Himax Technologies Rebukes Motley Fool Article
September 10 2018 - 8:15AM
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 false and
misleading article, Why Himax Technologies Is Struggling, published
by Motley Fool, an online stock commentary blog, dated September 6,
2018. The article has subsequently been picked up by major
public portals such as Nasdaq, Yahoo Finance, etc, and spread out
in the investor community. The Company cautions investors that the
Motley Fool article contains false and misleading information.
The Company expects TDDI will contribute
substantial year-over-year growth for 2018 and 2019. Furthermore,
Himax expects its WLO shipment to its anchor customer will increase
substantially throughout the second half of this year and represent
significant growth versus 2H17 and sequentially, versus the first
half of 2018. Contributing to its growth expectations, Himax citied
its strong pipeline of new WLO R&D projects with the anchor
customer and other tier-1 customers.
For Android smartphones, Himax also believes its
recently announced Active Stereo Camera (ASC) 3D sensing solution,
jointly developed with MediaTek and Megvii for mass market models,
and the Qualcomm/Himax jointly developed structured light 3D
sensing solution for high end smartphone models will facilitate a
broader adoption of 3D sensing on Android smartphones during 2019.
The Company targets to begin 3D sensing product shipment towards
the end of the year or early 2019 with major ramp in 2019.
“Our business is strong and strategic
initiatives remain on track. In fact, our shipments of WLO products
are accelerating in 3Q18 and the shipment of 3D sensing products
will start towards the end of the year or early 2019. We are
very excited about the promising outlook for TDDI, WLO and 3D
sensing businesses in the second half of 2018 and leading into
2019. We are more optimistic than ever about the growth
opportunities of all three product segments. TDDI, WLO and 3D
sensing will significantly contribute to the Company’s top and
bottom lines as they represent higher average sales prices (ASPs)
and profitability than its traditional display driver IC business,”
said Jordan Wu, President and CEO of Himax.
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 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 2,200 people from three Taiwan-based
offices in Tainan, Hsinchu and Taipei and country offices in China,
Korea, Japan, Israel and the US. Himax has 2,997 patents granted
and 442 patents pending approval worldwide as of June 30, 2018.
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, 2017 filed with the SEC, as may be amended.
Company
Contacts:
Jackie Chang, CFOHimax
Technologies, Inc.Tel: +886-2-2370-3999 Ext.22300 OrUS 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: +886-2-2314-0877 Email:
ophelia_lin@himax.com.tw www.himax.com.tw
Ken Liu, Investor
RelationsHimax Technologies, Inc.Tel: +886-2-2370-3999
Ext.22513Fax: +886-2-2314-0877 Email:
ken_liu@himax.com.twwww.himax.com.tw
Investor Relations - US Representative
Contact:
John Mattio, FounderLamnia International,
LLC.Tel: +1 (203) 885 -1099Direct: +1 (203) 885 -1058 Email:
jmattio@lamniaintl.com www.lamniaintl.com.com
Himax Technologies (NASDAQ:HIMX)
Historical Stock Chart
From Aug 2024 to Sep 2024
Himax Technologies (NASDAQ:HIMX)
Historical Stock Chart
From Sep 2023 to Sep 2024