Himax Technologies, Inc.

The grade, in three tenses

Headline 4.8 out of ten, 8 of 9 metrics filed and 1 estimated: past 5.4 out of ten, present 4.8 out of ten, future 4.2 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.

The nine metrics

• Surviving crises (past): 7.6 out of ten. No warning events in its filings since 2017. 76th percentile among 99 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Track record (past): 3.1 out of ten. +2.5% a year over 9 filed years; profitable in 8 of 9. 31st percentile among 93 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Shareholder treatment (past): 6.9 out of ten. Share count steady. 50% of cash flow returned. Insiders: 0 sales, 0 purchases. 69th percentile among 67 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Financial health (present): 4.9 out of ten. ROE 5%: 5¢ of profit per shareholder dollar. Leverage 48%: owes 48¢ per asset dollar. 49th percentile among 95 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Industry position (present): 4.3 out of ten. bottom 43% of 97 in its family; net margin 5.4%. 43rd percentile among 97 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Leadership (present): 5.3 out of ten. CrossAssetData estimate 5.3/10, confidence 20 of 100 (family median). 50th percentile among 78 sector filers. A CrossAssetData estimate, not a filed reading: family median, confidence 20 of 100; its next annual report on file with the inputs replaces this estimate with the filed reading.
• Room to expand (future): 5.2 out of ten. top 48% of 94 in its family for room to expand. 52nd percentile among 94 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Growth drivers (future): 3.3 out of ten. bottom 33% of 93 in its family for growth drivers. 33rd percentile among 93 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
• Expectations vs reality (future): 3.4 out of ten. bottom 34% of 88 in its family for expectations against reality. 34th percentile among 88 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).

The filing record

Newest annual report: Form 20-F filed 2026-03-27 for the period ended 2025-12-31 (on EDGAR). Newest filing: Form 4, 2026-09-30. Filings on record since 2006. Read from EDGAR 2026-10-12.

How the company works

Read from its Form 20-F filed 2026-03-27.

The people

Jordan Wu is president, chief executive and a director. Before the October 2005 reorganization that put a Cayman Islands holding company over the Taiwan operating company, he had chaired Himax Taiwan since April 2003. He came to the business from finance: chief executive of TV Plus Technologies, chief financial officer and executive director of DVN Holdings in Hong Kong, and before that an investment banker at Merrill Lynch, Barclays de Zoete Wedd and Baring Securities. [1, 2, 3]

His brother, Dr. Biing-Seng Wu, chairs the board. He was president and chief executive of Himax Taiwan before the 2005 reorganization, served as vice chairman of CMO before its merger with the predecessor of Innolux, and earlier ran a plant for Prime View International, a panel maker. As of February 2026 the chairman beneficially owned about 22.0% of the shares and the chief executive about 2.2%; the filing itself warns that together they can carry substantial weight in shareholder votes. [4, 5, 6, 7]

Two other executive officers are named. Jessica Pan (Ming-Feng Pan), the chief financial officer, joined in 2006 after working at Advanced Semiconductor Engineering from 2002 to 2006, and served as interim finance chief from October 2010 to January 2012. Hsien-Chang Tsai, vice president for sales and operations, joined in 2002, having worked before that in TSMC's process integration and customer service department, and led the purchase of Spatial Photonics while at Himax Display. Three of the five directors are independent: Dr. Yan-Kuin Su and Dr. Liang-Gee Chen, both electrical engineering professors, Chen a former minister of science and technology, and Yuan-Chuan Horng, who spent 40 years in finance at China Steel. On the record this site holds, all seven people filed their first insider reports with the SEC in March 2026. [8, 9, 10, 11, 12, 13, 14, 15, 16, 17]

At the end of 2025 Himax counted 2,238 employees, against 2,164 two years earlier. Nearly two in three, 1,444 people, work in research and development, a group that includes design, application, assembly and testing, and quality engineers; 307 work in engineering and manufacturing, including the staff of the subsidiaries that make its optics and microdisplays; 339 in sales and marketing, counting field application engineers; and 148 in administration. [18, 19, 20, 21]

