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Pixelworks Announces Shift to Technology Licensing and Collaboration with Meta

The Motley Fool +1 · ·by G4L

PXLW
PXLW Pixelworks Inc
$6.41 -12.07%
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  1. 1Pixelworks recorded a year-over-year revenue growth of over 50% in the third quarter.
  2. 2Pixelworks executed $1.2 million in share buybacks during the quarter.
  3. 3Pixelworks signed a multi-year collaboration agreement with Meta.

So what's the key point?

Pixelworks saw a significant increase in revenue and decided to collaborate with Meta. The company also bought back $1.2 million of its own shares to increase shareholder value.

Source The Motley Fool +1 · View original ↗

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