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 (NASDAQ: HIMX) announced a partnership with Edge Impulse to accelerate machine learning (ML) model development on the Himax HX6537-A WE-I Plus AI processor. This collaboration leverages Google TensorFlow Lite for Microcontrollers, yielding low-power, efficient solutions for motion detection, sound recognition, and image classification. The integration aims to enhance predictive maintenance and asset tracking applications while enabling easy deployment for developers. Upcoming webinars will provide further insights into TinyML and its applications in embedded development.
Himax Technologies (NASDAQ: HIMX) has launched the WE-I Plus EVB, an Endpoint AI Development Board, now available for purchase at SparkFun. This innovative board features Himax’s HX6537-A AI processor and HM0360 always-on image sensor, catering to developers focused on Endpoint AI applications. The WE-I Plus processor runs at 400MHz with ultra-low power consumption, making it suitable for various TinyML neural network models. It supports TensorFlow Lite for Microcontrollers and displays high efficiency in computer vision tasks.
Himax Technologies (NASDAQ: HIMX), a leader in semiconductor display drivers, will attend the Credit Suisse 24th Annual Virtual Technology Conference from November 30 to December 3, 2020. The company will hold one-on-one meetings with interested investors during this invitation-only event. Himax, which specializes in display imaging processing technologies, boasts over 2,900 patents and serves a wide range of consumer electronics markets. For additional details on the conference or to schedule meetings, interested parties are encouraged to contact Credit Suisse representatives.
Himax Technologies reported Q3 2020 earnings exceeding guidance across key metrics, including revenue of $239.9M, a 28.3% sequential increase. Gross margin reached 22.3%, up 130 bps QoQ, and IFRS profit per ADS was 4.9 cents, surpassing expectations. The company anticipates a 10% sequential revenue increase in Q4, driven by strong demand in monitors, notebooks, and tablets. Smartphone TDDI revenue is expected to grow significantly, despite ongoing foundry capacity constraints. Overall, Himax forecasts continued growth and margin improvement into 2021.
Himax Technologies, Inc. (NASDAQ: HIMX) announced a conference call to discuss its third quarter 2020 financial results on November 12, 2020, at 8:00 a.m. EST. Investors can join via dial-in at +1 (866) 444-9147 (U.S.) or +1 (678) 509-7569 (International), with conference ID 4408778. A replay will be available two hours post-call until November 20, 2020. Himax, based in Tainan, Taiwan, specializes in display drivers and semiconductor products for numerous electronic devices, holding 2,915 patents globally. The company emphasizes its leadership in display imaging technology.
Himax Technologies, Inc. (Nasdaq: HIMX) pre-announced strong preliminary financial results for Q3 2020, exceeding earlier guidance. Revenues reached $239.9 million, up 28.3% sequentially and 46.1% year-over-year. Gross margin improved to 22.3%, surpassing guidance, and EPS estimates exceeded expectations at approximately 4.9 cents (up 510% sequentially). Non-IFRS EPS was about 7.3 cents, a remarkable 625.9% increase sequentially. The company anticipates continued momentum in Q4 2020, with detailed financial updates planned for November.
Himax Technologies (NASDAQ: HIMX) announced its participation in the Jefferies Virtual Semiconductor Summit on September 1-2, 2020. The company will hold one-on-one meetings with investors during the event, which is by invitation only. Himax is a leading supplier of display drivers and semiconductor products, specializing in technologies for consumer electronics. Founded in 2001 and headquartered in Tainan, Taiwan, Himax has over 2,926 patents and employs around 2,000 people across its offices worldwide.
Himax Technologies reported Q2 2020 revenues of $187.0 million, surpassing guidance by 1.3%. Despite a sequential decline in gross margin to 21.0%, profits exceeded expectations, with IFRS profit reaching $1.4 million. The company anticipates a 20% revenue increase in Q3 2020, driven by strong sales in tablet and smartphone markets. Challenges include a significant decline in traditional smartphone DDICs. The automotive segment maintains a positive long-term outlook. Himax plans to enhance gross margins and tackle foundry capacity shortages impacting growth.
Himax Technologies will hold an earnings conference call on August 6, 2020, at 7:45 a.m. EDT to discuss its Q2 2020 financial results. This adjustment to the schedule is to accommodate high call volumes. Participants can access the call via dial-in numbers (U.S.: +1 866 444 9147; International: +1 678 509 7569) or via a webcast. The call replay will be available from two hours post-call until August 14, 2020. Himax specializes in display driver ICs and related semiconductor products.
Himax Technologies, Inc. (NASDAQ: HIMX) will hold its annual general meeting in Tainan, Taiwan on August 26, 2020, at 9:30 a.m. Shareholders will vote on the adoption of the 2019 audited accounts and the re-election of Independent Director Hsiung-Ku Chen. The company’s proxy statement has been filed with the SEC, and the 2019 Annual Report is available on their website for download. Himax is a leader in display driver ICs and semiconductor solutions, employing around 2,000 staff and holding nearly 3,000 patents worldwide.
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