Financial Performance - Q4 2022 revenues were $262.3M, a 22.8% QoQ increase, exceeding guidance of 4.0% to 8.0% growth[1] - Q4 2022 IFRS after-tax profit was $42.2M, or 24.1 cents per diluted ADS, compared to $8.3M last quarter[1] - Full year 2022 revenues were $1.2B with an IFRS gross margin of 40.5% and IFRS profit of $1.36 per diluted ADS[1] - Q1 2023 revenues expected to decrease 12.0% to 17.0% QoQ with IFRS gross margin of 28.0% to 30.0%[1] - 2022 IFRS operating income was $257.6M, or 21.4% of sales, down from $545.0M in 2021[15] - Q1 2023 revenue is expected to decrease by 12.0% to 17.0% sequentially, with gross margin projected to be around 28.0% to 30.0%[37] - Revenues from third parties, net for the twelve months ended December 31, 2022, were $1,201,124 thousand, a decrease from $1,546,972 thousand in 2021[55] - Operating income for the twelve months ended December 31, 2022, was $257,587 thousand, compared to $545,021 thousand in 2021[56] - Profit attributable to Himax Technologies, Inc. stockholders for the twelve months ended December 31, 2022, was $236,982 thousand, down from $436,896 thousand in 2021[56] - Basic earnings per ADS attributable to Himax Technologies, Inc. stockholders for the twelve months ended December 31, 2022, were $1.356, compared to $2.502 in 2021[56] - Total costs and expenses for the twelve months ended December 31, 2022, were $943,752 thousand, a decrease from $1,002,076 thousand in 2021[56] - Profit for the period in Q4 2022 was $41,998 thousand, a significant decrease from $141,472 thousand in Q4 2021[69] - Profit attributable to Himax Technologies, Inc. stockholders in Q4 2022 was $42,156 thousand, down from $142,393 thousand in Q4 2021[75] - Revenues for the twelve months ended December 31, 2022, were $1,201,339 thousand, compared to $1,547,097 thousand in 2021[79] - Gross profit excluding share-based compensation and cash award was $488,092 thousand for the twelve months ended December 31, 2022, down from $749,771 thousand in 2021[79] - Operating income excluding share-based compensation, acquisition-related charges, and cash award was $306,799 thousand for the twelve months ended December 31, 2022, compared to $578,288 thousand in 2021[79] Automotive Business - Automotive sales in 2022 grew over 50%, with auto TDDI sales surging more than 300%[1] - Automotive driver business represented over 30% of total sales in Q4 2022, with TDDI sales up 170% YoY[6] - Automotive TDDI sales are poised to grow by single digit in Q1, supported by a strong new design-in pipeline[23] - Himax's LTDI (Large Touch and Display Driver Integration) solution is scheduled to start mass production in Q2 2023, targeting large automotive displays[26] - Q1 automotive Tcon sales are expected to increase more than 150% year-over-year, representing over 2% of total sales[28] Display Driver Business - Q4 2022 small and medium-sized display driver revenue was $177.4M, a 25.5% QoQ increase[5] - Q1 large display driver IC revenue is projected to grow high single digit sequentially, with monitor IC sales expected to increase by a decent double digit[22] - Smartphone AMOLED driver production is expected to commence in H2 2023, with significant capacity already secured[27] Non-Driver Business - Q4 2022 non-driver business revenue was $41.4M, a 33.8% QoQ increase, with Tcon business up double digits[7] - Non-driver IC business revenue is expected to decrease mid-teens sequentially in Q1 2023[37] Inventory Management - Inventory position improved since Q3 2022 peak and expected to decrease to historical average by Q3 2023[2] - Inventory levels have improved since Q3 2022 and are anticipated to decrease to near historical averages by Q3 2023[19] - Inventories write downs increased to $9,104 thousand in Q4 2022 from $4,103 thousand in Q4 2021[69] Non-IFRS Metrics - Non-IFRS gross margin for Q4 2022 was 30.5%, compared to 51.8% in Q4 2021 and 36.3% in Q3 2022[47] - Non-IFRS operating margin for Q4 2022 was 13.1%, compared to 41.1% in Q4 2021 and 14.5% in Q3 2022[47] - Non-IFRS net margin attributable to stockholders for Q4 2022 was 18.2%, compared to 32.8% in Q4 2021 and 13.9% in Q3 2022[48] - Full-year 2022 non-IFRS gross margin was 40.6%, down from 48.5% in 2021[50] - Full-year 2022 non-IFRS operating margin was 25.5%, down