Pixelworks is a technology licensing company focused on a single platform: TrueCut Motion, a cinematic visualization platform that addresses motion artifacts — judder, strobing, and motion blur — that appear on high-brightness, high-resolution displays. The core insight is that existing display-level fixes (like TV frame-rate conversion) introduce their own artifacts, so TrueCut addresses the problem upstream, during content creation. Filmmakers use TrueCut tools to "motion grade" their films in post-production, locking in their creative intent on a shot-by-shot basis. That intent is then encoded into the content and faithfully reproduced on certified theaters and consumer devices. Pixelworks sold its semiconductor subsidiary in January 2026 and is now a pure-play IP licensing and services business with roughly 23 employees. Revenue comes from motion grading services, tool licensing, content finishing, and device certification and IP licensing fees paid by TV brands, smartphone OEMs, and streaming device makers. This is an ecosystem business: value grows as more titles are motion graded, more theaters and streaming platforms distribute TrueCut content, and more consumer devices are certified. The exhibition side already covers over 1,500 premium large-format theaters globally, and studio partners include Universal, Disney, DreamWorks, and Lightstorm. On the consumer side, Apple Vision Pro is the first certified home device. Given the asset-light structure post-divestiture, incremental licensing revenue should flow through at high margins.