Welcome to our dedicated page for Himax Technologi news (Ticker: HIMX), a resource for investors and traders seeking the latest updates and insights on Himax Technologi stock.
Himax Technologies, Inc. reports recurring developments as a fabless semiconductor solution provider focused on display imaging processing technologies. Company updates cover display driver ICs, timing controllers and touch controller products used in TVs, monitors, laptops, mobile phones, tablets, automotive displays, ePaper devices, industrial displays, projectors and AR or VR devices.
Recurring news themes include quarterly results and guidance, ADS dividend declarations, automotive display IC and Tcon demand, non-driver products, WiseEye ultralow-power endpoint AI, LCoS microdisplays, WLO optical technologies and OLED touch controller ICs. Product announcements often describe applications in smart home, surveillance, access control, smart glasses, smart cabin displays and advanced imaging.
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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.
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.