Techpoint, Inc. Declares Special Cash Dividend, Payable on or Around February 15, 2023
December 16, 2022 at 01:00 pm
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Techpoint, Inc. announced that on December 15, 2022, its board of directors declared a special cash dividend of an aggregate of $0.50 per share for fiscal 2023, payable in two equal installments of $0.25 per share. The first installment of the dividend is payable to stockholders of record on January 31, 2023. The payment date for the first installment on its shares of common stock (including common stock underlying its Japanese Depositary Shares (JDS)) will be on or around February 15, 2023.
The second installment of the dividend is currently anticipated to be paid in the third fiscal quarter of 2023, subject to the board's discretion and in accordance with applicable law.
Techpoint, Inc. is a semiconductor company that designs, markets and sells mixed-signal integrated circuits for multiple video applications in the security surveillance and automotive markets. Its integrated circuits enable the transition from standard definition (SD) video to high-definition (HD) video in the security surveillance and automotive markets. Its application specific products include its security surveillance and automotive product lines. It offers four security surveillance products, HD-TVI transmitters, HD-TVI Camera Processors, HD-TVI receivers and HD-SDI receivers. It also offers four automotive products, HD-TVI Transmitter, HD-TVI Camera Processors, HD-TVI Receivers and HD LCD controller. Its HD-TVI transmitters are used within the camera, take the HD digital signal from an HD camera processor and converts it to HD-TVI analog signals. Its HD-TVI receivers are used in DVRs and convert the HD-TVI analog signal into digital signals that can be processed by a DVR system.