Title: PixArt Denies Reports of Collaboration with Japanese Company for New Console Launch
Publication Date: August 1, 112
PixArt Technology Co., Ltd., a leading manufacturer of imaging and sensor technologies, has issued a clarification regarding recent media and website reports suggesting its involvement in the production of a new game console from a Japanese company. The company denies any collaboration or providing information to the aforementioned media outlets and websites.
The reports in question, published by Money DJ, NOTEBOOKCHECK, METRO, My Nintendo News, Gonintendo, and others, claimed that PixArt would be manufacturing components for a new console set to be released in early 2024. These reports indicated that the Japanese game console, which had been out of service for several years, would reenter the market with PixArt as one of its key suppliers.
PixArt categorically refutes these claims, asserting that no such information was shared with the media or websites mentioned. Additionally, the company’s financial reports contain no details regarding the reported collaboration or upcoming console release. PixArt further clarifies that the information presented by these sources is entirely speculative and not based on any official statements or communications from the company.
In response to these misleading reports, PixArt has released an official statement to counter the misinformation. The company seeks to protect investors and stakeholders from potential misunderstanding or misinterpretation.
It is important to note that PixArt, known for manufacturing the system-on-a-chip (SoC) powering the Nintendo Switch JoyCon’s and providing parts for other Nintendo home consoles, firmly denies its involvement with the speculated Japanese console project.
While PixArt remains committed to delivering cutting-edge imaging and sensor technologies to a range of industries, the company insists that it has not entered into any agreement or partnership for the manufacturing of a new game console.
Despite the proliferation of the reports, PixArt emphasizes that all claims suggesting its association with the development or production of a new console by a Japanese company are baseless and unfounded.
The company encourages investors, industry professionals, and the public to rely only on officially released information and statements from credible sources.
PixArt intends to maintain its focus on providing quality products and contributing to technological advancements while upholding the highest standards of transparency and accuracy in its business operations.
Additional details or matters related to this clarification have not been specified by PixArt at this time.