Experienced Global Semiconductor Leader
Strengthens Executive Team; Further Prepares Pixelworks
Shanghai Subsidiary for Planned IPO on Shanghai STAR
Exchange
SHANGHAI, Aug. 31,
2023 /PRNewswire/ -- Pixelworks, Inc. (NASDAQ: PXLW),
a leading provider of innovative video and display processing
solutions, today announced its Shanghai-based subsidiary, Pixelworks
Semiconductor Technology (Shanghai) Co., Ltd. ("PWSH"), has appointed
Wallace Pai as Executive Vice
President and Chief Operating Officer. Pai will be responsible for
all engineering and management of the PWSH business units,
reporting directly to Chairman of Pixelworks Shanghai, Todd DeBonis.
Pai is seasoned global executive with deep semiconductor
industry experience spanning numerous leading multinational
companies. Most recently, he served as Chairman of China at Imagination Technologies, where he
oversaw the development and execution of market and ecosystem
strategy. Earlier roles included SVP of Advanced Technology
Business at SMIC as well as VP and General Manager of Asia Pacific at GlobalFoundries. Before
GlobalFoundries, he was VP and General Manager of the Smart Display
division at Synaptics. Pai also held previous executive positions
at Samsung, Google/Motorola Mobility as well as management roles at
Qualcomm Technologies, Cadence and McKinsey & Company. Pai
graduated with a Master of Business Administration from
Harvard Business School.
"Our Shanghai subsidiary is increasingly poised for rapid
expansion, and Wallace's broad semiconductor experience in the
Asia Pacific region will be a
tremendous asset to our strategic growth initiatives," stated
Todd DeBonis, President and CEO of
Pixelworks, Inc. and Chairman of Pixelworks Shanghai. "He is also
an influential executive that brings extensive credentials at an
exciting time for the Company, as our mobile visual display
processing solutions and branding continue to gain momentum with
smartphone OEMs as well as gaming ecosystem partners. Wallace is
the ideal leader to help drive PWSH's strategy and execution, and I
look forward to working with him in support of accelerating future
growth and the subsidiary's planned listing on the Shanghai STAR
exchange."
Commenting on his appointment, Wallace
Pai stated, "Pixelworks has established a strong reputation
for its visual display technology and proven capabilities within
China, and I am thrilled to join
Todd and the team at such a pivotal time in PWSH's journey. I
believe there is an immense opportunity to further leverage the
Company's market-leading position in mobile visual processing and
recently launched IRX branded ecosystem into broader customer
adoption as well as new adjacent applications."
About Pixelworks, Inc.
Pixelworks provides industry-leading content creation, video
delivery and display processing solutions and technology that
enable highly authentic viewing experiences with superior visual
quality, across all screens – from cinema to smartphone and beyond.
The Company has a 20-year history of delivering image processing
innovation to leading providers of consumer electronics,
professional displays, and video streaming services. For more
information, please visit the Company's web site at
www.pixelworks.com.
Note: Pixelworks and the Pixelworks logo are trademarks of
Pixelworks, Inc. All other trademarks are the property of their
respective owners.
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SOURCE Pixelworks, Inc.