Himax Technologies (HIMX) Responds to Recent Sell-Off; Reiterates Positive Outlook in 2016

Himax Technologies, Inc. (Nasdaq: HIMX) 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.

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