Pixelworks shares rise 13.82% intraday after board approves Shanghai subsidiary sale to Tiansui Xinyuan.

Pixelworks surged 13.82% intraday following the board's approval to sell its Shanghai semiconductor subsidiary to Tiansui Xinyuan Technology. The transaction, aimed at resolving financial obligations and refocusing on high-margin TrueCut technology, was finalized without requiring shareholder approval. Key details from the SEC filing highlighted the strategic shift to reduce capital intensity and accelerate operational efficiency, with completion expected in early January 2026. The move aligns with the company’s broader efforts to streamline operations, directly supporting investor confidence in improved profitability and liquidity.