Himax Technologi Stock Price, News & Analysis

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.

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.