from 37.4% in 2021[50] - Full-year 2022 non-IFRS net margin attributable to stockholders was 23.0%, down from 30.0% in 2021[52] - Q4 2022 diluted non-IFRS earnings per ADS were $0.273, compared to $1.580 for the full year 2022[53] - Gross margin excluding share-based compensation and cash award in Q4 2022 was 30.5%, down from 51.8% in Q4 2021[76] - Operating margin excluding share-based compensation, acquisition-related charges and cash award in Q4 2022 was 13.1%, compared to 41.1% in Q4 2021[76] - Gross margin excluding share-based compensation and cash award was 40.6% for the twelve months ended December 31, 2022, compared to 48.5% in 2021[79] - Operating margin excluding share-based compensation, acquisition-related charges, and cash award was 25.5% for the twelve months ended December 31, 2022, down from 37.4% in 2021[79] - Net margin attributable to Himax Technologies, Inc. stockholders excluding share-based compensation, acquisition-related charges, and cash award was 23.0% for the twelve months ended December 31, 2022, compared to 30.0% in 2021[78] - Profit attributable to Himax Technologies, Inc. stockholders excluding share-based compensation, acquisition-related charges, and cash award was $276,147 thousand for the twelve months ended December 31, 2022, down from $463,565 thousand in 2021[79] - Diluted non-IFRS earnings per ADS attributable to Himax Technologies, Inc. stockholders excluding share-based compensation, acquisition-related charges, and cash award was $1.580 for the twelve months ended December 31, 2022[81] Research and Development - Research and development expenses for the twelve months ended December 31, 2022, were $175,557 thousand, up from $151,386 thousand in 2021[56] - Himax's 3D sensing technology is being deployed for real-time digital twins and avatars, with market entry expected next year[36] - WiseEye WE2 AI processor offers 40% peak power saving and 30-fold inference speed compared to the first-generation WE1 processor[33] Cash Flow and Assets - Cash and cash equivalents as of December 31, 2022, were $221,581 thousand, down from $336,024 thousand in 2021[67] - Total assets as of December 31, 2022, were $1,701,758 thousand, compared to $1,603,194 thousand in 2021[67] - Total liabilities as of December 31, 2022, were $807,937 thousand, up from $731,212 thousand in 2021[68] - Cash generated from operating activities in Q4 2022 was $4,312 thousand, a sharp decline from $182,237 thousand in Q4 2021[70] - Net cash provided by operating activities in Q4 2022 was $5,466 thousand, compared to $182,248 thousand in Q4 2021[70] - Acquisitions of property, plant and equipment in Q4 2022 were $2,312 thousand, slightly higher than $2,020 thousand in Q4 2021[70] - Proceeds from disposal of subsidiary in Q4 2022 were $14,769 thousand, with no comparable figure in Q4 2021[70] Share-Based Compensation - Share-based compensation for the twelve months ended December 31, 2022, totaled $16,430 thousand, compared to $18,978 thousand in 2021[62] - Share-based compensation, net of tax, was $16,430 thousand for the twelve months ended December 31, 2022, down from $18,978 thousand in 2021[79] - Cash award, net of tax, was $22,053 thousand for the twelve months ended December 31, 2022, compared to $6,844 thousand in 2021[79] Depreciation and Amortization - Depreciation and amortization expenses in Q4 2022 were $5,196 thousand, slightly lower than $5,329 thousand in Q4 2021[69] Company Overview - Himax has 2,932 patents granted and 398 patents pending as of December 31, 2022[42] - The company employs approximately 2,200 people across its global offices[42] - Himax is a market leader in display driver ICs and timing controllers for various consumer electronics[42]

