Tualatin, Ore., January 16, 2001 — Pixelworks, Inc. (NASDAQ:PXLW), the leading provider of system-on-a-chip ICs for the advanced display market, will issue a news release describing its fourth quarter 2000 financial results and business outlook after the close of the market at approximately 1:05 p.m. PST, Tuesday, January 23, 2001.

Following the news release, Allen Alley, Pixelworks CEO, President and Chairman, and Jeff Bouchard, Pixelworks Vice President, Finance and Chief Financial Officer, will host a conference call to discuss the company's fourth quarter 2000 financial results at 2 p.m. PST on the same day.

The conference call will be open to all interested investors through telephone and live audio Web broadcast. The conference call can be accessed by calling (719) 457-2618 and using pass code 676884. The Web broadcast can be accessed at www.streetfusion.com or by visiting the Investor Relations section at www.pixelworks.com. For those unable to listen to the live Web broadcast, the call will be archived through February 6, 2001. A replay of the conference call will also be available until midnight PST, January 25, 2001, and can be accessed by calling (719) 457-0820 using pass code 676884.

About Pixelworks, Inc.
Pixelworks, headquartered in Tualatin, Oregon, is the leading provider of system-on-a-chip Ics for the advanced display market. Pixelworks' solutions process and optimize video, computer graphics and Web information for display on a wide variety of devices used in business and consumer markets. Pixelworks ImageProcessor Architecture powers the world's most highly regarded flat panel display products, including monitors and projectors marketed by Compaq, Dell, NEC-Mitsubishi, Samsung, Sony and ViewSonic. For more information, please visit the company's Web site at www.pixelworks.com.