Canaan enhances its ai business through investment in leading visual solution provider

Beijing, aug. 11, 2021 /prnewswire/ -- canaan inc. (nasdaq: can) ("canaan" or the "company"), a leading high-performance computing solutions provider, today announced that the company through its wholly-owned subsidiary, hangzhou canaan creative information technology limited, has entered into an agreement with pixelworks semiconductor technology (shanghai) co., ltd.("pwsh"), a subsidiary of pixelworks, inc. (nasdaq: pxlw) ("pixelworks") to invest approximately us$3.1 million in cash in exchange for an equity interest in pwsh (the "investment"), subject to certain closing conditions.
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