This article is from the MPEG FAQ, by Frank Gadegast phade@cs.tu-berlin.de with numerous contributions by others.
Some new chips are about to be available from SGS-Thomson :
STI3223 : motion estimator controller, intended to be used with
previously released STI3220
STI3230 : MPEG coder
STI3400 : MPEG coder (STI3240 coder + DCT processor)
STI3500 : MPEG 2 coder
Do you want me to get some more details fast ?
TI introduce the TMS320AV110 MPEG audio decoder based on TI's 16 bits
DSPs (about $14).
 
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