Welcome to our dedicated page for Pixelworks news (Ticker: PXLW), a resource for investors and traders seeking the latest updates and insights on Pixelworks stock.
Pixelworks Inc. (NASDAQ: PXLW) delivers cutting-edge visual processing solutions for mobile, cinema, and home display markets. This news hub provides investors and industry professionals with centralized access to official announcements, financial updates, and technological developments from the semiconductor innovator.
Track all essential updates including quarterly earnings disclosures, strategic partnerships, product launches of video processing chips, and advancements in core technologies like TrueCut Motion grading. Our curated feed ensures you never miss regulatory filings, executive commentary, or innovations in display optimization for smartphones and streaming devices.
Bookmark this page for real-time insights into PXLW's market positioning and technical milestones. Check regularly for verified updates on IRX rendering advancements, mobile gaming collaborations, and cinema-grade motion processing developments that shape digital display standards globally.
Pixelworks (NASDAQ: PXLW) announced that the new OnePlus Ace 3 Pro smartphone is equipped with its X7 Gen 2 visual processor. The device integrates AI-based distributed rendering architecture to offload rendering pressure from the main processor, enhancing overall rendering and display quality. This mechanism supports a high-frame-rate gaming experience at 120fps and 1.5K resolution while maintaining low power consumption.
The OnePlus Ace 3 Pro features a 6100mAh battery with 100W fast charging and is powered by Qualcomm's Snapdragon 8 Gen 3 Mobile Platform, achieving a high AnTuTu score of 2,326,659 points. The IRX-certified smartphone includes Pixelworks' Super Frame Rate and Picture Quality Engine, which optimizes gaming visuals for various scenarios, delivering cooler, smoother gameplay.
Additionally, the phone supports several IRX-certified games, and the IRX ecosystem allows game creators to utilize Pixelworks' rendering acceleration for enhanced gaming experiences. This collaboration aims to expand the IRX ecosystem and improve mobile gaming continuously.
Pixelworks announced a collaboration with Tencent's TiMi Studio on Honor of Kings, a top-grossing mobile game. The integration of Pixelworks' IRX rendering acceleration SDK allows game-certified devices to deliver a smooth 120fps gaming experience with low power consumption. This collaboration marks the first time a MOBA mobile game incorporates this technology, enhancing visuals and performance. According to Sensor Tower, Honor of Kings topped the APAC mobile game market from January to April 2024. Features include switching between 'High Quality' and 'High Frame Rate' modes, tailored to user preferences. This partnership aims to bring advanced gaming experiences from PC and console to mobile platforms.
Pixelworks (NASDAQ: PXLW) reported a 61% year-over-year revenue increase for Q1 2024. Mobile revenue surged nearly 200% to $9.8 million, accounting for 61% of total revenue. Gross margins expanded to 50.5%. Notable product integrations include the Infinix GT 20 Pro and vivo iQOO Z9 Turbo, powered by Pixelworks' X5 Turbo visual processor. The company’s TrueCut Motion platform expanded with new film releases. Despite operational gains, Pixelworks reported a GAAP net loss of $5.1 million, or ($0.09) per share, and a non-GAAP net loss of $4.0 million, or ($0.07) per share. EBITDA was negative $3.2 million, with cash reserves of $46.2 million.
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