Himax Technologies, Inc. Provides More Clarification on its CTO’s Retirement
July 05 2016 - 5:00AM
Himax Technologies, Inc. (Nasdaq:HIMX) (“Himax” or “Company”), a
leading supplier and fabless manufacturer of display drivers and
other semiconductor products, today provided more insights into the
Company's organizational structure and technology development
following the previously announced long-planned retirement of its
Chief Technology Officer, Mr. Chih-Chung Tsai.
The Company believes that the retirement of Mr.
Tsai will not impact the Company’s business and technology
development. The Company’s organization has been that each product
line is led by individual general managers ("GM") and respective
chief technology officers of business units and subsidiaries. All
product line GMs and CTOs interact closely with the Company's
Founder and Chairman, Dr. Biing-Seng Wu, who sets the Company’s
overall technology direction. Dr. Wu has been and remains the
Company's head technologist leading the Company’s various
industry-leading technology innovations.
"Our organizational structure is flat which
allows us to gather ideas directly from our business units and
subsidiaries," said Dr. Wu. "This organizational structure has
provided optimal efficiency for our Company’s operations. We
believe that it has been a strong contributor to our ability to
deliver numerous breakthroughs and maintain our technology lead in
the display and optic fields. Looking forward, as we expect growth
from all of our product segments, this organizational structure is
even more critical to the overall success of our business.”
About Himax Technologies, Inc.
Himax Technologies, Inc. (NASDAQ: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, virtual reality
(VR) devices and many other consumer electronics devices.
Additionally, Himax designs and provides controllers for touch
sensor displays, in-cell Touch and Display Driver Integration
(TDDI) single-chip solutions, LED driver ICs, power management ICs,
scaler products for monitors and projectors, tailor-made video
processing IC solutions, silicon IPs and LCOS micro-displays for
augmented reality (AR) devices and heads-up displays (HUD) for
automotive. 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, medical devices and
Internet of Things. 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 2,878 patents
granted and 480 patents pending approval worldwide as of June 30,
2016. 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, 2015 filed with the SEC, as may be amended.
Company Contacts:
Jackie Chang, CFOHimax Technologies, Inc.Tel:
+886-2-2370-3999 Ext.22300OrUS Tel: +1-949-585-9838 Ext.252Fax:
+886-2-2314-0877Email:
jackie_chang@himax.com.twwww.himax.com.tw
Penny Lin, Investor RelationsHimax
Technologies, Inc.Tel: +886-2-2370-3999 Ext.22320Fax:
+886-2-2314-0877Email: penny_lin@himax.com.twwww.himax.com.tw
Investor Relations - US RepresentativeJohn
Mattio, FounderLamnia International, LLC.Tel: +1 (203) 885
-1099Direct: +1 (203) 885 -1058Email:
jmattio@lamniaintl.comwww.lamniaintl.com
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