This paper proposes an efficient hardware architecture for high efficiency video coding (HEVC), which is the next generation video compression standard. It adopts several new coding techniques to reduce the bit rate by about 50% compared with the previous one. Unlike the previous H.264/AVC 6-tap interpolation filter, in HEVC, a one-dimensional seven-tap and eight-tap filter is adopted for luma interpolation, but it also increases the complexity and gate area in hardware implementation. In this paper, we propose a parallel architecture to boost the interpolation performance, achieving a luma $4{ imes}4$ block interpolation in 2-4 cycles. The proposed architecture contains shared operations reducing the gate count increased due to the parallel architecture. This makes the area efficiency better than the previous design, in the best case, with the performance improved by about 75.15%. It is synthesized with the MagnaChip $0.18{mu}m$ library and can reach the maximum frequency of 200 MHz.