Himax Technologies, Inc. Responds to Analyst Report
September 08 2017 - 8:30AM
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 research report
issued by Andrew Uerkwitz, an analyst from Oppenheimer & Co.,
dated September 7, 2017. While Himax respects the research
analyst’s own opinions, the Company reaffirms its financial and
operational prospects and would caution investors that the report
did not contain any input from the Company.
“Our business and strategic initiatives remain on track,” said
Jordan Wu, President and CEO of Himax. “We have publicly presented
management’s view on our businesses including display driver IC
segment and 3D sensing opportunities with very consistent messages
to the investment community. We also recently announced 3D sensing
total solution on August 30, 2017. We remain optimistic in our
leading position in the 3D sensing supply chain, and have strong
confidence that we will achieve the deliverables on the existing
and new growth opportunities.”
The Company would like to caution investors that the Oppenheimer
analyst has not spoken to the company in the past four months
despite multiple offers. The Company disagrees with the analyst's
view on our business prospects and his statements regarding the
Company’s position within the 3D sensing supply chain.
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 over 2,100 people from three Taiwan-based offices
in Tainan, Hsinchu and Taipei and country offices in China, Korea,
Japan and the US. Himax has 3,000 patents granted and 404 patents
pending approval worldwide as of June 30th, 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
StatementsFactors 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.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 RepresentativeGreg
Falesnik, Managing DirectorMZ North AmericaTel:
+1-212-301-7130Email: greg.falesnik@mzgroup.us www.mzgroup.us
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