Himax Technologies, Inc. Announces Divestiture of Emza Visual Sense Subsidiary
28 Oktober 2022 - 1:00PM
Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a
leading supplier and fabless manufacturer of display drivers and
other semiconductor products, today announced that it has divested
its wholly owned subsidiary Emza Visual Sense Ltd. (“Emza”), a
company dedicated to the development of proprietary vision
machine-learning algorithms. Following the transaction, Himax will
continue to partner with Emza. The divestiture will not affect the
existing business with the leading laptop customer where Himax
continues to be the supplier for the leading-edge ultralow power AI
processor and always-on CMOS image sensor.
WiseEyeTM, Himax’s total solution for ultralow
power AI image sensing, includes Himax proprietary AI processors,
CMOS image sensors, and CNN-based machine-learning AI algorithms,
all featuring unique characteristics of ultralow power consumption.
For the AI algorithms, Himax has historically adopted a business
model where it not only develops its own solutions through an
in-house algorithm team and Emza, a fully owned subsidiary before
the divestiture, but also partners with multiple third-party AI
algorithm specialists as a way to broaden the scope of application
and widen the geographical reach. Moving forward, the AI business
model will be unchanged where the Company will continue to develop
its own algorithms and work with third-party algorithms partners,
including Emza.
The Company continues to collaborate with its
ecosystem partners to jointly make the WiseEye AI solution broadly
accessible to the market, aiming to scale up adoption in numerous
relatively untapped end-point AI markets. Tremendous progress has
been made so far in areas such as laptop, desktop PC, automatic
meter reading, video conference device, shared bike parking,
medical capsule endoscope, automotive, smart office, battery cam
and surveillance, among others. Additionally, Himax is committed to
strengthening its WiseEye product roadmap while retaining its
leadership position in ultralow power AI processor and image
sensor. By targeting even lower power consumption and higher AI
inference performance that leverage integral optimization from
hardware to software, the Company believes it can capture the vast
end-point AI opportunities presented ahead.
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, automotive, 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, AMOLED ICs, LED
driver ICs, power management ICs and LCoS micro-displays for
augmented reality (AR) devices and heads-up displays (HUD) for
automotive. The Company also offers CMOS image sensors, wafer level
optics for AR devices, 3D Sensing and ultralow power AI Image
Sensing, which are used in a wide variety of applications such as
mobile phone, tablet, laptop, TV, PC camera, automobile, security,
medical device, home appliance, AIoT, etc. 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 2,980 patents granted and 417 patents pending approval
worldwide as of September 30, 2022. Himax has retained its position
as the leading display imaging processing semiconductor solution
provider to consumer electronics brands worldwide.
https://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, 2021 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: +886-2-2370-3999
Fax: +886-2-2314-0877 Email: hx_ir@himax.com.twwww.himax.com.tw
Mark Schwalenberg,
DirectorInvestor Relations - US
RepresentativeMZ North AmericaTel: +1-312-261-6430Email:
HIMX@mzgroup.uswww.mzgroup.us
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