Himax Technologies down on dim Q1 outlook

Himax Technologies

12/05/2022 12:00

** Shares of Taiwan-based chipmaker  HIMX.O  down as much as
9.03% at $7.25 premarket 
    ** Co expects Q2 sales to be low point of this year and
sequential decline in gross margin due to cost of goods sold
 urn:newsml:reuters.com:*:nGNX3vh93y 
    ** Says it expects its Q2 sales to decrease 16%-20%
quarter-over-quarter basis 
    ** Looking ahead to Q2, a host of geopolitical,
macroeconomic and pandemic related factors are creating
challenges and impairing Himax's near-term outlook - Co
    ** Stock down ~50% YTD, as of last close 

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com; Twitter: https://twitter.com/rithika_krishna;))