TAINAN, Taiwan, May 17, 2016 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq:HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today responded to its post-earnings share price movement.
The Company is aware of the recent major share price decline following its earnings call on May 12th and would like to reiterate its confidence in the positive outlook for revenues and earnings growth in 2016. Himax is seeing strength in all of its three product categories, namely large-sized panel driver IC, small and medium-sized panel driver IC and non-driver products, from market share gains and new product launches. The Company is especially excited about the business prospects in the Augmented Reality (AR) and Virtual Reality (VR) segments where it has a solid and unrivaled top notch customer portfolio. The company remains committed to its strategy to diversify its customer base and product portfolio to generate the highest value for its shareholders.
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 1,900 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan and the US. Himax has 2,819 patents granted and 511 patents pending approval worldwide as of March 31, 2016. Himax has retained its position as the leading display imaging processing semiconductor solution provider to consumer electronics brands worldwide.
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, CFO Himax Technologies, Inc. Tel: +886-2-2370-3999 Ext.22300 Or US Tel: +1-949-585-9838 Ext.252 Fax: +886-2-2314-0877 Email: firstname.lastname@example.org www.himax.com.tw Nadiya Chen, Investor Relations Himax Technologies, Inc. Tel: +886-2-2370-3999 Ext. 22513 Fax: +886-2-2314-0877 Email: email@example.com www.himax.com.tw Penny Lin, Investor Relations Himax Technologies, Inc. Tel: +886-2-2370-3999 Ext.22320 Fax: +886-2-2314-0877 Email: firstname.lastname@example.org www.himax.com.tw Investor Relations - US Representative John Mattio, Founder Lamnia International, LLC. Tel: +1 (203) 885 -1099 Direct: +1 (203) 885 -1058 Email: email@example.com www.lamniaintl.com
Source:Himax Technologies, Inc.