Himax Technologies, Inc. Secures TDDI Design Win for Major Korean Smartphone Maker
January 11 2019 - 05:30AM
Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a
leading supplier and fabless manufacturer of display drivers and
other semiconductor products, today announced an in-cell Touch and
Display Driver Integration (TDDI) design win for a major Korean
smartphone maker. Following the Company’s November 8th, third
quarter 2018 conference call, Himax has secured several, additional
design wins for leading smartphone OEMs, automotive displays and
other applications, most of which the Company expects to ship in
2019.
“We are very pleased to have secured another
marquee design win and multiple others over the past two months,”
began Jordan Wu, President and CEO Himax Technologies. “Smartphones
are refreshing their designs and capabilities beginning with
widespread TDDI adoption. TDDI is cost-effective, saves space
needed to add new technologies such as 3D sensing technologies for
smartphones. We have developed applications across many of our
business segments. Our TDDI sales to an expanding list of customers
will be one of our strongest growth drivers this year and into
next.”
According to a 2018 report published by IHS
Market, TDDI sales are expected to increase from 380 million units
in 2018, to 510 million units in 2019, representing 34.2% growth
year-over-year. As announced on the Company’s third quarter 2018
conference call, Himax secured its TDDI capacity with existing and
new fabricators to fully support its rapidly growing TDDI
business.
Himax’s TDDI ASPs are higher than traditional
display drivers. TDDI sales are expected to significantly
contribute to Himax’s year-over-year revenue and profitability
growth.
Himax’s TDDI design win at this major Korean
smartphone maker is expected to begin shipping in the first quarter
of this year and may expand to more models. This design win
is one of many additional design wins secured with tier-1
smartphone OEMs and several other customers. Himax expects to more
than double its TDDI sales and market share year-over-year.
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 2,983 patents granted
and 493 patents pending approval worldwide as of September 30th,
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
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.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
Sky Wang, Investor RelationsHimax Technologies, Inc.US Tel:
+1-949-585-9838 Ext.223Fax: +1-312-445-3643Email:
sky_wang@himax.com.twwww.himax.com.tw
Investor Relations - US Representative
John Mattio, PresidentLamnia InternationalTel:
+1-203-885-1058Email: jmattio@lamniaintl.comwww.lamniacom.com
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