of 3.28 billion won and operating income of 292 million won uni the second quarter.
It is a drop of 15.57% and 51.39%, respectively, from a year ago.
Licensing revenue fell from the previous year but the company has clinched pre-order contracts for products in development, Chips&Media said.
The company said it has signed contracts with large customers in the mobile sector in the US and China.
This will allow it to record its highest annual sales in 2021, the company claimed.