Himax Technologies, Inc. - HIMX STOCK NEWS

Himax Technologies, Inc. (Nasdaq: HIMX) has announced a conference call scheduled for May 11, 2023, at 8:00 a.m. EDT to discuss its first quarter 2023 financial results. Investors and analysts are invited to participate via phone or webcast, with registration required for phone attendance to obtain dial-in numbers. This call aims to provide insights into the company's financial performance and strategic direction amidst the competitive semiconductor landscape. Himax specializes in display driver technology, and as of March 31, 2023, holds 2,900 patents globally, underscoring its innovative capabilities. The conference will be accessible through a webcast, with a replay available post-event.

Himax Technologies, a semiconductor company, will showcase its WiseEye™ technology at ISC West 2023 from March 28 to 31. WiseEye is designed for battery-operated home security devices, including doorbells and surveillance cameras, offering significant power savings of up to 50% compared to traditional solutions. The technology features negative time pre-roll recording, capturing images before an event occurs. Himax's partnership with iCatch Technology aims to elevate security applications by integrating advanced AI capabilities. Additionally, the WiseEye-inside PIR camera enhances performance in detecting motion while reducing false alarms.

The AR and VR display market is projected to expand from USD 1.8 billion in 2023 to USD 8.2 billion by 2028, growing at a CAGR of 35.6%.

Key drivers include increased adoption of AR and VR HMDs across industries, the growing popularity of the Metaverse, and rising demand for OLED displays. Consumer applications are expected to show significant growth due to demand in gaming and entertainment.

While North America leads in demand, Asia Pacific is anticipated to grow the fastest due to extensive investment in AR and VR technologies, particularly in gaming and industrial applications.

Himax Technologies will showcase its next generation WiseEye solutions at Embedded World 2023 from March 14-16 in Germany. The company plans to present its WE2 AI processor, achieving a 30x increase in inferencing performance with a 40% reduction in power consumption compared to the prior version. The WE2 is designed for low-power IoT applications, featuring advanced facial expression recognition capabilities. Himax will also unveil new 3D vision AI processors supporting spatial reality applications, crucial for AR/VR technologies. This demonstrates Himax's commitment to pioneering ultralow power AI solutions in the fast-evolving AIoT market.

The global display driver IC market is forecasted to grow significantly, reaching US$13.58 billion by 2027, up from US$6.16 billion in 2020, representing a CAGR of 11.95%. Key drivers include rising demand for enhanced display panels in consumer electronics like TVs, laptops, and smartphones. Innovations, such as chip-on-glass technologies, are also contributing to market growth. However, increasing competition and higher production costs may pose obstacles. Notably, Himax Technologies reported US$963.5 million in revenue from small and medium applications in 2021, marking an 86.8% year-over-year increase.

Himax Technologies (Nasdaq: HIMX) will participate in the 26th Credit Suisse Asian Investment Conference from March 20 to 23, 2023, held at the Conrad Hotel in Hong Kong. The company's management will hold one-on-one or group meetings with interested investors.

Conference attendance is by invitation only, requiring prior registration. Established in 2001 and headquartered in Tainan, Taiwan, Himax is a leading provider of display driver ICs and services across various consumer electronics. The company employs around 2,200 staff and holds nearly 3,000 patents globally, further solidifying its status in the semiconductor industry.

Himax Technologies (Nasdaq: HIMX) announced participation in the BofA Securities 2023 APAC TMT Conference from March 13-17, 2023, at the Grand Hyatt Taipei. The company's management will conduct one-on-one and group meetings with investors during the event, which is by invitation only.

As a leading supplier of display driver ICs and other semiconductor products, Himax focuses on display imaging processing technologies across various consumer electronics. The company holds a significant patent portfolio, with 2,932 patents granted and 398 pending as of December 31, 2022.

Himax Technologies (Nasdaq: HIMX) announces its participation in the Susquehanna 12th Annual Technology Conference on March 3, 2023. The company will host virtual meetings with investors, requiring prior registration. Himax is a leader in display driver ICs, supplying products for various consumer electronics such as TVs, laptops, and smartphones. The company, founded in 2001 and headquartered in Tainan, Taiwan, employs around 2,200 people and holds over 2,932 patents. For inquiries about the conference, contact Susquehanna's coordinator.

The global Liquid Crystal on Silicon (LCoS) Displays market, valued at US$1.9 billion in 2022, is projected to reach US$3 billion by 2030, growing at a CAGR of 5.8%. The U.S. market size is estimated at US$563.1 million while China is expected to grow at a 5.4% CAGR to reach US$528 million. Head-Mounted Displays (HMD) will be notable with a 6.1% CAGR, reaching US$1.6 billion. The PR highlights challenges facing the economy, notably inflation and potential recessions, but underscores growth opportunities for resilient businesses.