What HDCP is
HDCP stands for High-bandwidth Digital Content Protection. Blu-ray players, set-top boxes, game consoles and some video apps run an HDCP handshake with the downstream device before sending protected content. Version 1.4 is the older one, 2.x is what 4K content usually expects, and 2.3 is one of the newer revisions.
HDCP across a wireless link
A wireless link adds a hop between source and display. To the source, the transmitter is the downstream device, so it must support HDCP and carry the authentication on to the far display. A device that relays HDCP this way is called an HDCP Repeater. If the display only supports an older version, the link has to fall back automatically or there will be no picture.
Product makers need an HDCP license
HDCP support in the module is a technical capability. To sell a finished product with HDCP legally, the product maker must obtain its own license from the HDCP licensing body. Budget the cost and lead time at project start rather than discovering it just before production.
ATE9430T / ATE9430R / ATE9460 / ATE9461 support HDCP 2.3 / 1.4 and fall back to 1.4 automatically when the display only supports 1.4. The modules are designed as HDCP Repeaters; the product maker must obtain its own HDCP license.