New 52-week highs for Pixelworks following display processor deal

|By:, SA News Editor

Chinese TV maker Skyworth plans to use Pixelworks' (PXLW +22.6%) high-end PA168 display processor to power a line of 4K/Ultra HD Android-powered 3D TVs. (PR)

After opening near breakeven, Pixelworks soared to new 52-week highs on the news. Shares had already bounced from their sub-$4 December lows, after having sold off in the wake of the chipmaker's November Q3 miss.