Pixelworks Reports Second Quarter 2021 Financial Results And Announces Realignment Plan And Strategic Equity Investments Into Pixelworks Shanghai
SAN JOSE, Calif., Aug. 10, 2021 /PRNewswire/ — Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, today announced financial results for the second quarter ended June 30, 2021. Second Quarter and Recent Highlights Mobile revenue increased sequentially and year-over-year to a record, driven by expanded adoption of both hardware and software-based visual processing solutions across a growing number of launched smartphones ASUS launched Zenfone 8 and Zenfone 8 Flip flagship smartphones incorporating Pixelworks’ leading color calibration, DC Dimming and HDR tone mapping technology Projector revenue increased over 100% sequentially and 30% year-over-year, reflecting a recovery in customer and end market demand Secured $10....