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 has unveiled an industry-first 288Hz 8K TV Timing Controller (TCON) aimed at the gaming TV market. This breakthrough technology addresses the demand for high-refresh-rate displays, enabling smooth gaming experiences. Collaborating with top TV panel makers, Himax's TCON surpasses the 60Hz/120Hz standard, enhancing 8K visuals. In 2021, the company reported a 50% annual increase in 8K TCON shipments, reflecting significant market growth. Himax's development includes advanced technologies like Variable Refresh Rate and proprietary image quality enhancements, positioning it as a leader in display technology.
Himax Technologies (Nasdaq: HIMX) will participate in the Baird 2022 Vehicle Technology & Mobility Virtual Conference on January 25, 2022. The presentation will be led by Chief IR/PR Officer Eric Li from 10:50 AM to 11:20 AM EST. Additionally, one-on-one and group meetings with investors will be held during this time. Interested parties must register for the conference as attendance is by invitation only. Himax, a semiconductor leader in display technology, is recognized for its innovation in driver ICs and imaging solutions across various consumer electronics.
Himax Technologies (Nasdaq: HIMX) announced its participation in the Bank of America 2022 Asia Week in New York, scheduled from January 18 to 21, 2022. The company management will conduct virtual meetings with investors during the event.
This conference is by invitation only, and interested parties must register. Himax, a leader in display driver ICs and semiconductor products, continues to innovate in various consumer electronics, holding over 3,021 patents.
Himax Technologies (NASDAQ: HIMX) will participate in the 24th Annual Needham Virtual Growth Conference from January 10-14, 2022. The company's Chief IR/PR Officer, Eric Li, will present on January 10 from 5:00 - 5:40 PM EST during Track 3. Himax management will also hold one-on-one and group meetings for interested investors throughout the conference. The event is invitation-only and requires registration. Himax is a leader in display driver ICs and semiconductor products, serving various consumer electronics sectors.
Himax Technologies (Nasdaq: HIMX) will showcase its leading HX8880-D/E Series TCON at CES 2022 from January 5-8. The TCON supports advanced local dimming for ultra-high resolution automotive displays, enhancing driver safety with superior contrast and low power consumption. The HX8880-D is already in production for several premium car models, while the next-generation HX8880-E is set for mass production mid-2022. Himax collaborates with top LED driver suppliers to meet stringent automotive standards and aims for significant growth in the automotive sector.
Himax Technologies (NASDAQ: HIMX) announced its participation in the Credit Suisse 2022 Greater China Technology and Internet Virtual Conference, scheduled for January 5-7, 2022. The company will offer one-on-one and group meetings with investors during the event, which requires registration. Himax, a leader in semiconductor solutions, specializes in display drivers and timing controllers for various consumer electronics, employing around 2,000 individuals globally. As of September 30, 2021, the company holds over 3,000 patents, solidifying its competitive position in the market.
Himax Technologies (Nasdaq: HIMX), a leader in automotive display ICs, announced that its second generation in-cell TDDI series, HX83192, began mass production in Q3 2021. The series has achieved over 1 million units shipped in its first quarter and is set for broad adoption in new vehicle models from 2022 to 2024. Himax holds over 40% market share in traditional automotive driver ICs and expects its automotive TDDI sales to significantly contribute to revenue, anticipating automotive ICs to become its largest revenue source in 2022.
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.
Himax Technologies, Inc. (NASDAQ: HIMX) announced participation in Citi Taiwan Corporate Day 2021 from November 30 to December 1, 2021. Management will conduct one-on-one and group meetings with interested investors during the event. Attendance is by invitation only, with mandatory registration required. Himax is a leading fabless semiconductor manufacturer, specializing in display drivers and imaging technologies, and currently holds 3,021 patents worldwide. The company aims to strengthen investor relations and showcase its innovations at the conference.
Himax Technologies reported Q3 2021 revenues of $420.9 million, a 15.2% sequential increase and 75.4% year-over-year growth. The gross margin reached 51.7%, with non-IFRS earnings per diluted ADS at 79.5 cents, both at record highs. The company anticipates Q4 revenues to grow by 4% to 8%, with gross margin around 50%. Aiming for continued growth, Himax's automotive segment is projected to become its largest revenue driver in 2022, supported by strategic supply agreements, despite challenges from ongoing wafer shortages.
FAQ
What is the current stock price of Himax Technologies (HIMX)?
What is the market cap of Himax Technologies (HIMX)?
What does Himax Technologies specialize in?
Where is Himax Technologies headquartered?
What are the key products offered by Himax Technologies?
Which markets contribute to the majority of Himax's revenue?
What are Himax's recent achievements?
How is Himax performing financially?
What collaborations is Himax involved in?
What is Himax's position in the automotive display market?
What technologies is Himax focusing on for future growth?
How does Himax ensure it remains competitive in the market?
