Pixelworks reports Q1 cash $58M; completes sale of Shanghai unit, authorizes $5M buyback

PIXELWORKS, INC

Closed sale of Shanghai semiconductor subsidiary to VeriSilicon in January 2026; restructuring to focus on technology licensing.
Ended Q1 with $58M cash, no debt; board authorized $5M stock repurchase program.
TrueCut Motion platform used for Billie Eilish 3D concert film; endorsed by Europe's largest private cinema operator Vue.
Company refocused as global technology licensing business following operational streamlining.

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