TAINAN, Taiwan, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq: HIMX), an industry leader in fabless display driver ICs and other semiconductors, today announced the successful mass production of its cutting-edge In-Cell Touch TDDI (Touch and Display Driver Integration) solution, the HX83132, for high-end LCD AI laptops. The HX83132 has already been adopted by several leading panel makers across the board. By entering mass production during the third quarter of 2024, this marks a signifi ...

I reiterated the 'Buy' rating on Himax Technologies (NASDAQ: HIMX ) in my previous article published in June 2024, highlighting the strong growth in automotive market. While the company anticipates a weak automotive market in FY24, I think their comprehensive automotive Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opi ...

TAINAN, Taiwan, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that it will hold a conference call with investors and analysts on Thursday, November 7 at 8:00 a.m. US Eastern Standard Time and 9:00 p.m. Taiwan Time to discuss the Company's third quarter 2024 financial results. HIMAX TECHNOLOGIES THIRD QUARTER 2024 EARNINGS CONFERENCE CALLDATE:Thu ...

Financial Performance - Q2 2024 revenues reached $239.6 million, a sequential increase of 15.5%, exceeding the guidance range of 8% to 13% [7] - Gross margin improved to 32%, up from 29.3% in the previous quarter and 21.7% year-over-year, aligning with guidance of 31.5% to 33.5% [7][8] - Profit per diluted ADS was 16.9 cents, at the top end of the guidance range of $0.13 to $0.17 [8][13] - Operating income was $29.3 million, or 12.2% of sales, compared to a loss of 0.9% of sales in the same period last year [12] Business Line Performance - Revenue from large display drivers was $39 million, a sequential increase of 24.7%, driven by customer restocking in TV and monitor ICs [8][9] - Small and medium-sized display driver revenue reached $158.8 million, marking a sequential increase of 10.1% due to stronger sales in TDDI products [9][10] - Automotive driver sales increased by high-teens sequentially and over 50% year-over-year, despite expectations of weakening electric vehicle demand [9][10] - Non-driver business revenues reached $41.8 million, up 30.6% from the previous quarter, driven by Tcon product orders [11] Market Performance - Automotive IC business accounted for over 47% of total revenues in Q2, significantly higher than peers [22] - Sales in the Chinese automotive market showed weakness, impacting overall demand for ICs [20][21] - The U.S. and European automotive markets remained stable, contrasting with the fluctuations in China [21] Company Strategy and Industry Competition - The company is focusing on long-term innovation in automotive products, with a commitment to expanding into the automotive OLED panel market [22][23] - Strategic investments in FOCI and Obsidian Sensors aim to enhance product offerings and market reach in high-speed computing and thermal imaging [24][25] - The company is positioned to benefit from the growing demand for advanced automotive displays and is actively collaborating with major panel manufacturers [22][23] Management Commentary on Operating Environment and Future Outlook - Management expressed cautious optimism for Q4, despite recent global financial turmoil impacting consumer confidence [54] - The automotive display market is expected to continue growing, driven by technological advancements and increasing display sophistication [22] - The company anticipates a decline in Q3 revenues due to customer destocking measures, particularly in the Chinese market [20][29] Other Important Information - Operating expenses decreased by 6.7% sequentially and 11.1% year-over-year, reflecting strict budget controls [12] - Cash balance at the end of Q2 was $253.8 million, down from $277.4 million in the previous quarter, primarily due to customer refunds and strategic investments [14][15] - The company expects a decline in cash and equivalents in Q3 due to dividend payments and employee bonuses [15][18] Q&A Session Summary Question: Concerns about the automotive business and inventory adjustments - Management acknowledged the recent weakness in the Chinese market and the impact of inventory destocking on sales forecasts [52][54] Question: Timeline for CPO products and long-term confidence - Management indicated that mass production for CPO products is targeted for next year, with early results expected by the end of this year [57][58]

EXHIBIT 99.1 Himax Technologies, Inc. Reports First Quarter 2024 Financial Results; Provides Second Quarter 2024 Guidance Q1 2024 Revenues, EPS and Gross Margin All Exceeded Guidance Range Issued on February 6, 2024 Company Q2 2024 Guidance: Revenues to Increase 8% to 13% QoQ, Gross Margin is Expected to be 31.5% to 33.5%, Profit per diluted ADS to be 13.0 Cents to 17.0 Cents Q1 2024 revenues were $207.6M, a decrease of 8.8% QoQ, exceeding the guidance range of a 9% to 16% decline QoQ. Q1 GM reached 29.3%, ...

Semiconductor stocks represent one of the most powerful investment categories as the central asset undergirds myriad digital innovations. Without the most advanced computer chips, none of the innovations that we take for granted – especially artificial intelligence – would be possible. Thanks to the tech sector fallout, many (if not most) of these enterprises are now on sale.Of course, you want to be selective with your wish list. Not every semiconductor firm will enjoy resounding success. And some may have ...

HSINCHU and TAINAN, Taiwan, July 31, 2024 (GLOBE NEWSWIRE) -- E Ink Holdings Inc. (8069.TWO) ("E Ink"), an originator, pioneer and commercial leader in ePaper technology and Himax Technologies, Inc. (NASDAQ:HIMX) ("Himax"), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced the joint debut of next generation color ePaper timing controller ASIC ("TCON"), the T2000. The new TCON design drives screen updates at a faster speed with lower power consum ...

HSINCHU and TAINAN, Taiwan, July 31, 2024 (GLOBE NEWSWIRE) -- E Ink Holdings Inc. (8069.TWO) (“E Ink"), an originator, pioneer and commercial leader in ePaper technology and Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced the joint debut of next generation color ePaper timing controller ASIC (“TCON”), the T2000. The new TCON design drives screen updates at a faster speed with lower power consu ...

TAINAN, Taiwan, July 08, 2024 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (NASDAQ:HIMX) ("Himax" or "Company"), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that it will hold a conference call with investors and analysts on Thursday, August 8 at 8:00 a.m. US Eastern Daylight Time and 8:00 p.m. Taiwan Time to discuss the Company's second quarter 2024 financial results. HIMAX TECHNOLOGIES SECOND QUARTER 2024 EARNINGS CONFERENCE CALLDATE:Thur ...

TAINAN, Taiwan, July 08, 2024 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that it will hold a conference call with investors and analysts on Thursday, August 8 at 8:00 a.m. US Eastern Daylight Time and 8:00 p.m. Taiwan Time to discuss the Company's second quarter 2024 financial results. HIMAX TECHNOLOGIES SECOND QUARTER 2024 EARNINGS CONFERENCE CALLDATE:Thu ...