How it operates

Himax is a fabless chip designer, meaning it designs chips and hires others to make most of them. Its core products are display drivers, the chips that deliver the precise voltages that light each pixel of a flat screen, and timing controllers, which take in the image data and tell the drivers when to act. They go into TVs, monitors, laptops, phones, tablets, cars, e-paper devices and industrial displays. Display drivers for large, small and medium-sized screens brought in 80.0% of 2025 revenue. The rest comes from what it calls non-driver products: timing controllers, LCoS microdisplays (liquid crystal on silicon, the tiny displays used in augmented-reality glasses), CMOS image sensors, wafer level optics (lenses made with chipmaking methods), 3D sensing and WiseEye, its ultralow-power AI sensing. [22, 23, 24, 25, 26]

It sells to a short list of panel makers, the companies that build flat screens, an industry of a small number of manufacturers substantially all in Asia. One group, which the filing calls Customer A and its affiliates, took 24.0% of 2025 revenue, down from 28.7% in 2023; Customer C took 7.8%. The ten largest customers together took 71.3%. By where customers are headquartered, mainland China accounted for 73.8% of revenue and Taiwan 14.7%. Himax sells mainly through its own sales teams in Taiwan, China and South Korea, and every driver is tuned to each panel design with the customer's engineers. [27, 28, 29, 30, 31, 32, 33]

Its wafers come from the few foundries that run the high-voltage process display drivers need: over the past few years TSMC, UMC, Vanguard, Macronix, Globalfoundries Singapore, PSMC, Nexchip and SKHYSI. Gold bumping, assembly and testing go to specialist houses such as Chipbond, Chipmore, ChipMOS and King Yuan. In 2025 wafer fabrication made up 55.5% of Himax Taiwan's manufacturing costs and assembly and testing 40.2%. It runs its own factories only for LCoS microdisplays, wafer level optics and the active alignment of 3D sensing modules. [34, 35, 36, 37]

As a foreign company Himax files its annual report on Form 20-F, prepared under IFRS, the international accounting standards, and it reports in US dollars, which is also its functional currency: more than 98% of 2025 sales and cost of revenue was in dollars, while about 63% of operating expenses in December 2025 was in New Taiwan dollars. The listed parent is a Cayman Islands holding company; its operating company is in Taiwan, and its principal executive offices are in Tainan. [38, 39, 40, 3]

The specifics

Himax began as Himax Taiwan, incorporated in June 2001. Because Taiwan law barred a company not listed at home from listing its shares abroad, it reorganized in 2005 under the Cayman Islands holding company, whose American depositary shares have been listed on Nasdaq since March 2006. It bought Wisepal, a designer of small-panel drivers, in 2007; set up Himax Imaging for image sensors the same year; bought Spatial Photonics, a MEMS maker, in 2012; and bought Emza, a developer of always-on visual sensors, in 2018, then sold all of it in 2022. [41, 42, 43, 44, 45, 46, 47, 48, 49]

Display drivers need a high-voltage manufacturing process, typically 4.5 to 24 volts for source drivers and 10 to 50 volts for gate drivers, which only a limited number of fabs can run at volume. Himax protects its designs with 2,576 patents as of February 2026, 1,036 of them in Taiwan, 894 in the United States and 514 in China. In cars it claims leadership: about 40% of the automotive display driver market, well over half of automotive TDDI (one chip combining the touch controller and the display driver) and an even higher share of local-dimming timing controllers, with well over 100 million automotive TDDI chips shipped. [50, 51, 52, 53, 54]

