Welcome to our dedicated page for Himax Technologies news (Ticker: HIMX), a resource for investors and traders seeking the latest updates and insights on Himax Technologies stock.
Himax Technologies, Inc. (Nasdaq: HIMX) is a leading semiconductor solution provider specializing in display imaging processing technologies. Founded on June 12, 2001, the company has its headquarters in Tainan, Taiwan, with additional R&D and sales offices in Taipei and Hsinchu. Himax operates primarily through two segments: Driver Integrated Circuit and Non-Driver Products.
The company's core business focuses on the design, development, and management of integrated circuits for flat-panel displays. Their product range includes display driver ICs and timing controllers which are essential components in TVs, laptops, monitors, mobile phones, tablets, digital cameras, virtual reality (VR) devices, and other consumer electronics. Himax also offers controllers for touch sensor displays, in-cell Touch and Display Driver Integration (TDDI) single-chip solutions, LED driver ICs, power management ICs, and scaler products for monitors and projectors.
Himax has established a significant presence in the global market, with the majority of its revenue generated from China. The company is known for its innovative automotive display solutions, evidenced by its recent achievements in the automotive local dimming Tcon sector. This segment has shown substantial growth, demonstrating Himax's capability to adapt and thrive in evolving markets.
Financially, Himax has reported stable performance despite industry challenges. For the fourth quarter and full year of 2023, the company exceeded its revenue guidance in the non-driver business segment. Notably, their automotive Tcon products have gained considerable traction, paving the way for future growth. As of March 2024, Himax reported $277.4 million in cash, cash equivalents, and other financial assets, an increase from $223.8 million the previous year.
Himax is also actively involved in various partnerships and collaborations. For instance, their collaboration with Arm and Seeed Studio showcases the versatility of their Ultralow Power WiseEye™ AI technology across diverse battery-operated endpoint devices. Such initiatives underline the company's commitment to driving innovation and industry leadership.
In the automotive sector, Himax maintains a strong market position with over 450 secured design-win projects. Their comprehensive LCD product lineup and expanding OLED solutions align with the industry's shift towards high-end, sophisticated display technologies. Himax's OLED on-cell touch controller, noted for its high touch signal-to-noise ratio and sensitivity, sets new standards for automotive interior displays.
Overall, Himax Technologies continues to demonstrate resilience and adaptability, leveraging its robust technological foundation and strategic partnerships to sustain growth and expand its market footprint.
Himax Technologies (HIMX) and Seeed Studio announced their collaboration to showcase the SenseCAP Watcher at CES 2025. This innovative IoT device is powered by Himax's ultralow power WiseEye2 HX6538 AI processor and combines edge AI with cloud-based large language models (LLMs). The device features comprehensive vision and sound sensors, enabling real-time monitoring, object detection, and voice interaction capabilities.
The SenseCAP Watcher can detect over 80 object categories and process data locally while leveraging cloud-based LLMs for advanced scenario analysis. Built on Seeed's ESP32S3 platform, it integrates with the SenseCraft AI platform for no-code model training and deployment. The solution aims to address IoT demands for real-time data processing while minimizing energy consumption and operational costs.
Himax Technologies (HIMX) has announced a new $20 million share buyback program for its American Depository Shares (ADSs), effective immediately. The program allows for purchases through open market or private transactions, with no obligation to repurchase any specific amount and can be modified or suspended at the company's discretion.
The company has historically returned over $1 billion to shareholders through buybacks and dividends since its 2006 IPO. Management expressed confidence in Himax's market leadership and growth prospects, particularly in automotive, AI, WLO, and OLED sectors. The company maintains its commitment to strategic investments in high-growth sectors while focusing on shareholder value creation.
Himax Technologies (HIMX) has announced mass production of its third-generation automotive TDDI IC (HX83195 series) and OLED touch controller IC (HX8530 series) in Q3. The company holds over 50% market share in automotive TDDI with over 70 million units shipped. The HX83195 features world's first quad-TDDI chip cascading technology, supporting displays up to 30 inches, and has been adopted by Zeekr for its 16-inch display. The HX8530 OLED Touch IC, developed with Korean panel makers, entered mass production for a Chinese electric MPV, supporting displays from 7 inches to 50-inch pillar-to-pillar configurations.
