Pixelworks Reveals Relationship With Apple, Stock Skyrockets
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.