Hanwha Group and Ambarella Inc. (NASDAQ: AMBA) announced a long-term agreement for the sourcing and co-development of edge AI technology across Hanwha product lines. The partnership has an estimated value exceeding $800 million in potential revenue over more than ten years.

The agreement covers co-development and deployment of current and next-generation edge AI systems-on-chip and software across Hanwha's portfolio, including video security, robotics, industrial automation, and life sciences applications. The multi-generational structure allows both companies to plan jointly across technology roadmaps and accelerate product development cycles.

Ambarella's edge AI platform includes an installed base of more than 46 million AI units and spans 12 edge AI SoCs. The platform integrates AI inference processing, image signal processing, and video encoding on a single, low-power SoC using the company's proprietary CVflow AI accelerator architecture.

Hanwha Vision will retain proprietary control over its Wisenet SoC, which it has developed in-house since 2010. The agreement extends Hanwha Vision's internal capabilities by integrating Ambarella's edge AI processing with Hanwha Vision's expertise in image processing, intelligent analytics, and cybersecurity.

Ambarella reported fiscal year 2026 revenue of $390.7 million, with IoT revenue growing approximately 50% year-over-year. The company's IoT product roadmap includes CV72, CV75, CV7 and N1 SoC families.

"This long-term agreement reinforces Hanwha's investment in intelligent vision solutions and AI technologies across our portfolio," said Kim Dong-seon, Senior Executive Vice President of Hanwha Group.

"This multi-generational partnership has the potential to accelerate the development and delivery of high-performance, AI-enabled products across multiple industries," said Dr. Fermi Wang, President and CEO of Ambarella.