Pixelplus May Be Delisted from KOSDAQ

TheElec: South Korean PixelPlus faces a possibility of delisting from KOSDAQ stock exchange due to the four straight years of losses.

Automotive image sensors accounted for 70% to 80% of the company’s sales. 80% of its sales are in China. However, coronavirus pamndemic affected the sales and made the future forecast uncertain.

PixelPlus was founded in 2000 and initially manufactured image sensors for mobile phones. In its good times, it was listed on NASDAQ in 2005-2009. However, Samsung and Sony competition caused Pixelplus delisting from NASDAQ in 2009.

Next, PixelPlus has entered security and surveillance image sensors and was listed on KOSDAQ in 2015. However, price competition with Chinese companies was tough and Pixelplus reported yearly loss every year since 2016.

Then, PixelPlus has effectively given up on the security image sensor market and tried to enter automotive applications. These plans are frozen due to coronavirus slowdown now.