Pixelworks Closes Sale of Shanghai Subsidiary to VeriSilicon

Reuters01-07

Pixelworks Closes Sale of Shanghai Subsidiary to VeriSilicon

Pixelworks has completed the sale of its shares in Pixelworks Semiconductor Technology (Shanghai) Co., Ltd. to a special purpose entity led by VeriSilicon Microelectronics (Shanghai) Co., Ltd. The transaction resulted in net cash proceeds of approximately RMB 357 million, or about $51 million USD, for Pixelworks after transaction costs and withholding taxes paid in China. An additional RMB 8.7 million, or roughly $1.2 million USD, is being held in escrow pending the resolution of certain tax matters in China. All previous repurchase rights held by prior shareholders of Pixelworks Shanghai have been fully released.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pixelworks Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: LA57296) on January 06, 2026, and is solely responsible for the information contained therein.

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