TAINAN, Taiwan, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. ("Himax" or "Company") (NASDAQ:HIMX), an industry leader in fabless display driver ICs and other semiconductors, today announced that the Company and its AI ecosystem partners will unveil a suite of innovative, production-ready AIoT applications at CES 2025, powered by Himax's groundbreaking ultralow power WiseEye Module solutions. These designs will showcase intuitive, user-friendly AI capabilities set to transform multiple industri ...

Core Insights - Himax Technologies, Inc. is set to showcase its advanced low-latency 3D naked-eye display solution at CES 2025, featuring proprietary technologies aimed at enhancing AR/VR applications [1][2] - The company’s Structured Light 3D Visual AI technology allows for real-time image adjustments based on user eye position, delivering immersive, glasses-free visual experiences [2][3] - Himax's latest 3D Time of Flight (ToF) visual processor, HE-2, supports high-speed 3D computation and AI operations, significantly improving system performance for AR/VR applications [3] Company Overview - Himax Technologies is a leading global fabless semiconductor provider specializing in display imaging processing technologies, with a strong market presence in automotive display technology [5][6] - The company has a diverse product portfolio, including display driver ICs, timing controllers, and AI sensing technologies, which are widely adopted across various industries [5][6] - As of September 30, 2024, Himax holds 2,683 patents granted and 390 patents pending approval worldwide, reflecting its commitment to innovation [6]

TAINAN, Taiwan, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. ("Himax") (NASDAQ:HIMX) and Seeed Studio ("Seeed"), an innovative Internet of Things (IoT) technology company specializing in hardware research, production and sales for edge computing, network communication, and smart sensing applications, today announced their collaboration at CES 2025 to showcase Seeed's SenseCAP Watcher, a groundbreaking real-time, ultralow power monitoring IoT device. Powered by Himax's ultralow power WiseEye2 H ...

A Revolutionary Leap in Real Time Fusion of Edge AI and Cloud-Powered Insights Empowering Smarter, Faster, and More Efficient IoT SolutionsTAINAN, Taiwan, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (“Himax”) (Nasdaq: HIMX) and Seeed Studio (“Seeed”), an innovative Internet of Things (IoT) technology company specializing in hardware research, production and sales for edge computing, network communication, and smart sensing applications, today announced their collaboration at CES 2025 to showc ...

TAINAN, Taiwan, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (“Himax” or “Company”) (Nasdaq: HIMX) today announced that it will join forces with renowned metal industry companies to showcase its industry leading WiseEye™ ultralow power AI sensing technology for smart door locks and innovative high-security palm vein authentication solution at the 2024 Taipei Building Show. At the event, Himax will collaborate with Duen Yih Metal Industrial Co., Ltd. (DANDY), unveiling the latest JANUS PV smart ...

TAINAN, Taiwan, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (“Himax” or “Company”) (Nasdaq: HIMX), an industry leader in fabless display driver ICs and other semiconductors, today announced its industry-leading third-generation automotive TDDI IC, the HX83195 series, and automotive OLED touch controller IC, the HX8530 series, have commenced mass production in the third quarter. These new product launches highlight Himax's technological innovation capabilities, strengthen its market influence, ...

TAINAN, Taiwan, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (“Himax” or “Company”) (Nasdaq: HIMX), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that the Company will attend UBS Global Technology and AI Conference on December 2 – 5, 2024 at The Phoenician Hotel in Scottsdale, Arizona. The Company management will host in person meetings with interested investors during the conference dates. Conference participation is by invita ...

Financial Data and Key Metrics Changes - Q3 2024 revenues were $222.4 million, a sequential decrease of 7.2%, but significantly exceeded guidance of a 12% to 17% decrease [10] - Gross margin was 30%, in line with guidance but down from 31.4% in the same period last year [10][25] - Q3 profit per diluted ADS was $7.4, considerably above the guidance range of $1.5 to $4.5 [11] - Operating income for Q3 was $5.9 million, or 2.6% of sales, compared to 12.2% last quarter [23] - After-tax profit was $13 million, or $7.4 per diluted ADS, compared to $29.6 million last quarter [25] Business Line Data and Key Metrics Changes - Revenue from large display drivers was $30.7 million, reflecting a sequential decrease of 21.2% due to weaker monitor and DDIC sales [11][12] - Revenue from small and medium-sized display driver segment totaled $155.4 million, a decline of 2.2% sequentially but better than guidance [13] - Automotive driver sales experienced a mid-single digit decrease but outperformed expectations due to rush orders from Chinese panel customers [14] - Non-driver sales reached $36.3 million, a decline of 13.1% from the previous quarter, primarily driven by Tcon sales [17] Market Data and Key Metrics Changes - The automotive sector remains a primary revenue contributor, accounting for nearly half of total sales in Q3 [15] - Automotive IC sales are projected to grow high-teens year-over-year for 2024, significantly outperforming global automotive growth [51] - The Chinese market accounts for over 30% of global vehicle sales, influencing demand fluctuations [36] Company Strategy and Development Direction - The company is focused on enhancing manufacturing and operational efficiency while managing expenses amid a challenging macro environment [33] - There is optimism regarding growth in automotive, AI, WO, and OLED product lines, which are expected to drive significant business growth [34] - The company aims to capitalize on the growing adoption of OLED technology in automotive displays and is developing next-generation products for various applications [60][49] Management's Comments on Operating Environment and Future Outlook - The macro environment remains challenging, with panel customers reducing production to stabilize prices [32] - Management expressed confidence in the automotive sector's long-term growth despite uncertainties in the macro environment [34][90] - The company is cautious about Q1 2025 prospects but remains optimistic about automotive TDDI business growth [92] Other Important Information - Operating cash outflow for Q3 was approximately $3.1 million, primarily due to employee bonuses [27] - The company had $206.5 million in cash and equivalents at the end of Q3, down from $253.8 million in the previous quarter [26] Q&A Session Summary Question: Automotive business outlook and volatility - Management expressed confidence in Q4 automotive sales growth due to rush orders and the impact of China's renewed stimulus plan [88][90] Question: Contribution of CPO to non-driver sales growth - CPO is not expected to contribute significantly in Q4, with only small early shipments for engineering verification [102] Question: Future progress and sales contribution from CPO - Management highlighted ongoing engineering challenges and the need for advanced optical design to meet future demands [104][110]

EXHIBIT 99.1 Himax Technologies, Inc. Reports Third Quarter 2024 Financial Results; Provides Fourth Quarter 2024 Guidance Q3 2024 Revenues and EPS both Surpassed Guidance while Gross Margin In Line With Guidance Range Issued on Aug. 8, 2024 Company Q4 2024 Guidance: Revenues to be flat to slightly down QoQ, Gross Margin is Expected to be flat to slightly up QoQ, Profit per diluted ADS to be 9.3 Cents to 11.0 Cents Q3 2024 revenues were $222.4M, a decrease of 7.2% QoQ, yet significantly exceeded the guidance ...

Q3 2024 Revenues and EPS both Surpassed Guidance while Gross Margin In Line With Guidance Range Issued on Aug. 8, 2024Company Q4 2024 Guidance: Revenues to be flat to slightly down QoQ,Gross Margin is Expected to be flat to slightly up QoQ, Profit per diluted ADS to be 9.3 Cents to 11.0 Cents Q3 2024 revenues were $222.4M, a decrease of 7.2% QoQ, yet significantly exceeded the guidance range of a 12.0% to 17.0% decrease QoQ. The better-than-expected financial results stemmed primarily from stronger order mo ...