Pixelworks Board Approves Sale of PWSH Shares to Tiansui Xinyuan Technology

Reuters
2025.12.22 21:03
portai
I'm PortAI, I can summarize articles.

Pixelworks Inc. has approved the sale of all shares of its subsidiary, Pixelworks Semiconductor Technology (Shanghai) Co., Ltd. (PWSH), to Tiansui Xinyuan Technology (Shanghai) Co., Ltd. This decision, made by the board of directors, aims to allow Pixelworks to concentrate on its core visual processing technology and licensing business, while addressing financial obligations related to PWSH. The transaction is expected to be completed by early January 2026.