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Stock impact report

Pixelworks Reports Second Quarter 2024 Financial Results [Yahoo! Finance]

Pixelworks, Inc. (PXLW) 
Last pixelworks, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: pixelworks.com
Company Research Source: Yahoo! Finance
Second Quarter and Recent Highlights OPPO affiliate, OnePlus, launched the OnePlus Ace 3 Pro smartphone, incorporating Pixelworks' X7 Gen 2 visual processor featuring AI-based distributed computing architecture and enhanced rendering capability Announced collaboration with Tencent's TiMi Studio group and the integration of Pixelworks' IRX rendering acceleration technology in the Honor of Kings mobile game Collaborated with Seasun Games to optimize visual processing and bring detailed 120fps display effects to JX3 Ultimate Mobile , making it the latest mobile game to leverage IRX certified rendering acceleration Implemented reduction in workforce to better align operating expense with near-term revenue levels, anticipated to contribute approximately $4.0 million of annualized savings beginning in the third quarter "Second quarter revenue was at the midpoint guidance and largely reflected the expected headwinds in our mobile business, primarily related to the inventory correc Show less Read more
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