Himax Technologies: Rises on upbeat Q4 outlook

Himax Technologies

12/11/2020 13:49

** Shares of Taiwan-based chipmaker  HIMX.O  rise 7% to
$4.39 premarket - highest in more than 3 months
    ** Co expects Q4 rev to increase by ~10% sequentially
 urn:newsml:reuters.com:*:nGNX4TklT8
    ** HIMX says "gross margin shall see a major uptick" in Q4
    ** Co designs tablet with Touch and Display Driver
Integration (TDDI) technology; says tablet has been one of top
sales contributors throughout 2020
    ** HIMX expects sequential increase of around 80% for tablet
TDDI in Q4 
    ** Co posts Q3 rev of $239.9 mln, above Refinitiv est of
$175.3 mln 
    ** YTD, stock up 54%, as of last close 

 (Reporting by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))