Pixelworks, Inc. designs, develops, and markets video and pixel processing semiconductors and software for digital video applications. The company's solutions enable manufacturers of digital display and projection devices, such as large-screen flat panel televisions and digital front projectors to manufacture their products with a video quality. The company's operations also include licensing of technologies developed for its integrated circuit (IC) semiconductor products to customers and partners, as well as co-development arrangements with IC customers. Product Categories The company’s primary product categories include the following: ImageProcessor ICs: ImageProcessor ICs include embedded microprocessors, digital signal processing technology and software that control the operations and signal processing within display systems, such as projectors and high-resolution flat panels. Additionally, the company provides a software development environment and operating system that enables customers to develop and customize the ‘look and feel’ of their products. Video Co-Processor ICs: Products in this category work in conjunction with an image processor to post-process video signals to improve the performance or feature set of the overall video solution. The company’s video co-processor ICs can be used with ImageProcessor ICs or with image processing solutions from other manufacturers, and in various cases can be incorporated by a display manufacturer without assistance from the supplier of the base image processor. This flexibility enables manufacturers to augment their existing or new designs to improve their video display products. Networked Display ICs: Networked Display ICs allow the same video stream to be networked across multiple displays, such as to connect projectors in different classrooms or to enable networked streaming of video in digital signage applications. The company’s Networked Display IC combines video sharing capabilities with video image processing, wireless connectivity, and Internet connection to ensure multi-source video output. Customers, Sales, and Marketing The company utilizes direct sales and marketing resources in the U.S., China, Taiwan, Japan, and Korea, as well as indirect resources in various regions. Its major distributor is Tokyo Electron Device Ltd., which is located in Japan. The company also has distributor relationships in Taiwan, China, Korea, Europe, Southeast Asia, and the U.S. The company’s customer is Hitach Ltd. Seasonality The company’s business is subject to seasonality related to the markets it serves and the location of customers. It experiences higher revenue from the multimedia projector market in the third quarter of the year, and lower revenue in the first quarter of the year (year ended December 31, 2013). Intellectual Property The company holds 125 patents and has 37 patent applications pending, which relate generally to improvements in the visual display of digital image data including improvements in image scaling, image correction, automatic image optimization and video signal processing for digital displays. Its issued patents have from approximately 4 to 17 years remaining in their respective term, depending on their filing and issuance dates. Research and Development The company’s research and development expenses included $20.7 million in 2013. Competition The company competes with specialized and diversified electronics and semiconductor companies that offer display processors or scaling components, such as Actions Microelectronics Co., Ltd.; i-Chips Technologies Inc.; Intersil Corporation; MediaTek Inc.; MStar Semiconductor; Novatech Co., Ltd. Inc.; NVIDIA Corporation; QUALCOMM Incorporated; Realtek Semiconductor Corp.; Renesas Electronics America; Sigma Designs, Inc.; Silicon Image, Inc.; STMicroelectronics N.V.; Sunplus Technology Co., Ltd.; Texas Instruments Incorporated; and other companies. History Pixelworks was founded in 1997. The company was incorporated under the laws of the state of Oregon.
(PXLW:Consolidated Issue listed on NASDAQ Global Market)
224 Airport Parkway
San Jose, CA 95110
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