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鈩� 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 (HIMX) and AUO announced their collaboration to showcase AUO's AmLED庐 integrated automotive display platform at CES 2025. The partnership combines AUO's Display HMI technologies with Himax's automotive IC solutions to create advanced smart cockpit experiences.
The showcase features two main demonstrations: a 16-inch AmLED庐 display utilizing Himax's HX6630-B local dimming Tcon with bridge feature, achieving 50% power savings, and HX83195 TDDI for 3.2K x 2K resolution. The second demo presents dual 23-inch curved displays powered by Himax's HX82105-A automotive DDIC and HX8880-F local dimming Tcon, offering up to 4800 dimming zones and privacy functions.
The collaboration aims to enhance visual clarity, vehicle occupant interaction, and overall performance while supporting sustainability goals in automotive display technology.
Himax Technologies (HIMX) and Calumino have announced a strategic partnership to develop an innovative CMOS imager-based optical thermal sensor. The collaboration combines Himax's WiseEye2 AI processor and HM0360 CMOS image sensor with Calumino's proprietary CMOS and MOMS technologies.
The new thermal sensor features 10x better sensitivity than conventional thermopiles, ultralow power AI integration, privacy protection, and compact design. Key applications include people detection, assisted living, predictive maintenance, health monitoring, and security. A case study demonstrated up to 40% energy savings in commercial real estate compared to traditional sensors.
The product, scheduled for launch in late 2025, aims to democratize thermal imaging technology across consumer, commercial, and industrial markets through affordable pricing and scalable manufacturing processes.
Himax Technologies (HIMX) and Ganzin Technology announced their collaboration to showcase the Aurora IIS eye-tracking solution at CES 2025. The solution integrates Himax's WiseEye2 ultralow power AI processor with Ganzin's eye-tracking AI algorithm. The technology features a 30Hz gaze sampling rate, sub-1-degree accuracy, and enables detailed tracking of gaze direction, pupil size, and eye blinking.
The Aurora IIS is designed for AR/AI glasses and VR headsets, featuring minimal components including two miniature eye sensors and ultra-small IR-LEDs. The reference design includes a 400mAh lithium battery and advanced voice control capabilities. The solution aims to reduce system power consumption and extend battery life by offloading eye-tracking tasks from the main processor.
Himax Technologies (HIMX) announced the introduction of its expanded WiseEye PalmVein suite at CES 2025, featuring bimodal palm vein and face authentication technologies for smart door locks. The solution combines the WiseEye2 AI processor, AoS CMOS sensor, and palm vein authentication algorithm, achieving PSA Certified Level 2 security certification.
Key features include authentication in under 100 milliseconds, ultralow power consumption extending battery life to over 9 months on 8 AA batteries, and superior accuracy with a FAR of 1 in 1,000,000 and FRR below 1%. The technology has already been adopted by a U.S. customer for smart access control systems, with mass production in progress.
Himax Technologies (HIMX) announced plans to showcase its innovative WiseEye Module solutions at CES 2025. The ultralow power modules integrate AI processors and CMOS sensors, operating at single-digit milliwatts power consumption, making them ideal for battery-powered endpoint devices.
The company will demonstrate several applications including: PalmVein Module for biometric authentication, AI Baby Cry Detection Module, Dynamic Gesture Module for human-machine interaction, Human Sensing Module for presence detection, and People Flow Management Solution. The modules feature no-code/low-code AI development capabilities for various use cases including people counting, gesture recognition, and face recognition.
Himax Technologies (HIMX) and Seeed Studio announced their collaboration to showcase the SenseCAP Watcher at CES 2025. This innovative IoT device is powered by Himax's ultralow power WiseEye2 HX6538 AI processor and combines edge AI with cloud-based large language models (LLMs). The device features comprehensive vision and sound sensors, enabling real-time monitoring, object detection, and voice interaction capabilities.
The SenseCAP Watcher can detect over 80 object categories and process data locally while leveraging cloud-based LLMs for advanced scenario analysis. Built on Seeed's ESP32S3 platform, it integrates with the SenseCraft AI platform for no-code model training and deployment. The solution aims to address IoT demands for real-time data processing while minimizing energy consumption and operational costs.
Himax Technologies (HIMX) has announced a new $20 million share buyback program for its American Depository Shares (ADSs), effective immediately. The program allows for purchases through open market or private transactions, with no obligation to repurchase any specific amount and can be modified or suspended at the company's discretion.
The company has historically returned over $1 billion to shareholders through buybacks and dividends since its 2006 IPO. Management expressed confidence in Himax's market leadership and growth prospects, particularly in automotive, AI, WLO, and OLED sectors. The company maintains its commitment to strategic investments in high-growth sectors while focusing on shareholder value creation.
Himax Technologies (HIMX) has announced mass production of its third-generation automotive TDDI IC (HX83195 series) and OLED touch controller IC (HX8530 series) in Q3. The company holds over 50% market share in automotive TDDI with over 70 million units shipped. The HX83195 features world's first quad-TDDI chip cascading technology, supporting displays up to 30 inches, and has been adopted by Zeekr for its 16-inch display. The HX8530 OLED Touch IC, developed with Korean panel makers, entered mass production for a Chinese electric MPV, supporting displays from 7 inches to 50-inch pillar-to-pillar configurations.
Himax Technologies (Nasdaq: HIMX), a leading supplier and fabless manufacturer of display drivers and semiconductor products, announced its participation in the UBS Global Technology and AI Conference. The event will take place on December 2-5, 2024, at The Phoenician Hotel in Scottsdale, Arizona. Company management will be available for in-person meetings with investors during the conference. The conference is invitation-only, and registration is required through the conference coordinator.
Himax Technologies (HIMX) reported Q3 2024 revenues of $222.4M, down 7.2% QoQ but exceeding guidance. Q3 gross margin was 30.0%, with after-tax profit of $13.0M or 7.4 cents per ADS. For Q4 2024, the company expects revenues to be flat to slightly down QoQ, with gross margin flat to slightly up, and profit per ADS between 9.3-11.0 cents.
The company's automotive business remains the largest revenue contributor, representing nearly half of total sales. FY24 automotive driver IC sales are projected to grow high-teens YoY. Himax maintains strong position in automotive TDDI with over 70M cumulative shipments and expects Q4 automotive TDDI sales to surpass DDIC sales for the first time.
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