Himax Technologies, Inc. Reiterates Company’s Q3 Guidance and its Business Outlook for the Second Half of 2016
29 September 2016 - 12:00PM
Himax Technologies, Inc. (Nasdaq:HIMX) (“Himax” or “Company”), a
leading supplier and fabless manufacturer of display drivers and
other semiconductor products, today reiterates the Company’s Q3
guidance and its business outlook for the remainder of 2016. In
light of the recent unusual volatility of the share price and the
abnormally high trading volume, the company highlights its
confidence that the overall business prospects remain intact as CEO
iterated from the last earnings call.
Regards to the AR/VR business that many
investors believe to offer the most exciting long term growth
prospect, with little competition, the Company continues to work
with 30+ customers for various AR devices using LCOS microdisplay
and/or WLO with the list of customer still growing. The Company’s
design engagements cover leading companies in a wide variety of
industries as well as niche players with innovative product ideas.
More of the Company’s customers are expected to bring their AR
products to the market next year.
Having invested in related technologies for over
15 years, Himax is uniquely positioned as the provider of choice
for microdisplay and related optics, both critical enablers to the
AR device. The Company remains positive about its future prospects
and technical feasibility of the AR/VR business.
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 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 2,100 people from three
Taiwan-based offices in Tainan, Hsinchu and Taipei and country
offices in China, Korea, Japan and the US. Himax has 2,878 patents
granted and 480 patents pending approval worldwide as of June 30th,
2016. 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, 2015 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
Penny Lin, Investor RelationsHimax
Technologies, Inc.Tel: +886-2-2370-3999 Ext.22320Fax:
+886-2-2314-0877 Email: penny_lin@himax.com.twwww.himax.com.tw
Investor Relations - US RepresentativeJohn
Mattio, FounderLamnia International, LLC.Tel: +1 (203) 885
-1099Direct: +1 (203) 885 -1058 Email: jmattio@lamniaintl.com
www.lamniaintl.com
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