Himax Technologies Strongly Denies Citron Research Allegations of Fraud
December 08 2017 - 5:00AM
Himax Technologies, Inc. (Nasdaq:HIMX) (“Himax” or “Company”), a
leading supplier and fabless manufacturer of display drivers and
other semiconductor products, today responded to a tweet published
by Citron Research, an online stock commentary blog, dated December
6, 2017.
The Company reaffirms its commitment to transparent and reliable
shareholder communication, and its adherence to the highest
standards of corporate governance. Himax cautions investors that
Citron Research has never made any contacts with the Company and
that the tweet did not contain any input from the Company. Himax
categorically denies any and all allegations of fraud.
“Himax welcomes an open dialogue with any and all shareholders,”
said Jordan Wu, President and CEO of Himax. “The accusations made
by Citron Research are baseless and both the management team and
board of directors strongly disagree with their comments.”
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 head-up
displays (HUD) for automotive. The Company also offers
digital camera solutions, including CMOS image sensors and wafer
level optics for AR devices, 3D sensing and machine vision, 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 2,150 people from
three Taiwan-based offices in Tainan, Hsinchu and Taipei and
country offices in China, Korea, Japan and the US. Himax has
3,011patents granted and 441patents pending approval worldwide as
of September30th, 2017. 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,
2016 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
Ophelia Lin, Investor RelationsHimax
Technologies, Inc.Tel: +886-2-2370-3999 Ext.22202Fax:
+886-2-2314-0877Email: ophelia_lin@himax.com.twwww.himax.com.tw
Ken Liu, Investor RelationsHimax Technologies,
Inc.Tel: +886-2-2370-3999 Ext.22513Fax: +886-2-2314-0877Email:
ken_liu@himax.com.twwww.himax.com.tw
Investor Relations – US RepresentativeGreg
Falesnik, Managing DirectorMZ North AmericaTel:
+1-212-301-7130Email:
greg.falesnik@mzgroup.uswww.mzgroup.us
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