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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, a leading supplier and fabless manufacturer of display drivers and other semiconductor products, will hold its Annual General Meeting (AGM) on August 14, 2024, in Taiwan. Shareholders will vote on adopting the 2023 Audited Accounts and Financial Reports and re-electing Mr. Yuan-Chuan Horng as an Independent Director. The AGM will take place at Himax FAB 2 in Tainan City at 9:30 a.m. local time. The Company has filed its Proxy Statement with the SEC, and the 2023 Annual Report is available on the Himax website. For more details, investors can contact Karen Tiao or Mark Schwalenberg.
Himax Technologies has announced a strategic investment in FOCI Fiber Optic Communications through a private placement financing. Himax will acquire a 5.3% equity stake in FOCI by purchasing 5,000,000 shares at NT$104.4 per share, totaling NT$522 million (approximately $16 million USD). The collaboration aims to integrate Himax's Wafer Level Optics (WLO) technology with FOCI's Co-Packaged Optics (CPO) technology to enhance high-performance computing, cloud servers, and other applications. This partnership is expected to improve bandwidth, data transfer rates, signal integrity, and reduce latency and energy consumption. FOCI's ReLFACon™ CPO connector, combined with Himax’s WLO technology, will be used in various advanced applications, including Artificial General Intelligence (AGI), industrial digitization, and healthcare. This collaboration is a strategic move to solidify both companies’ positions in the high-speed computing and optical communication sectors.
Himax Technologies announced the integration of its WiseEye™ Ultralow Power AI Sensing solution with the NVIDIA TAO platform. This partnership aims to enhance on-device AI deployment for battery-powered devices by leveraging NVIDIA's enterprise-ready, pretrained models and low-code capabilities. WiseEye™ combines ultralow power AI processors, CMOS image sensors, and advanced CNN-based AI algorithms to deliver intelligent, power-efficient vision AI applications. The collaboration allows developers to quickly build and deploy custom AI models using cost-efficient, production-ready modules and evaluation kits, simplifying AI development and extending the operational lifetime of devices. Seeed Studio's SenseCraft toolkit further supports this ecosystem by enabling no-code deployment of NVIDIA TAO-trained models on the WiseEye platform.
Himax Technologies announced a strategic investment in Obsidian Sensors to advance next-gen thermal imaging technology. The investment, though undisclosed, places Himax as the lead investor in Obsidian’s convertible note financing. The collaboration will merge Himax's WiseEye AI processors with Obsidian's high-resolution thermal sensors, targeting automotive, industrial, and security applications. Obsidian's proprietary technology, capable of high-volume, low-cost production, is expected to transform the thermal imaging market. The partnership is poised to benefit from new safety regulations mandating advanced driver assistance systems. Prominent existing investors in Obsidian include Qualcomm Ventures, Hyundai, and others.
Himax Technologies will attend the Baird 2024 Global Consumer, Technology and Services Conference from June 4 to June 6, 2024, in New York. Represented by Chief IR/PR Officer Eric Li, Himax will participate in a fireside chat on June 4 from 3:10 PM to 3:40 PM EDT. The company will also conduct in-person meetings with investors, although participation is by invitation only and requires registration. The event aims to offer insights into Himax's business operations and growth strategies.
Himax Technologies, Inc. reported strong Q1 2024 financial results, with revenues, EPS, and gross margin exceeding guidance. Q2 2024 guidance predicts revenue growth of 8% to 13% QoQ and an increase in gross margin. The company expects business momentum to improve in the second half of the year, particularly in the automotive sector. Himax also announced an annual cash dividend and highlighted innovations like WiseEye AI and new LCoS microdisplay technology.
Himax Technologies, Inc. declared a cash dividend of 29.0 cents per ADS for the year 2023, payable on July 12, 2024. This represents a payout ratio of 100% of last year's profit, showcasing the company's positive business outlook and strong balance sheet.
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