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General

Pixelworks to sell 7% stake to Chinese consortium for USD 6.6 million

Friday 23 October 2020 | 10:33 CET | News
Pixelworks has signed an investment deal with MTM-Xinhe Investment Limited, a consortium of investors from the Chinese semiconductor and mobile eco-system. Under the deal, Pixelworks will issue and sell 3.2 million shares in a private placement for USD 6.6 million shares. The shares will represent 7 percent of all Pixelworks shares. The transaction is expected to complete in November.

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Categories: General
Companies: Pixelworks
Countries: China / World
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