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 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.
Himax Technologies (Nasdaq: HIMX) announced the integration of its proprietary HX83121-A tablet TDDI solution in Xiaomi's latest devices, including the Xiaomi Pad 5 Pro 12.4 tablet and the Xiaomi Book S 12.4 laptop. This TDDI chip is the first of its kind to support high frame rates and active stylus features, enabling up to 2560 touch channels. The HX83121-A enhances user experience with superior touch sensitivity and intelligent frame rate switching, ensuring compatibility across multiple operating systems. Himax continues to lead in display imaging technologies with a robust patent portfolio.
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.
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