Himax Technologies, Inc. released its 2024 Annual Report, highlighting the strength and resilience of its strategic focus and operational agility. The report noted that despite a challenging macro environment, quarterly revenues consistently exceeded guidance.
The automotive display IC business, Himax's largest revenue contributor, grew nearly 20% year-over-year in 2024, significantly outpacing the overall automotive market and accounting for half of total revenues. Himax maintained leadership in LCD and OLED markets with strong market shares in DDIC, TDDI, and local dimming Tcon.
The report also emphasized progress in ultralow power WiseEye AI sensing solutions, with notable breakthroughs in smart door lock, palm vein authentication, and smart home applications. Himax's WLO technology for Co-Packaged Optics (CPO) and LCoS microdisplays for AR glasses were also highlighted as significant future growth engines.
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