SAN FRANCISCO --

Pixelworks

(PXLW) - Get Report

has been put on notice that its flagging share price could get it ejected from the

Nasdaq

.

The Tualatin, Ore., company, which makes chips for digital televisions and projectors, said Friday that it received a delisting warning from the Nasdaq, because its shares have closed below the $1 level for 30 consecutive days.

According to Pixelworks, the company has until June 23 to regain compliance with Nasdaq listing requirements. Pixelworks shares must close above $1 for 10 consecutive days in order to regain compliance, the company said.

Shares of Pixelworks closed down 8.2%, or 7 cents, at 78 cents Friday.