PIXELWORKS, INC (PXLW): M&A transaction — Pixelworks closes sale of Shanghai subsidiary for ~$51M net cash proceeds

PIXELWORKS, INC

Sale closed Jan. 6, 2026; buyer is Tiansui Xinyuan Technology, led by VeriSilicon.
Net cash proceeds to Pixelworks of approx. $51M (RMB 357M) after costs and withholding taxes.
Approx. $1.2M (RMB 8.7M) held in escrow pending resolution of Chinese tax matters.
Pixelworks transferred ~49% of PWSH shares; minority shareholders sold ~29% to buyer.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

PIXELWORKS, INC completed a disposition involving Tiansui Xinyuan Technology (Shanghai) Co., Ltd. for approximately $51.0 million (closed 2026-01-06).

Action: disposition
Counterparty: Tiansui Xinyuan Technology (Shanghai) Co., Ltd.
Consideration: approximately $51.0 million
Closing: 2026-01-06

Exact text from the filing

49% of the total outstanding shares of PWSH capital stock on the Closing Date, to the Buyer; and (iv) the Buyer paid the Company approximately RMB 357 million, or approximately $51.0 million in U.S. dollars which is net of transaction costs and withholding taxes paid in China. The remaining transaction expenses incurred by the Company in connection with the Sale, not

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PIXELWORKS, INC filing history →

Source: SEC EDGAR

accession 0001040161-26-000002

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