Himax Sees Further Advancement and Technology Breakthrough in Its AR-Related Business
January 14 2016 - 9:24AM
Himax Technologies, Inc. (Nasdaq:HIMX) (“Himax” or “Company”), a
leading supplier and fabless manufacturer of display drivers and
other semiconductor products, today announced the Company is seeing
customer additions and encouraging mass production shipment of its
liquid crystal on silicon ("LCOS") microdisplays and wafer level
optics ("WLO") products for augmented reality ("AR") applications
thanks to significant technology advancement and breakthrough.
Himax additionally announced its new design-ins in the next
generation panels of virtual reality (“VR”) devices for two
brand-leading VR companies.
Himax's AR/VR design engagements with current
and new customers now cover leading companies in the technology,
software, gaming, consumer, search, social media, military and
mobile sectors. The Company is increasing manufacturing and
shipping of LCOS microdisplays and WLO products for several
industry leading customers’ AR systems and devices.
For VR applications, Himax has won new
design-ins in the next generation panels of virtual reality (“VR”)
devices for two top-notch VR companies. Himax's expertise in OLED
DDIC, timing controller, power management IC, and ASIC provide its
VR customers with customized system-on-chips (SoC), enabling fast
refresh rates and high-resolution imaging essential for VR
products. These new VR products have received great interests and
positive feedbacks at 2016 CES, clearly establishing itself, along
with AR devices, as a new product category.
“At CES last week, Himax's display and optical
expertise in the field of AR/VR and technology readiness in machine
vision have enabled multiple customers’ applications across
glasses, automotives, toy, artificial intelligence, holographic
computing, and IoT markets,” began Jordan Wu, President and Chief
Executive Officer of Himax Technologies, Inc. "Since 2006, we have
invested more than $100 million in the development and
manufacturing of these technologies, which has led to our unique
leadership in the sector. We are excited about the business
opportunities in AR/VR in 2016 and beyond as our customers are
launching their products. We are also encouraged by the additional
design-in flow in various next generation product segments
mentioned above. These business opportunities resemble
significantly higher content value in each device, and will
contribute to gross and operating margins for Himax in the long
run. It’s a strong testament to the excellent and visionary work
being executed by our team. Currently, we see our core DDIC
business benefiting from a combination of market share gains,
China's panel manufacturing capacity expansion, new customer
acquisitions, and existing customer restocking. Looking into the
future, our AR/VR sales can meaningfully grow our revenues and
profits. We expect operating expenses will be a minimal increase
for such additional sales.”
About Himax Technologies,
Inc.
Himax Technologies, Inc. (HIMX) is a fabless
semiconductor solution provider dedicated to display imaging
processing technologies. Himax is a worldwide market leader in
display driver ICs and timing controllers used in TVs, laptops,
monitors, mobile phones, tablets, digital cameras, car navigation,
and many other consumer electronics devices. Additionally, Himax
designs and provides controllers for touch sensor displays, LCOS
micro-displays used in palm-size projectors and head-mounted
displays, LED driver ICs, power management ICs, scaler products for
monitors and projectors, tailor-made video processing IC solutions
and silicon IPs. The company also offers digital camera solutions,
including CMOS image sensors and wafer level optics, which are used
in a wide variety of applications such as mobile phone, tablet,
laptop, TV, PC camera, automobile, security and medical devices.
Founded in 2001 and headquartered in Tainan, Taiwan, Himax
currently employs around 1,900 people from three Taiwan-based
offices in Tainan, Hsinchu and Taipei and country offices in China,
Korea, Japan and the US. Himax has 2,764 patents granted and 566
patents pending approval worldwide as of December 31, 2015. Himax
has retained its position as the leading display imaging processing
semiconductor solution provider to consumer electronics brands
worldwide.
http://www.himax.com.tw
Forward Looking Statements
Factors that could cause actual events or
results to differ materially include, but not limited to, general
business and economic conditions and the state of the semiconductor
industry; market acceptance and competitiveness of the driver and
non-driver products developed by the Company; demand for end-use
applications products; reliance on a small group of principal
customers; the uncertainty of continued success in technological
innovations; our ability to develop and protect our intellectual
property; pricing pressures including declines in average selling
prices; changes in customer order patterns; changes in estimated
full-year effective tax rate; shortages in supply of key
components; changes in environmental laws and regulations; exchange
rate fluctuations; regulatory approvals for further investments in
our subsidiaries; our ability to collect accounts receivable and
manage inventory and other risks described from time to time in the
Company's SEC filings, including those risks identified in the
section entitled "Risk Factors" in its Form 20-F for the year ended
December 31, 2014 filed with the SEC, as may be amended.
Company Contacts:
Jackie Chang, CFO
Himax Technologies, Inc.
Tel: +886-2-2370-3999 Ext.22300
Or
US Tel: +1-949-585-9838 Ext.252
Fax: +886-2-2314-0877
Email: jackie_chang@himax.com.tw
www.himax.com.tw
Nadiya Chen, Investor Relations
Himax Technologies, Inc.
Tel: +886-2-2370-3999 Ext. 22513
Fax: +886-2-2314-0877
Email: nadiya_chen@himax.com.tw
www.himax.com.tw
Penny Lin, Investor Relations
Himax Technologies, Inc.
Tel: +886-2-2370-3999 Ext.22320
Fax: +886-2-2314-0877
Email: penny_lin@himax.com.tw
www.himax.com.tw
Investor Relations - US Representative
Lamnia International, LLC.
John Mattio, CEO
Tel: +1-203-885-1058
Email: jmattio@lamniaintl.com
www.lamniaintl.com
Himax Technologies (NASDAQ:HIMX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Himax Technologies (NASDAQ:HIMX)
Historical Stock Chart
From Apr 2023 to Apr 2024