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.
Himax Technologies (NASDAQ: HIMX) announced preliminary financial results for Q2 2020, revealing revenues of $187 million, a 1.3% increase sequentially, against previous guidance forecasting a slight decline. The gross margin was approximately 21.0%, surpassing the projected range of 20.2% to 20.6%. Earnings per diluted ADS were expected to be around 0.8 cents, exceeding the guidance of a loss of 0.5 to 1.5 cents. Himax plans to disclose the full financial report and Q3 guidance in August.
Himax Technologies (HIMX) has launched the WiseEye WE-I Plus HX6537-A solution, supporting Google’s TensorFlow Lite for Microcontrollers. This new processor, designed for deep learning applications, offers ultra-low power consumption—under 5mW during Google Person Detection inference—with a 400MHz DSP and hardware accelerators for real-time motion detection. The platform promises a fivefold increase in machine learning inference speed and is aimed at various markets including home appliances and surveillance. Himax reinforces its position in the AIoT sector by collaborating with Google.
Himax Technologies reported Q1 2020 revenue of $184.6M, a 5.5% sequential increase, meeting guidance. Gross margin was 22.7%, exceeding expectations, while IFRS profit was $3.3M, or 1.9 cents per diluted ADS, also surpassing guidance. Q2 2020 guidance anticipates slightly lower revenue due to COVID-19, with gross margin expected between 20.2% and 20.6%. The company remains optimistic about growth in its TDDI business for tablets, now 5% of total revenues. Challenges include a decline in WLO shipments and uncertain demand in TV and automotive sectors.