Pixelworks subsidiary awarded series of subsidies totaling $1.6M

Pixelworks (PXLW) announced its Shanghai-based subsidiary, Pixelworks Semiconductor Technology, has been awarded a series of new subsidies totaling approximately $1.6M. The cash subsides were received by Pixelworks Shanghai in association with its existing designation as a “Little Giant” enterprise by the China Ministry of Industry and Information Technology, recognizing the company’s recent and ongoing investments in innovative semiconductor design and exceptional research and development capabilities.