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, Inc. (NASDAQ: HIMX) has announced its Annual General Meeting (AGM) scheduled for August 25, 2021, at 9:30 a.m. in Tainan, Taiwan. Shareholders will vote on adopting the 2020 Audited Accounts and Financial Reports and re-electing Mr. Yan-Kuin Su as an Independent Director. The Company’s Proxy Statement has been filed with the SEC, and the 2020 Annual Report is available for download on the Himax website.
Himax Technologies, Inc. (NASDAQ: HIMX) will participate in the UBS Taiwan Virtual Conference 2021 from June 21 to June 23, 2021. The Company plans to engage with interested investors through one-on-one and group meetings. Attendance is by invitation only, and registration is required. Himax is recognized as a leading supplier in display driver ICs and semiconductor products, offering a variety of technologies for consumer electronics. The firm's extensive portfolio includes solutions for AR and VR devices, smartphones, and automotive applications.
Himax Technologies declared a cash dividend of 27.2 cents per ADS, equivalent to 13.6 cents per ordinary share, for 2020. The dividend is payable on July 12, 2021 to shareholders on record as of June 30, 2021. This marks a payout ratio of 100% based on fiscal year 2020 profit, reflecting strong revenue and earnings growth. Himax has a commitment to its dividend policy since its IPO in 2006, underscoring confidence in strategic growth initiatives and the financial outlook for 2021.
Himax Technologies, a leading semiconductor provider, will attend Baird's 2021 Global Consumer, Technology & Services Conference from June 8-10, 2021. Chief IR/PR Officer Eric Li will speak during a fireside chat on June 10 from 9:05 to 9:35 AM EDT. The company will also hold meetings with investors throughout the event. Himax, headquartered in Tainan, Taiwan, specializes in display drivers and imaging processing technologies, holding over 3,000 patents. Participation in the conference is by invitation only, and registration is required.
Himax Technologies, Inc. (Nasdaq: HIMX) will participate in the Cowen 49th Annual Technology, Media & Telecom Virtual Conference from June 1 to June 3, 2021. The company's management will conduct one-on-one meetings with potential investors during this event, which is by invitation only. Himax is a leading supplier of display drivers and semiconductor products, recognized for its innovations in display imaging processing technologies. Founded in 2001 and based in Tainan, Taiwan, Himax holds over 3,000 patents worldwide, demonstrating its strong position in the semiconductor market.
Himax Technologies (Nasdaq: HIMX) has introduced its advanced phase modulation LCoS technology targeting two main applications: AR Head-Up Display (HUD) for automotive and Wavelength Selective Switch (WSS) for optical communications. The AR HUD provides superior visual experiences with multi-focal plane capabilities, lower power consumption, and enhanced costs. The WSS system enhances data routing flexibility and bandwidth in WDM networks. Himax has a decade-long production history and can scale its LCoS display production from 300,000 to 2 million units monthly.
Himax Technologies (NASDAQ: HIMX) will participate in the Citi Regional Tech Virtual Conference 2021 from May 20 to May 24, 2021. Management will hold one-on-one meetings with investors during the event, which is by invitation only and requires registration. Himax is renowned for its display driver ICs and semiconductor products, playing a critical role in various consumer electronics, including TVs, mobile devices, and automotive systems. The company currently holds 3,012 patents globally and continues to lead in display imaging processing technologies.
Himax Technologies, Inc. (NASDAQ: HIMX) announced its participation in the 16th Annual Needham Virtual Technology & Media Conference, taking place from May 17 to May 20, 2021. Mr. Eric Li, Chief IR/PR Officer, will present on May 19, from 8:45 AM to 9:25 AM EDT. The company is also offering one-on-one meetings for investors throughout the conference. Himax, a leading supplier of display drivers, holds over 3,000 patents and specializes in display imaging processing technologies for consumer electronics.
Himax Technologies reported record Q1 2021 results, with revenues of $309 million, a 12.1% QoQ increase, surpassing guidance of 5-10%. Gross margin hit 40.2%, exceeding expectations, while EPS reached 38.3 cents, above the guided range. Demand remained robust across segments, notably in smartphones and tablets, driven by increased remote work and learning. For Q2 2021, Himax anticipates a 15-20% sequential revenue growth, with gross margins expected between 45.5%-47.5%. Despite a supply-demand imbalance in the semiconductor industry, the company secured increased capacity and focused on higher-margin products.
Himax Technologies (Nasdaq: HIMX) announces collaboration with CM Visual Technology Corp. (CMVT) to enhance display performance through their Omniwide Film. Himax, the largest shareholder of CMVT since October 2020, aims to leverage CMVT’s advanced optical film designs to improve optical compensation in various displays. The product line includes solutions for TN, VA, IPS, and OLED displays, with the HVS series already designed into automotive platforms. The partnership is expected to generate significant revenue opportunities for both companies.
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