Himax Technologies, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results; Provides First Quarter 2024 Guidance
TAINAN, Taiwan, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, announced its financial results for the fourth quarter and full year 2023 ended December 31, 2023.
- This decline was predominantly driven by the prevailing weak macroeconomic conditions amidst the traditional peak seasonality in the fourth quarter.
- Meanwhile, Himax’s industry leading, cutting-edge automotive LTDI product started mass production for Geely Auto’s NEVs in the third quarter of 2023.
- For tablet, Q4 sales grew high teens sequentially, exceeding guidance, driven by successful new product launches by customers during the quarter.
- Fourth quarter revenues from its non-driver business also exceeded guidance with revenue of $31.0 million but declined 8.2% from a quarter ago.