Pixelworks Expects Chip Shortage ‘Headwind’ Through 2021
Semiconductor supply constraints prevented Pixelworks in Q1 from “meeting 100% of our demand across all our product lines,” said CEO Todd DeBonis on a Tuesday call. The supplier of video processing chips to smartphone OEMs “made significant progress with the…
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help of our supply chain partners in closing those gaps to meet approximately 90% of our Q2 demand,” he said. “Similar to other semiconductor companies, we expect these constraints to remain a headwind throughout 2021.” The company’s 91% mobile revenue sequential increase was its third straight quarter of 50%-plus sequential growth in the smartphone sector, said DeBonis. “The mobile market is primed for growth in 2021 as the industry and end market demand recovers.” Global 5G adoption “will continue to be an important trend this year, as it enables the efficient delivery of higher quality video and gaming content to mobile devices,” he said. Analysts predict 5G-enabled devices will comprise at least a third of total smartphone unit shipments in 2021, he said. The stock closed 10.6% higher Wednesday at $3.24.