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.
The global display driver IC market is forecasted to grow significantly, reaching
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
Himax Technologies, a leading semiconductor manufacturer, will participate in the Baird 2023 Vehicle Technology & Mobility Virtual Conference on February 15, 2023. Eric Li, the Chief IR/PR Officer, will present from 12:00 PM – 12:30 PM ET.
Investors interested in one-on-one or group meetings can register for the event, which is by invitation only. Himax is recognized for its display driver technology and imaging processing solutions used across various consumer electronics.
As of December 31, 2022, Himax holds 2,932 patents granted and 398 patents pending.
Himax Technologies reported Q4 2022 revenues of $262.3M, exceeding guidance by 22.8% and reflecting 40.5% gross margin. Quarterly profit reached $42.2M, or 24.1 cents per diluted ADS. Despite a full-year revenue decline of 22.3% due to macroeconomic challenges, automotive sales surged over 50%. The company anticipates a Q1 2023 revenue decrease of 12.0% to 17.0% QoQ. However, it expects recovery in Q2 as customer inventory adjustments stabilize. For Q1, gross margin is projected at 28.0% to 30.0% and profit between 3.5 to 7.0 cents per diluted ADS.
Himax Technologies, Inc. (Nasdaq: HIMX) will host a conference call on February 9, 2023, at 8:00 a.m. EST to discuss its fourth quarter and full year 2022 financial results. Investors can register for the call via phone or participate through a webcast. Himax specializes in semiconductor solutions for display imaging and is a leader in display driver ICs used across a variety of consumer electronics. The company, headquartered in Tainan, Taiwan, employs around 2,100 people and has a significant patent portfolio with 2,932 patents granted as of December 31, 2022.
Himax Technologies (NASDAQ: HIMX) reported strong fourth quarter 2022 results, with revenues of $262.3 million, exceeding prior guidance. This marks a 22.8% sequential increase, although 42% lower year-over-year. Gross margins were 30.5%, slightly below the expected range. Earnings per diluted ADS were 24.1 cents (IFRS), surpassing guidance of 17.8 to 20.8 cents. For the full year, total revenues reached $1.2 billion, down 22.3% from 2021. Despite the strong Q4 performance, margins were impacted by excess inventory sales at discounted prices.
Himax Technologies (NASDAQ: HIMX) will participate in the 25th Annual Needham Growth Conference from January 10-12, 2023. The event, held at the Lotte New York Palace Hotel, is by invitation only, with one-on-one and group meetings available for investors. Himax is a leader in display driver ICs and other semiconductor products, catering to various consumer electronics. As of September 30, 2022, the company holds nearly 3,000 patents globally. Interested investors can contact Needham representatives for registration and meeting arrangements.
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