Himax Technologies (Nasdaq: HIMX), a leading supplier and fabless manufacturer of display drivers and semiconductor products, announced its participation in the UBS Global Technology and AI Conference. The event will take place on December 2-5, 2024, at The Phoenician Hotel in Scottsdale, Arizona. Company management will be available for in-person meetings with investors during the conference. The conference is invitation-only, and registration is required through the conference coordinator.
Himax Technologies (HIMX) reported Q3 2024 revenues of $222.4M, down 7.2% QoQ but exceeding guidance. Q3 gross margin was 30.0%, with after-tax profit of $13.0M or 7.4 cents per ADS. For Q4 2024, the company expects revenues to be flat to slightly down QoQ, with gross margin flat to slightly up, and profit per ADS between 9.3-11.0 cents.
The company's automotive business remains the largest revenue contributor, representing nearly half of total sales. FY24 automotive driver IC sales are projected to grow high-teens YoY. Himax maintains strong position in automotive TDDI with over 70M cumulative shipments and expects Q4 automotive TDDI sales to surpass DDIC sales for the first time.
Himax Technologies (Nasdaq: HIMX) has successfully achieved mass production of its innovative In-Cell Touch TDDI solution, the HX83132, for high-end LCD AI laptops. This technology has been adopted by leading panel makers and is featured in a marquee brand's first AI laptops with a 15.3-inch, 2.8K high-resolution touch display and 120Hz refresh rate.
The HX83132 series expands In-cell TDDI technology to laptops, offering flexible support for diverse panel sizes and resolutions, optimized module architecture design, and compatibility with existing architectures for rapid upgrades. Key features include support for screen sizes up to 16 inches and resolutions up to 4K, minimized PCB size, narrower bezel design, and comprehensive support for power-saving operations.
This advancement simplifies the supply chain, provides cost benefits to panel manufacturers, and significantly enhances touch performance and user experience in next-generation laptops.
Himax Technologies, Inc. (Nasdaq: HIMX), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, has announced its upcoming third quarter 2024 financial results conference call. The call is scheduled for Thursday, November 7 at 8:00 a.m. US Eastern Standard Time and 9:00 p.m. Taiwan Time.
Investors and analysts can participate via a live webcast or through various toll-free dial-in numbers available for multiple countries. The webcast will be accessible at http://www.zucast.com/webcast/naEJkyEo. Participants dialing in by phone should use the Participant PIN Code 1407507#.
A replay of the webcast will be available two hours after the call on www.himax.com.tw and can be accessed until November 7, 2025.
Himax Technologies, Inc. (Nasdaq: HIMX) has announced its Q2 2024 results, showing revenues of $239.6M, a 15.5% QoQ increase, surpassing guidance. Gross margin achieved was 32.0%, aligning with expectations. Q2 after-tax profit reached $29.6M, or 16.9 cents per diluted ADS, at the high end of their forecast.
In Q3 2024, Himax anticipates a revenue decline of 12.0% to 17.0% QoQ, with a gross margin around 30% and profit per diluted ADS between 1.5 cents to 4.5 cents. Automotive driver sales rose by over 50% YoY, but macroeconomic uncertainties, especially in China, are affecting IC demand and revenues.
Himax invested in FOCI (5.3% equity stake) and Obsidian Sensors to bolster its portfolio and advance in AI and high-speed computing markets. WiseEye PalmVein technology, adopted by a U.S. customer, is set for mass production by year-end.
E Ink and Himax Technologies have jointly unveiled the T2000, a next-generation color ePaper timing controller ASIC. This advanced TCON offers faster screen updates, lower power consumption, and supports a wide range of color ePaper technologies. Key features include:
1. Enhanced performance: Over 10x faster color rendering compared to the previous generation
2. Integrated handwriting function: Eliminates the need for a separate SoC
3. High resolution support: Up to 4K UHD (3840 x 2160) at 150Hz
4. Energy efficiency: Less than 300 mW in active mode, less than 2 mW in sleep mode
5. Versatile interfaces: MIPI-DSI, USB 3.0, and SPI with up to 1Gbps transmission speed
The T2000 is designed to improve user experience across various ePaper applications, including eReaders and digital signage.
Himax Technologies, a leading supplier and fabless manufacturer of display drivers and semiconductor products, announced that it will hold a conference call with investors and analysts on August 8, 2024, at 8:00 a.m. EDT (8:00 p.m. Taiwan Time). The call will discuss the company's second quarter 2024 financial results. The live webcast can be accessed at zucast.com/webcast/HlPPY5TZ, with toll-free dial-in numbers available for multiple countries including Hong Kong, Taiwan, and the United States.
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