Pixelworks - PXLW STOCK NEWS

On October 19, 2020, Pixelworks (NASDAQ: PXLW) entered a Securities Purchase Agreement with MTM-Xinhe Investment Limited, a consortium of Chinese investors. The deal involves the issuance of 3.2 million shares, equating to 7% of outstanding shares, for approximately $6.6 million. This investment underscores Pixelworks' efforts to expand in China and leverage local relationships. CEO Todd DeBonis highlighted this move as validation of their technology's potential in the Chinese market. The transaction is expected to close in November 2020.

Pixelworks, Inc. (NASDAQ: PXLW) will announce its third quarter 2020 financial results on October 29, 2020, after market close. A conference call hosted by Todd DeBonis, President and CEO, and Elias Nader, CFO, will take place at 2:00 p.m. PT. Investors can join the call by dialing 1-877-359-9508 or +1-224-357-2393 for international calls, using Conference ID 5276154. The call will also be available via live audio webcast on the company's website.

Pixelworks, Inc. (NASDAQ: PXLW) has partnered with OnePlus to integrate its advanced display technology into the new OnePlus 8T smartphone. This device features a 120 Hz AMOLED display with innovative technologies such as high-efficiency color calibration and adaptive brightness. The OnePlus 8T is expected to enhance user experience through features that improve color accuracy and reduce eye strain. Following the success of the OnePlus 8 Pro, which set display benchmarks, the OnePlus 8T aims to further establish OnePlus's leadership in smartphone visual quality. The phone's availability is anticipated in Q4 2020.

Pixelworks (NASDAQ: PXLW) announced its video processing technology powers SLING TV's AirTV Anywhere device, set to revolutionize local HD channel streaming. The device boasts a 1 TB hard drive with DVR capabilities, allowing integration of over-the-air (OTA) channels into a single user interface. It streams local channels to up to four devices and features the Pixelworks XCode 5116 processor for superior video quality. This collaboration simplifies the transition for consumers aiming to cut cable costs, highlighting significant potential savings.

Pixelworks, Inc. (NASDAQ: PXLW) has launched its sixth-generation mobile visual processor, the Pixelworks i6, featuring low-power AI technology. This industry-first processor enhances picture quality in varying mobile conditions by optimizing contrast, brightness, and color temperature. It supports patented color calibration and HDR technology with 40% lower power consumption than its predecessor. The i6 Pro offers advanced optimization for high refresh rates. The new processor is currently sampling to customers, with commercial production expected in Q4 2020.

Pixelworks, Inc. (NASDAQ: PXLW) announced that its display processing technology powers the new ASUS ZenFone 7 series, enhancing on-screen entertainment with HDR certification. The phone features superior color accuracy, DC dimming for reduced flicker, and supports a 90 Hz OLED display. Pixelworks' patented technology optimizes battery usage while ensuring a vibrant viewing experience, making it ideal for streaming services like Netflix and YouTube. The ZenFone 7 series launched on August 26, 2020, and will be available in Q3 2020, showcasing Pixelworks' commitment to innovation in visual processing.

On July 31, 2020, Pixelworks (NASDAQ: PXLW) announced its collaboration with Black Shark to integrate its fifth generation visual processor into the Tencent Black Shark 3S gaming smartphone. This partnership enhances the device's display capabilities, supporting features like MotionEngine technology, Always-HDR mode, and auto-adaptive display technology. The smartphone boasts a 120 Hz refresh rate on a 6.67-inch AMOLED screen, providing an immersive gaming experience. The Tencent Black Shark 3S is set to be commercially available in Q3 2020.

Pixelworks (NASDAQ: PXLW) announced on July 22, 2020, that its technology is integrated into the ASUS ROG Phone 3, enhancing mobile gaming with advanced display features. These include high-efficiency color calibration, HDR tone mapping, and smooth brightness control, ensuring a superior visual experience. The phone supports HDR streaming from major platforms like Netflix and Amazon and offers precise color accuracy with an average delta-E of 0.5. Built on five generations of mobile display solutions, the ROG Phone 3 aims to set new standards in gaming visuals.

Pixelworks, Inc. (NASDAQ: PXLW) has announced its participation in several upcoming virtual financial conferences. These include the Oppenheimer 5th Annual Emerging Growth Conference on May 12, 2020, the Needham Virtual Technology & Media Conference on May 19, 2020, the Craig-Hallum Institutional Investor Conference on May 27, 2020, and the Cowen Virtual 2020 Technology, Media and Telecom Conference on May 28, 2020. A fireside chat is scheduled for 4:30 p.m. ET. Investors can access the webcast on the company’s website.