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, Inc. (NASDAQ: HIMX), a leader in display driver and semiconductor solutions, will attend the 23rd Credit Suisse Asian Technology Virtual Conference from September 5 to September 8, 2022. The management will engage in one-on-one and group meetings with interested investors. Participation is by invitation only, requiring prior registration. Himax specializes in display imaging technologies and boasts over 3,000 patents. They offer a range of products for various electronic devices, emphasizing their role in consumer electronics and emerging technologies.
Himax Technologies (NASDAQ: HIMX), a leading semiconductor manufacturer, announced its participation in the Jefferies 2022 Semiconductors, IT Hardware & Communications Infrastructure Summit from August 30-31 in Chicago. The company will engage in one-on-one and group meetings with investors during the event, which is invitation-only and requires advance registration. Himax is recognized for its display imaging processing technologies, and as of June 30, 2022, holds 3,004 patents globally, emphasizing its leadership in the display driver IC market.
Himax Technologies reported Q2 2022 revenues of $312.6M, down 24.3% QoQ but within guidance. The gross margin was 43.6%, and non-IFRS profit per diluted ADS stood at 43.9 cents. For Q3 2022, revenues are expected to decline by 35% to 39%, with gross margins projected between 35.5% and 37.5%. The automotive IC business remains the largest revenue contributor, expected to surpass 35% of total sales. Despite challenges, Himax anticipates revenue growth in Q4, bolstered by automotive and tablet demand.
Himax Technologies, Inc. (NASDAQ: HIMX) announced a conference call scheduled for August 11, 2022, at 8:00 a.m. EDT to discuss its second quarter 2022 financial results. Investors can attend via phone or webcast, with pre-registration required for phone access. The company specializes in display imaging processing technologies and is a leader in display driver ICs and timing controllers for various consumer electronics. Himax holds 3,004 patents and continues to innovate in the semiconductor industry.
Himax Technologies (Nasdaq: HIMX) announced a revised financial guidance for Q2 2022, with revenues expected to drop by 22% to 27%, compared to a prior estimate of 16% to 20%. Non-IFRS earnings per diluted ADS are now projected to be between 40 and 45 cents, down from 45 to 50 cents. IFRS earnings are estimated at 36.5 to 41.5 cents, reduced from 41.5 to 46.5 cents. The unchanged gross margin is estimated at 43% to 45%. The adjustments reflect a weaker macroeconomic environment and reduced demand from panel customers due to inflation and interest rate hikes.
Himax Technologies, Inc. (Nasdaq: HIMX) has announced its Annual General Meeting (AGM) to be held on August 16, 2022, at 9:30 a.m. in Tainan, Taiwan. Key agenda items include the adoption of the 2021 Audited Accounts, election of Mr. Liang-Gee Chen as an Independent Director, and extending the Long-Term Incentive Plan until September 6, 2025. The company has filed necessary documents with the SEC and made its 2021 Annual Report available on its website. Shareholders can access all AGM materials for review.
Himax Technologies (Nasdaq: HIMX) will participate in the UBS Taiwan Virtual Conference on June 20-21, 2022. The company will host one-on-one or group meetings with investors during this invitation-only event. Interested participants must register in advance. Himax is a leader in display driver ICs and semiconductor solutions for consumer electronics, employing around 2,100 people globally. The company holds over 3,000 patents and is headquartered in Tainan, Taiwan, with additional offices in several countries.
Himax Technologies, Inc. (Nasdaq: HIMX) announced its participation in the 6th Annual Needham Virtual Automotive Tech Conference on June 7, 2022. The company will host virtual one-on-one meetings with investors during the event, which is by invitation only. Interested parties can register and schedule meetings through a Needham representative. Himax is a leader in display driver ICs and semiconductor products, serving various consumer electronics sectors. As of March 31, 2022, the company holds 3,009 patents granted globally.
Himax Technologies, a fabless semiconductor provider, announced its participation in the Nomura Investment Forum Asia 2022 from June 6-10, 2022. The company will conduct virtual meetings with investors, available by invitation only. Himax, a leader in display driver ICs and imaging processing technologies, aims to connect with potential investors during this exclusive event. Founded in 2001 and headquartered in Tainan, Taiwan, Himax employs approximately 2,100 personnel and holds 3,009 patents as of March 2022.
Himax Technologies, a key player in the semiconductor industry specializing in display driver technology, will participate in the Citi Regional Tech Virtual Conference from May 18 to May 20, 2022. The company invites interested investors for virtual one-on-one or group meetings during the event. Founded in 2001 and headquartered in Tainan, Taiwan, Himax leads in display driver ICs and timing controllers for a variety of applications, including consumer electronics. As of March 31, 2022, it holds over 3,000 patents worldwide.
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