This is starting to get interestingĭue to the rough start to 2017, comparing quarter-over-quarter growth gives a more accurate view of the direction Himax is heading. Growth investors shouldn't be surprised when Himax's fourth quarter demonstrates another period of substantial sequential improvement. Though 2017 may not have started as smoothly as Himax would have liked, those concerns are now a thing of the past. WLO shipments are expected to ramp up even more this quarter and into 2018.Īs for the smartphone snafu earlier in the year, Himax is already experiencing a jump in orders that will continue into next year. The increase in production has begun, and shipments are heading out the door. Wu added that the WLO production would be remedied in the third quarter, and Himax delivered. The WLO supply issue, and the lack of orders from China-based smartphone manufacturers, were going to take their toll. Wafer-level optics (WLO) production, a core offering of Himax, was woefully inadequate to meet demand. To his credit, CEO Jordan Wu was blatantly honest during Himax's second-quarter earnings call regarding a couple of production and supply hiccups that hindered results. Picture of a city skyline with a rising stock chart superimposed over the skyline.
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