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) 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.
Himax Technologies, a leader in display driver semiconductors, will participate in the Nomura@CES 2023 conference on January 4, 2023, at the Bellagio Hotel, Las Vegas. The company is inviting investors for one-on-one or group meetings during the event. Registration is mandatory, and interested parties should contact Nomura for details. Established in 2001 and based in Tainan, Taiwan, Himax specializes in display imaging processing technologies, holding nearly 3,000 patents. The firm aims to maintain its leadership in the consumer electronics market.
Himax Technologies reported Q3 2022 revenues of $213.6M, a 31.7% decline QoQ but above guidance. Gross margin reached 36.3%, while non-IFRS after-tax profit was $29.8M, or 17.0 cents per diluted ADS, lower than the previous quarter. For Q4 2022, the company expects revenues to increase by 4% to 8%, with non-IFRS gross margin projected at 31.5% to 33.5%. A bright spot is anticipated in automotive, AMOLED, Tcon, and WiseEye AI segments, projected to account for over 50% of Q4 sales. Despite challenges, Himax's automotive business is expected to grow by 50% for the full year.
Himax Technologies, Inc. (Nasdaq: HIMX) has divested its subsidiary Emza Visual Sense Ltd., specializing in vision machine-learning algorithms. This move, effective immediately, will not disrupt Himax's ongoing business relationship with a key laptop customer. The company's WiseEye AI solution, focusing on ultralow power AI image sensing, remains integral to its strategy, with continued development of proprietary algorithms and partnerships with third-party specialists. Himax aims to capture opportunities in various end-point AI markets while enhancing its product offerings.
Himax Technologies, Inc. (NASDAQ: HIMX) will hold a conference call on November 10, 2022, at 8:00 a.m. EST to discuss its third quarter 2022 financial results. The event will be accessible via phone and webcast. Himax is a leading fabless semiconductor manufacturer specializing in display driver ICs and related technologies for various consumer electronics. Founded in 2001 and headquartered in Tainan, Taiwan, Himax has 2,980 patents granted and focuses on technological innovations in display imaging processing.
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