Reported 7 months ago
At the shareholder meeting on June 13, 2024, Dr. Jordan Wu, Chairman of Himax Technologies, announced the successful election of directors and the distribution of a cash dividend of 14 NT dollars. Dr. Wu expressed optimism for the second half of the year, expecting better performance than the first half and surpassing last year's profits. With the increasing demand for power management integrated circuits (PMICs) in the AI era, Himax anticipates a 5-10% growth this year, surpassing the global average. The company continues to expand its product lines to meet market demands, and has a history of high dividend payouts, with this meeting approving an 80.8% payout rate. Himax's May consolidated revenue slightly decreased compared to last year, but showed growth for the first five months. Looking ahead, the company maintains a quarterly revenue growth forecast and is optimistic about applications in the TV sector. Dr. Wu highlighted the company's focus on new product development, like fan motor drive ICs, to tap into large markets and maintain a competitive edge. Despite slow progress in DDR5 PMIC penetration due to competition from other memory technologies, the overall power management market remains promising with AI advancements driving demand. The stabilized supply-demand balance in the market, along with competitors' expanding factories, signifies a healthy industry environment for Himax Technologies.
Source: YAHOO