Himax Technologies, Inc. - HIMX STOCK NEWS

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.

Himax Technologies, Inc. (Nasdaq: HIMX) announced a conference call to discuss its first quarter 2021 financial results on May 6, 2021, at 8:00 a.m. EDT. Investors and analysts can join via dial-in or webcast. Himax is a leader in display driver ICs and semiconductor solutions for consumer electronics, with significant offerings across various devices, including TVs and smartphones. As of March 31, 2021, Himax holds 3,012 granted patents and 534 pending patents, highlighting its innovation in the semiconductor industry.

Himax Technologies (Nasdaq: HIMX) announced robust preliminary financial results for Q1 2021, forecasting strong performance ahead. Revenues reached $309.0 million, up 12.1% sequentially and 67.4% year-over-year, surpassing guidance of 5-10% increase. Gross margin hit 40.2%, exceeding guidance of 37-38%, and reflecting a significant year-over-year improvement. Earnings per diluted ADS were approximately 38.3 cents, above the expected 30-34 cents. The company anticipates strong demand continuing into Q2 despite the ongoing semiconductor shortage.

Himax Technologies (Nasdaq: HIMX) has partnered with BOE Varitronix (HKEX: 710) to develop a flexible AMOLED automotive display for a major new energy vehicle (NEV) maker. The 12.8-inch Center Information Display utilizes Himax's AMOLED driver and timing controller, enhancing visual quality and safety features. This collaboration positions Himax as a leading supplier in the growing automotive display market, focusing on user interaction technology. The increasing demand for smart cockpit displays supports this trend, underscoring Himax's commitment to innovation in automotive display solutions.

Himax Technologies announced that its ultralow power WE-I Plus AIoT Platform has received Microsoft Azure IoT PnP certification and is now listed in the Azure Certified Device Catalog. This platform enables reliable, long battery life edge AI products for Azure IoT cloud services. The WE-I Plus can operate for over a year on just 4 AA batteries, outperforming similar devices. By using secure metadata transmission, it enhances battery efficiency and device longevity. This collaboration aims to strengthen the Azure IoT ecosystem and simplify cloud connectivity for developers.