Bruce Walicek Appointed President and CEO of Pixelworks; Hans Olsen to Join Board...

Bruce Walicek Appointed President and CEO of Pixelworks; Hans Olsen to Join Board of Directors

TUALATIN, Ore.--(Business Wire)--
Pixelworks, Inc. (NASDAQ:PXLW), an innovative provider of powerful
video and pixel processing technology, today announced that Bruce
Walicek has been appointed President and Chief Executive Officer of
the company, effective March 31, 2008. Walicek has been serving as
Acting President and CEO since January 1, 2008 when Hans Olsen,
President and CEO, began a medical leave of absence. Effective April
1, 2008, Olsen will join Pixelworks' Board of Directors.

"I am very proud of what we have accomplished at Pixelworks over
the past ten years. The last couple of years have been challenging,
but rewarding as we restructured the company to return to
profitability," said Hans Olsen. "I have complete confidence in
Bruce's ability to continue to take the company forward and I look
forward to continuing my work as a member of the Board." Olsen joined
Pixelworks in 1998 as Vice President, Operations, served as Executive
Vice President and COO from 2001 through 2006, and was named President
and CEO in January 2007.

"On behalf of the company and the Board of Directors, I would like
to express my sincere appreciation both for Hans' past contributions
and his willingness to join the Board, which will allow the company to
continue to benefit from his experience," said Allen Alley, Chairman
of the Board. "We are also extremely fortunate to have Bruce available
to step into the role of CEO. He brings a diverse skill set that is
perfect for the next stage of our development."

Bruce Walicek commented, "Pixelworks has taken major steps forward
in retooling our engineering processes, delivering innovative new
products and reshaping the company. I look forward to continuing the
progress that Hans and the Pixelworks team have achieved in
transitioning the business into emerging growth markets for high-end
digital video applications."

Walicek, 51, is a semiconductor industry veteran and investment
professional who joined Pixelworks' Board of Directors in May 2005 and
served as Lead Director until his interim appointment to Pixelworks'
executive management in January 2008. As President and CEO, Walicek
will remain on Pixelworks' board as an employee Director.

Most recently, Walicek was Executive in Residence with venture
capital firms Sevin Rosen Funds and Worldview Technology Partners.
From 1996 to 2003, he was employed by Deutsche Bank Alex Brown, first
as Senior Equity Research Analyst covering the Semiconductor and EDA
industries, and then as an investment banker responsible for
Semiconductor Investment Banking as part of the firm's Global
Investment Banking Group. Before entering the financial services
industry in the mid 1990s, Walicek held a number of executive
management positions over a 16 year career in the semiconductor
industry at firms including Texas Instruments Incorporated, VLSI
Technology, Inc. and Cirrus Logic, Inc. He holds a B.S. in mathematics
from Texas State University and an M.B.A. from Santa Clara University.

About Pixelworks, Inc.

Pixelworks, headquartered in Tualatin, Oregon, is an innovative
provider of powerful video and pixel processing technology for
manufacturers of digital projectors and flat panel display products.
Pixelworks' flexible design architecture enables our unique technology
to produce outstanding image quality in our customers' display
products in a range of solutions including system-on-chip and
co-processor ICs. At design centers in Shanghai and San Jose,
Pixelworks engineers relentlessly push pixel performance to new levels
for leading manufacturers of consumer electronics and professional
displays worldwide.

For more information, please visit the Company's Web site at
www.pixelworks.com.

All trademarks are the property of their respective owners.

Pixelworks, Inc.
Steven Moore, 408-200-9221
smoore@pixelworks.com

Copyright Business Wire 2008