Himax Chairman Announces Share Purchase Plan

Rhea-AI Summary

Himax Technologies, Inc. (NASDAQ: HIMX) announced that Chairman Dr. Biing-Seng Wu plans to purchase up to $10 million of the Company’s American Depositary Shares (ADSs) in the open market. As of September 30, 2021, Dr. Wu holds approximately 21.4% of the total outstanding shares. This share purchase plan, executed under Securities Exchange Act rules, reflects management's strong confidence in the Company's long-term prospects. Himax, known for display driver ICs and semiconductor products, aims to enhance its market position across various consumer electronics.

Positive

• Chairman intends to purchase $10 million in Company shares, indicating confidence.
• Dr. Wu beneficially owns 21.4% of outstanding shares, showing significant investment.
• Company's established position as a leader in display driver ICs supports future growth.

Negative

• None.

TAINAN, Taiwan, Dec. 03, 2021 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that its Chairman Dr. Biing-Seng Wu intends to use his personal funds to purchase up to approximately $10 million of the Company's American Depositary Shares ("ADSs") in the open market, subject to market conditions and other factors.

As of September 30, 2021, Dr. Biing-Seng Wu beneficially owns approximately 21.4% of the total outstanding shares of the Company.

Dr. Biing-Seng Wu’s share purchase plan will be executed in accordance with the manner, timing, price and volume conditions of Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934. The share purchase plan demonstrates the management's tremendous confidence in the Company's long-term prospects.

About Himax Technologies, Inc.

Himax Technologies, Inc. (NASDAQ: HIMX) is a fabless semiconductor solution provider dedicated to display imaging processing technologies. Himax is a worldwide market leader in display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navigation, virtual reality (VR) devices and many other consumer electronics devices. Additionally, Himax designs and provides controllers for touch sensor displays, in-cell Touch and Display Driver Integration (TDDI) single-chip solutions, LED driver ICs, power management ICs and LCoS micro-displays for augmented reality (AR) devices and heads-up displays (HUD) for automotive. The Company also offers CMOS image sensors, wafer level optics for AR devices, 3D sensing and ultralow power smart sensing, which are used in a wide variety of applications such as mobile phone, tablet, laptop, TV, PC camera, automobile, security, medical device, home appliance, AIoT, etc. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,000 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Israel, and the US. Himax has 3,021 patents granted and 498 patents pending approval worldwide as of September 30, 2021. Himax has retained its position as the leading display imaging processing semiconductor solution provider to consumer electronics brands worldwide.

http://www.himax.com.tw

Forward Looking Statements

Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company's SEC filings, including those risks identified in the section entitled "Risk Factors" in its Form 20-F for the year ended December 31, 2020 filed with the SEC, as may be amended.

Company Contacts:

Eric Li, Chief IR/PR Officer
Himax Technologies, Inc.
Tel: +886-6-505-0880
Fax: +886-2-2314-0877
Email: hx_ir@himax.com.tw
www.himax.com.tw

Karen Tiao, Investor Relations
Himax Technologies, Inc.
Tel: +886-2-2370-3999
Fax: +886-2-2314-0877
Email: hx_ir@himax.com.tw
www.himax.com.tw

Mark Schwalenberg, Director
Investor Relations - US Representative
MZ North America
Tel: +1-312-261-6430
Email: HIMX@mzgroup.us
www.mzgroup.us

FAQ

What is the significance of Dr. Wu's share purchase for Himax (HIMX)?

Dr. Wu's plan to purchase up to $10 million in shares indicates his confidence in Himax's long-term prospects, potentially positively influencing investor perception.

How much of Himax's shares does Dr. Wu own as of September 2021?

As of September 30, 2021, Dr. Biing-Seng Wu owns approximately 21.4% of Himax's total outstanding shares.

What are the implications of the share purchase plan for HIMX stock?

The share purchase plan demonstrates management's confidence, which could boost investor sentiment and positively affect HIMX stock performance.

What does Himax Technologies specialize in?

Himax Technologies specializes in display driver ICs and semiconductor products for various consumer electronics, aiming to enhance display imaging technologies.