Himax and Nexchip Forge Strategic Alliance Cultivating Global Automotive Display Market
October 27 2023 - 4:00AM
Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a
leading supplier and fabless manufacturer of display drivers and
other semiconductor products, today announced it has entered a
Memorandum of Understanding (MOU) for Strategic Cooperation with
Nexchip Semiconductor Corporation (“Nexchip”), a China based
semiconductor foundry, for the supply of ICs for automotive display
market, in response to escalating demand for automotive displays
across the industry. Mr. Chen Ping-Po, Executive Vice President of
Automotive Display and Touch Operation Unit at Himax, signed the
MOU on behalf of the Company at Nexchip’s new factory inauguration
ceremony located in Hefei, China.
By entering the automotive area, the partnership
of Himax and Nexchip takes a significant stride forward in addition
to the existing successful collaboration in consumer electronic
products over the past several years. The collaboration illustrates
Himax’s foundry supply diversification strategy to expand IC supply
for the thriving automotive market and further strengthens the
Company’s position in it. The alliance also underscores both
parties’ undivided focus on the automotive market in the coming
years, particularly in China. With the development of electric
vehicles and automobile intelligence, the demand for displays in
smart cockpits continues to increase and evolve towards large-size,
high resolution, narrow bezel, curved, and touch integration
displays. Himax plays a critical role in enabling all these
features. Widely recognized in the industry for its leadership
position in automotive display IC market, Himax provides the
broadest offerings in the industry, ranging from traditional DDIC
to innovative technologies like TDDI, local dimming Tcon, LTDI and
AMOLED. Collectively, the holistic product range offers a
comprehensive one-stop-shop product portfolio, making Himax the
go-to provider for automotive display solutions.
“Nexchip has been a crucial and trusted
strategic partner for Himax for several years. Entering this
strategic alliance in automotive highlights Himax’s unwavering
dedication to broadening our supply chain to enhance capacity
management and cost optimization, while also enabling us to
solidify the prospects of our automotive businesses moving
forward,” said Chen Ping-Po, Executive Vice President of Automotive
Display and Touch Operation Unit at Himax.
About Himax Technologies,
Inc.
Himax Technologies, Inc. (NASDAQ: HIMX) is a
leading global fabless semiconductor solution provider dedicated to
display imaging processing technologies. The Company’s display
driver ICs and timing controllers have been adopted at scale across
multiple industries worldwide including TVs, PC monitors, laptops,
mobile phones, tablets, automotive, ePaper devices, industrial
displays, among others. As the global market share leader in
automotive display technology, the Company offers innovative and
comprehensive automotive IC solutions, including traditional driver
ICs, advanced in-cell Touch and Display Driver Integration (TDDI),
local dimming timing controllers (Local Dimming Tcon), Large Touch
and Display Driver Integration (LTDI) and AMOLED display
technologies. Himax is also a pioneer in tinyML visual-AI and
optical technology related fields. The Company’s industry-leading
WiseEyeTM Smart Sensing technology which incorporates Himax
proprietary ultralow power AI processor, always-on CMOS image
sensor, and CNN-based AI algorithm has been widely deployed in
consumer electronics and AIoT related applications. While Himax
optics technologies, such as diffractive wafer level optics, LCoS
micro-displays and 3D sensing solutions, are critical for
facilitating emerging AR/VR/metaverse technologies. Additionally,
Himax designs and provides touch controllers, AMOLED ICs, LED
drivers, EPD drivers, power management ICs, and CMOS image sensors
for diverse display application coverage. 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, Germany, and the
US. Himax has 2,838 patents granted and 376 patents pending
approval worldwide as of September 30, 2023.
http://www.himax.com.tw
Forward Looking Statements
Factors that could cause actual events or
results to differ materially from those described in this
conference call include, but are not limited to, the effect of the
Covid-19 pandemic on the Company’s business; 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; shortage in supply of key components; changes in
environmental laws and regulations; changes in export license
regulated by Export Administration Regulations (EAR); 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, 2022 filed with the SEC, as may be amended.
Company Contacts:
Eric Li, Chief IR/PR
OfficerHimax Technologies, Inc.Tel: +886-6-505-0880 Fax:
+886-2-2314-0877Email:
hx_ir@himax.com.twwww.himax.com.tw Karen Tiao,
Investor RelationsHimax Technologies, Inc.Tel:
+886-2-2370-3999Fax: +886-2-2314-0877Email:
hx_ir@himax.com.twwww.himax.com.tw
Mark Schwalenberg, DirectorInvestor
Relations - US RepresentativeMZ North AmericaTel:
+1-312-261-6430 Email: HIMX@mzgroup.us www.mzgroup.us
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