It names many rivals. In display drivers: Novatek, Fitipower, FocalTech, Raydium, Sitronix, Ilitek, LX Semicon, ESWIN, Chipone, Newvision, Ribbon Display Japan, Hisilicon and Synaptics among fabless designers, and Rohm among manufacturers with their own fabs. In microdisplays: OmniVision, Syndiant, Kopin and RAONTECH, plus Texas Instruments' DLP, Sony's micro OLED and JBD's micro LED. In always-on AI sensing, Qualcomm's Glance. It also warns that some rivals are affiliated with, or are subsidiaries of, its own panel maker customers. [55, 56, 57, 58]

US export rules reach into its customer base. If a customer is sanctioned or added to the Entity List kept by the US Commerce Department's Bureau of Industry and Security, Himax may have to stop selling to it; if a foundry, tape, assembly or testing supplier is sanctioned or listed, it may have to suspend that supplier's services and find another in time. [59, 60, 61]

What drives growth, line by line

Revenue fell 8.2% in 2025 to 832.2 million dollars, the fourth yearly decline since the 1.5 billion of 2021. The company puts it down to a difficult world economy and geopolitical uncertainty, with panel customers building only to order and keeping inventories lean. [62, 63]

Display drivers for small and medium-sized applications. The largest line: 575.1 million dollars, 69.1% of 2025 revenue, down 8.0%. The filing counts every smartphone, tablet and car display under this heading. Smartphone and tablet sales were hit hardest as sell-through slowed and tariffs added uncertainty; automotive drivers still grew at a single-digit rate, ahead of the car industry, on wider use of its TDDI chips. [64, 65, 66, 67]

Display drivers for large-sized applications. 90.7 million dollars, 10.9% of revenue, down 28.0%, and down from 18.6% of revenue two years earlier. The filing cites weak economies, tariff and geopolitical uncertainty, tight inventory control at its key panel customers, and sharper price competition from Chinese rivals. [68, 69, 70]

Non-driver products. 166.4 million dollars, 20.0% of revenue and the one line that grew, up 7.0%. Timing controllers led, above all for cars, where sales rose about 50% on wide adoption of its local-dimming controllers by panel makers, their suppliers and carmakers; CMOS image sensors also grew. The segment still lost money, though less: an operating loss of 17.6 million dollars against 24.5 million a year earlier. [71, 72, 49, 73]

What comes next, in the company's own words: it anticipates continued annual growth in automotive timing controllers into 2026; expects LTDI, its large touch-and-display chip for wide car screens, to begin making meaningful sales contributions in 2026; began mass production of an OLED smartphone driver in early 2026 with a leading panel maker; and has WiseEye notebook projects slated for production in 2027. [74, 75, 76, 77]

What the desk infers (inferred, not filed)

• Customer A and its affiliates, the group behind nearly a quarter of revenue, is most likely a panel maker that buys mainly through companies headquartered in mainland China, not a Taiwanese buyer. Because: Customer A and its affiliates took 24.0% of 2025 revenue. [29] All customers headquartered in Taiwan together took 14.7%, less than that one group, while those headquartered in mainland China took 73.8%. [31] Four fifths of revenue came from display drivers, sold into a panel industry of a small number of manufacturers substantially all in Asia. [25, 27] The filing expects China panel makers' bargaining power to rise as they add capacity. [78] Confidence 65 of 100. Wrong if: A filing that names Customer A as a group headquartered outside mainland China whose purchases from Himax are booked mainly by companies outside mainland China.
• Display drivers still pay for Himax's diversification: the driver business earned more than the whole company's operating income in 2025, while the non-driver products it presents as its growth area have yet to cover their own costs. Because: The Driver IC segment earned an operating income of 61.7 million dollars in 2025. [79] The Non-Driver Products segment lost 17.6 million dollars, after 24.5 million in 2024. [73] Operating income for the whole company was 44.1 million dollars in 2025. [62] The filing says the non-driver losses come from sales too low to cover research and operating costs, though those products usually carry higher gross margins. [80, 81] Confidence 85 of 100. Wrong if: A year in which the Non-Driver Products segment reports an operating profit, or the Driver IC segment earns less than the whole company.
• Cars have become the steadiest part of Himax's business: in a year when its phone, tablet and large-screen drivers all shrank, its automotive drivers and automotive timing controllers both grew. Because: Smartphone and tablet driver sales were hit hardest in 2025, and large-sized driver revenue fell 28.0%. [65, 69] Automotive driver sales still grew at a single-digit rate, ahead of the car industry, on TDDI adoption. [66] Automotive timing controller sales rose about 50%. [72] The filing claims about 40% of the automotive display driver market and well over half of automotive TDDI. [53] Confidence 75 of 100. Wrong if: A filing showing automotive driver and timing controller sales falling in a year when the smartphone, tablet and large-screen lines grow.

