COVID Lockdowns in China ‘Often Vary by Specific Region’: Pixelworks CEO

Pixelworks is trying its best to navigate through the COVID-19 lockdowns affecting its Shanghai subsidiary, said CEO Todd DeBonis on a Q1 earnings call Tuesday. The company markets visual processors to Chinese smartphone OEMs. “We have offices located in multiple provinces, and our China-based employees are not exclusively in Shanghai,” he said. “The imposed restrictions often vary by specific region. Therefore, any potential impacts are not universal.” The Pixelworks “operations team and supply chain partners” are in Taiwan, “and as of today, there has been no associated impact on our ability to fulfill planned shipments to our customers,” he said. “Having said that, the reported lockdowns have presented temporary challenges for a certain number of our employees.” The company’s office in Shanghai's Pudong district “is working with local officials to reopen over the next couple of weeks,” he said. Despite the lockdowns, “we have sustained all operational and R&D activities,” said the CEO.