Pixelworks Reveals Relationship With Apple, Stock Skyrockets

Posted March 6, 2014 at 6:01pm by iClarified | Please help us and submit a translation by clicking here | 5716 views

Pixelworks, a company that provides video and pixel processing semiconductors and software, has revealed a significant relationship with Apple, reports SeekingAlpha.

In the company's 10-K annual report to the SEC, it was forced to disclose that more than 10% of its revenue came from Apple.

While the nature of the relationship between the two companies is not known, it's been previously suggested that Pixelworks could power the image processing for Apple's rumored iTV.

The company's stock shot up over 50% on the news.

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Nathan - March 7, 2014 at 3:24am
Bring it on... Better picture and sound, excellent library via Apples 'hockey puck' and fresh inventive global content, rivaling HBO and the Netfix type scions.
Steve Jobs - March 7, 2014 at 4:20am
Retina display... Love to see a hell of a competition they can fight with it, it's will be a big ass display pixel free unlike any other. Everyone but apple has their television (except HTC, bbm, or Microsoft).
K - March 6, 2014 at 6:44pm
Don't know about this iTV name used before. But there is iTelevision.
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