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, 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.
Himax Technologies (Nasdaq: HIMX) and Seeed Studio are set to showcase the SenseCAP A1101 LoRaWAN Vision AI Sensor at CES 2023 from January 5-8 in Las Vegas. This sensor integrates Himax's WiseEye™ smart image sensing technology, offering battery-powered operation for over nine months with low power consumption. The device supports a wide temperature range and is designed for various IoT applications including smart agriculture. The collaboration aims to enhance AI-enabled sensing capabilities, addressing growing demand in the market.
Himax Technologies will exhibit its latest WiseEye smart image sensing and WLO technologies at CES 2023 from January 5-8 in Las Vegas. The exhibition will feature a live demo of ultralow power tinyML solutions in various applications. Himax plans to unveil its new WE2 AI processor, which promises 40% peak power savings and 30-fold inference speed improvements. The company also showcases next-gen 3D vision processors aimed at AR/VR applications, alongside new WLO optics components, further expanding its product range in cutting-edge technologies.
Himax Technologies (NASDAQ:HIMX) has announced a partnership with Novatek Microelectronics to introduce an ultralow power AI solution for battery-operated surveillance cameras at CES 2023. This innovative solution combines Himax's WiseEye WE1 AI processor and Novatek's NT98566 AI vision processor. The technology enables efficient pre-roll recording, significantly extending battery life by about 30%. The live demonstration will take place during CES 2023, showcasing enhanced security and user experience, with the potential for further applications in everyday life.
Himax Technologies (NASDAQ: HIMX) has announced a partnership with Useful Sensors Inc., founded by former Google tech lead Pete Warden. At CES 2023, they will showcase AI appliances using Useful Sensors’ Person and Gesture Sensors integrated with Himax's WiseEye™ technology. These smart devices include applications like the Smart Air Cooler and Face-Following Robot, aimed at enhancing everyday interactions. The Person/Gesture Sensor, priced at $10, offers low-cost, efficient functionality to recognize gestures and faces without compromising user privacy, marking an important step in the adoption of AI in consumer electronics.
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