Sources

1. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Jordan Wu is our president, chief executive officer and director. Prior to our reorganization in October 2005, Mr. Wu served as the chairman of the board of directors of Himax Taiwan, a position which he held since April 2003.”
2. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Prior to joining Himax Taiwan, Mr. Wu served as chief executive officer of TV Plus Technologies, Inc. and chief financial officer and executive director of DVN Holdings Ltd. in Hong Kong. Prior to that, he was an investment banker at Merrill Lynch (Asia Pacific) Limited, Barclays de Zoete Wedd (Asia) Limited and Baring Securities, based in Hong Kong and Taipei.”
3. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “we established Himax Technologies Limited, an exempted company with limited liability under the Cayman Islands Companies Law, as a holding company to hold the shares of Himax Taiwan in connection with our reorganization and share exchange.”
4. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Dr. Biing-Seng Wu is the chairman of our board of directors. Prior to our reorganization in October 2005, Dr. Wu served as president, chief executive officer and a director of Himax Taiwan. Dr. Wu also served as the vice chairman of the board of directors of CMO prior to its merger with the predecessor of Innolux and TPO.”
5. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Prior to joining CMO in 1998, Dr. Wu was senior director and plant director of Prime View International Co., Ltd., a TFT-LCD panel manufacturer, from 1993 to 1997”
6. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “As of February 28, 2026, Jordan Wu and Dr. Biing-Seng Wu (who are brothers) beneficially owned approximately 2.2% and 22.0% of our ordinary shares, respectively.”
7. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “These shareholders, acting together, could exert substantial influence over matters requiring approval by our shareholders, including electing directors and approving mergers or other business combination transactions.”
8. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Jessica Pan (Ming-Feng Pan) is our chief financial officer. Jessica joined Himax in 2006 with over 22 years of experience in finance and accounting.”
9. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “having served as interim Chief Financial Officer from October 2010 to January 2012. Prior to joining Himax, Jessica worked as Assistant Finance Manager for Advanced Semiconductor Engineering, Inc. from 2002 to 2006”
10. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Hsien-Chang Tsai is our vice president in charge of Sales and Operations. Mr. Tsai joined Himax in 2002 as Director of Himax Operation Division initially before serving as Vice President of Himax Display, Inc. where he successfully led the acquisition of Spatial Photonics, Inc.”
11. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Prior to Himax, Mr. Tsai served in the process integration and customer service department of TSMC.”
12. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Our board of directors consists of five directors, three of whom are independent directors within the meaning of Rule 5605(a)(2) of the Nasdaq Rules.”
13. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Our audit committee currently consists of Yuan-Chuan Horng, Dr. Yan-Kuin Su and Dr. Liang-Gee Chen.”
14. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Dr. Su is also a Chair professor Emeritus in the Department of Electrical Engineering, National Cheng Kung University.”
15. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “He now serves as Emeritus Professor of Department of Electrical Engineering, National Taiwan University. Dr. Chen holds a B.S. and M.S. and Ph.D. degree in Electrical Engineering from National Cheng Kung University. Dr. Chen has previous served several roles including as Minister of Ministry of Technology and Science”
16. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Mr. Horng retired from the position of the vice president of the Finance Division of China Steel Corporation, a TWSE-listed Corporation, effective November 30, 2016. During his 40 years of services with China Steel Corporation Group”
17. The record on this page: the officers and directors who file Forms 3, 4 and 5 (the SEC's insider data sets)
18. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “As of December 31, 2023, 2024 and 2025, we had 2,164, 2,177 and 2,238 employees, respectively.”
19. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Research and development(1) 1,444 Engineering and manufacturing(2) 307 Sales and marketing(3) 339 General and administrative 148 Total 2,238”
20. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Includes semiconductor design engineers, application engineers, assembly and testing engineers and quality control engineers.”
21. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Includes manufacturing personnel of Himax Taiwan, Himax Display, Himax IGI and CMVT, our subsidiaries focused on design and manufacturing of WLO and LCoS products. (3) Includes field application engineers.”
22. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “We are a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. Our display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others.”
23. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “The display driver receives image data from the timing controller and delivers precise analog voltages or currents to create images on the display.”
24. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “The timing controller receives image data and converts the format for the source drivers’ input. The timing controller also generates controlling signals for gate and source drivers.”
25. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “In 2024 and 2025, 82.9% and 80.0% of our revenues, respectively, were from the sale of display drivers used for large, small and medium-sized applications”
26. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Our non-driver technologies cover Timing controller (TCON), LCoS microdisplay, CMOS image sensor, wafer level optics (“WLO”), 3D sensing and WiseEye ultralow power AI sensing, etc.”
27. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “The global TFT-LCD panel industry consists of a small number of manufacturers, substantially all of which are based in Asia.”
28. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Our end market is concentrated among a limited number of major Panel Manufacturers.”
29. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “In 2023, 2024 and 2025, our two largest customers accounted for 10% or more of our net revenue: customer A and its affiliates accounted for 28.7%, 26.4% and 24.0% of our revenues, respectively; and customer C accounted for 11.0%, 8.3% and 7.8%, respectively.”
30. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Our ten largest customers together accounted for approximately 74.1%, 73.6% and 71.3% of our revenues in 2023, 2024 and 2025, respectively.”
31. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “In 2023, 2024 and 2025, approximately 15.0%, 15.3% and 14.7% of our revenues, respectively, were from customers headquartered in Taiwan and approximately 76.2%, 73.4% and 73.8% of our revenues, respectively, were from customers headquartered in China.”
32. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “We primarily sell our products through our direct sales teams located in Taiwan, China, South Korea.”
33. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “To optimize the panel’s performance, display drivers have to be customized for each panel design.”
34. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “We have obtained our foundry services from TSMC, UMC, Vanguard, Macronix, Globalfoundries Singapore, PSMC, Nexchip and SKHYSI in the past few years. These are among a select number of semiconductor manufacturers that provide high-voltage CMOS process technology required for manufacturing display drivers.”
35. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “We engage assembly and testing houses that specialize in TAB and COG packages such as Chipbond, Chipmore International trading company Ltd., ChipMOS Technologies Inc. and King Yuan Electronics Co., Ltd, etc.”
36. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “In 2025, as a percentage of Himax Taiwan’s total manufacturing costs, the cost of wafer fabrication was 55.5%, the cost of processed tape was 3.5%, the cost of assembly and testing was 40.2%, and overhead was 0.8%.”
37. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “rely largely on third-party semiconductor manufacturing service providers for wafer fabrication, gold bumping, assembly and testing with the exception of manufacturing of LCoS microdisplay, wafer level optics products and active alignment for 3D sensing, which we manufacture through our own factories.”
38. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “The following discussion should be read in conjunction with our audited consolidated financial statements and their accompanying notes included elsewhere herein which are prepared in accordance with IFRS.”
39. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “The U.S. dollar is also the functional currency for the majority of our operations. In 2025, more than 98% of our sales and cost of revenues were denominated in U.S. dollars. However, in December 2025 approximately 63% of our operating expenses were denominated in NT dollars”
40. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Our principal executive offices are located at No. 26, Zilian Road, Xinshi District, Tainan City 744092, Taiwan, Republic of China.”
41. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Himax Taiwan, our predecessor, was incorporated on June 12, 2001 as a limited liability company under the laws of the ROC.”
42. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “We effected this reorganization and share exchange to comply with ROC laws, which prohibit a Taiwan incorporated company not otherwise publicly listed in Taiwan from listing its shares on an overseas stock exchange.”
43. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “On October 14, 2005, Himax Taiwan became our wholly owned subsidiary through a share exchange”
44. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Our ADSs have been listed on the NASDAQ Global Select Market since March 31, 2006.”
45. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “In February 2007, we completed the acquisition of Wisepal, currently known as Himax Semiconductor, Inc., a fabless semiconductor company focusing on the development of LTPS TFT-LCD drivers for small and medium-sized applications.”
46. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “In March 2007, we established Himax Imaging, Inc., which develops and markets CMOS image sensors with an initial focus on camera applications used in cell phones and notebook computers.”
47. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “In July 2012, our subsidiary, Himax Display, completed the acquisition of Spatial Photonics, currently known as Himax Display (USA) Inc., a Delaware corporation engaged in the business of manufacturing and production of MEMS products.”
48. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “In June 2018, we completed the acquisition of Emza Visual Sense Ltd., or Emza, which is dedicated to the development of visual sensors that include proprietary machine-vision algorithms and specific architectures that enable always-on visual sensing capabilities”
49. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “On October 25, 2022, we disposed of 100% of our shareholdings in Emza to a third party.”
50. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Manufacturing display drivers require high-voltage CMOS process technology operating typically at 4.5 to 24 volts for source drivers and 10 to 50 volts for gate drivers, levels of voltage which are not standard in the semiconductor industry.”
51. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “We believe that there are a limited number of fabs with high-voltage CMOS process technology that are capable of high-volume manufacturing of display drivers.”
52. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “As of February 28, 2026, we held a total of 2,576 patents, including 1,036 in Taiwan, 894 in the United States, 514 in China, and 132 in other countries.”
53. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Himax continues to lead the global automotive display driver IC market, holding approximately 40% market share in DDIC, well over half of market share in TDDI, and an even higher share in local dimming TCON.”
54. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “To date, Himax also has cumulatively shipped well over 100 million units of automotive TDDI, underscoring the strong market adoption of our technologies.”
55. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “We continually face intense competition from fabless display driver companies, including Fitipower Integrated Technology, Inc., FocalTech Systems Co., Ltd., Novatek Microelectronics Corp., Raydium Semiconductor Corporation, Sitronix Technology Co., Ltd., Ilitek Corp., LX Semicon., ESWIN, Chipone, Newvision, Ribbon Display Japan, Hisilicon and Synaptics Incorporated. We also face competition from integrated device manufacturers, such as Rohm Co., Ltd.”
56. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “For LCoS microdisplay products, we face competition from OmniVision, Syndiant, Kopin, and RAONTECH. We also compete with alternative microdisplay technology providers such as Texas Instruments with DLP, Sony with micro OLED and JBD with micro LED.”
57. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “For WiseEye ultralow power AI sensing, the main competition is Qualcomm with its “Glance” device.”
58. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Some of our competitors are affiliated with, or are subsidiaries of, our panel manufacturer customers.”
59. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “In addition, if our customers fail to comply with these regulations or our customers are sanctioned, or added to the Entity List of EAR by BIS, we may be required to suspend sales to these customers”
60. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “These licenses are regulated by Export Administration Regulations (EAR) which are administered by the U.S. Department of Commerce’s Bureau of Industry and Security (BIS).”
61. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “If our foundry, tape, assembly and testing suppliers fail to comply with these regulations or our suppliers are sanctioned or added to the Entity List of EAR by BIS, we may suspend their services and have to obtain alternative services in a timely manner.”
62. The record on this page: the filed annual figures (EDGAR's company facts)
63. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Our revenues decreased by 8.2% to $832.2 million in 2025 compared to $906.8 million in 2024. The decrease was primarily attributable to the challenging global economic environment, compounded by geopolitical uncertainties. As a result, panel customers generally maintained a conservative, make-to-order strategy with lean inventory levels.”
64. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Display drivers for small and medium-sized applications 629,174 66.5 625,390 69.0 575,132 69.1”
65. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Revenues from small and medium-sized display drivers decreased by 8.0% to $575.1 million in 2025 from $625.4 million in 2024. Amid slowing end-market sell-through and tariff-related uncertainties, smartphone and tablet sales were particularly impacted.”
66. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Nevertheless, our automotive driver sales in 2025 still delivered single-digit year-over-year growth, outperforming overall global automotive industry growth, primarily supported by continued TDDI adoption among customers worldwide.”
67. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “All sizes of smartphone, automotive and tablet displays are identified as small and medium”
68. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Display drivers for large-sized applications $ 175,666 18.6 $ 125,936 13.9 $ 90,665 10.9”
69. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Revenues from display drivers for large-sized application decreased by 28.0% to $90.7 million in 2025 from $125.9 million in 2024. The decline was primarily attributable to weak macroeconomic conditions, including tariff and geopolitical uncertainties, coupled with continued tight inventory management by our key panel customers.”
70. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “In addition, intensified price competition from Chinese peers exerted further pressure on overall performance.”
71. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Non-driver products(1) 140,588 14.9 155,476 17.1 166,376 20.0”
72. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Revenues from non-driver products increased by 7.0% to $166.4 million in 2025 from $155.5 million in 2024. The growth was primarily driven by our TCON segment, particularly automotive products, along with our CMOS image sensor business. For the full year 2025, our automotive TCON sales still increased approximately 50% year over year, stemming from the widespread adoption of our market-leading local dimming TCON by panel makers, Tier 1 suppliers, and car makers worldwide.”
73. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Operating loss from the Non-Driver Products segment decreased to $17.6 million in 2025 from $24.5 million in 2024.”
74. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Automotive TCON sales in 2025 grew by approximately 50% year-over-year, and we anticipate continued annual growth as we move into 2026.”
75. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Since then, we have received a growing number of customer inquiries, positioning LTDI to begin making meaningful sales contributions starting in 2026 and continue expanding thereafter.”
76. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “In the smartphone segment, our OLED driver solution began mass production in early 2026 with a leading panel maker for a major smartphone brand’s mainstream model.”
77. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Our WiseEye AI solution was adopted by Dell in 2022 and expanded to other leading notebook vendors, with some projects slated for production in 2027.”
78. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “As new China panel makers emerge in the marketplace and continue to expand their capacity, China panel makers’ bargaining power will increase accordingly, negatively impacting our average selling price.”
79. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Operating income from the Driver IC segment was $61.7 million in 2025, down from $92.7 million in 2024.”
80. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “For the past few years, we have experienced operating losses from our non-driver business. This was partly due to low sales volume during these periods that led to insufficient revenue to fully cover expenses such as research and development and operating expenses.”
81. Himax Technologies, Inc., Form 20-F filed 2026-03-27: “Typically, our non-driver products have higher gross margins as well as higher growth potential than our driver products”

Who runs it

Wu, Jordan (President, CEO); Pan, Ming-Feng (Chief Financial Officer); Tsai, Hsien-Chang (VP, Sales and Operations); Chen, Liang-Gee (director); Horng, Yuan-Chuan (director); Su, Yan-Kuin (director); Wu, Biing-Seng (director). 7 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-09-30.

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