Financial Data and Key Metrics Changes - Third quarter net revenues were $213.6 million, a decrease of 31.7% sequentially but exceeded guidance of a decrease of around 35% to 39% [8] - Gross margin was 36.3%, down from 43.6% in the previous quarter, but within the guidance range of 35.5% to 37.5% [8][13] - Non-IFRS profit per diluted ADS was 17.0 cents, beating guidance of 11.6 cents to 15.6 cents, while IFRS profit per diluted ADS was 4.8 cents, exceeding guidance of 0.2 cents to 4.2 cents [8] Business Line Data and Key Metrics Changes - Revenue from large display drivers was $41.3 million, a decrease of 39.8% sequentially, accounting for 19.3% of total revenues [9] - Small and medium-sized display driver segment revenue was $141.4 million, a decline of 29.9% sequentially, contributing 66.2% of total sales [10][11] - Non-driver revenue was $30.9 million, down 26.9% from the previous quarter, with Tcon business representing more than 7% of total sales [12] Market Data and Key Metrics Changes - Automotive business represented over 35% of total sales, despite a double-digit decline sequentially due to inventory control measures [11] - AMOLED sales, including DDIC and Tcon, were up more than 45% sequentially, accounting for more than 8% of total sales [10] - E-paper business expected to increase double digits quarter-over-quarter, driven by large size display shipments [26] Company Strategy and Development Direction - The company is cautiously managing wafer starts to balance inventory levels and foundry contract fulfillment amid macroeconomic challenges [18] - Focus on high visibility segments such as automotive, AMOLED, Tcon, and WiseEye AI image sensing for future growth [19][20] - Plans to maintain a flat operating expense while reallocating resources to high visibility product lines [44] Management's Comments on Operating Environment and Future Outlook - The near-term economic outlook is bleak due to elevated inflation, rising interest rates, and geopolitical conflicts affecting visibility in consumer-centric products [18] - Despite challenges, the automotive segment shows better visibility and is expected to drive growth, with a projected 50% growth in the automotive business for 2022 [19][23] - The company anticipates gross margin pressure due to high inventory offloading but expects to emerge stronger post-destocking cycle [41] Other Important Information - The company had $227.9 million in cash and equivalents as of September 30, 2022, down from $461.6 million a quarter ago due to dividend payouts [15] - Inventory levels increased to $410.1 million, reflecting a drop in demand and customer inventory control measures [16] - The company announced the divestiture of its subsidiary Emza Visual Sense, which will not affect existing business with Dell [33] Q&A Session Summary Question: Comments on gross margin outlook - Management indicated that gross margins are under pressure due to high inventory levels and price reductions from foundries, making it difficult to predict the lowest point for gross margins next year [38][39] Question: Expectations on managing operating expenses in 2023 - Management plans to keep non-IFRS operating expenses flat while reallocating resources to high visibility product lines, despite inflationary pressures [43][44] Question: Future foundry adoption plans - The company intends to continue using Taiwanese foundries as the primary source while expanding collaborations with Chinese foundries amid geopolitical tensions [48][49] Question: Impact of new Chinese competitors - Management acknowledged intensified competition from Chinese firms but emphasized their strong position in automotive and other segments, focusing on technology upgrades and strategic partnerships [53][54]

[Q3 2022 Financial and Operational Highlights](index=1&type=section&id=Q3%202022%20Financial%20and%20Operational%20Highlights) This section summarizes Himax's financial results and business segment performance for Q3 2022, along with balance sheet and cash flow details [Q3 2022 Financial Performance Summary](index=1&type=section&id=Q3%202022%20Financial%20Performance%20Summary) Himax reported Q3 2022 revenues of $213.6 million, a 31.7% sequential decrease, which nevertheless exceeded guidance. The non-IFRS profit per diluted ADS was 17.0 cents, also beating the guided range. Gross margin landed at 36.3%, impacted by charges from foundry capacity agreements and price erosion due to industry-wide inventory de-stocking Q3 2022 Financial Performance Summary (Thousands USD) | Financial Metric | Q3 2022 | Q2 2022 | Change (QoQ) | | :--- | :--- | :--- | :--- | | Revenues | $213,600 | $420,900 | -49.2% (Reported as -31.7% in text) | | Gross Margin (Non-IFRS, %) | 36.3% | 43.6% | -7.3 ppt | | Operating Income (Non-IFRS) | $30,900 | $123,400 (Implied) | -75.0% | | After-Tax Profit (Non-IFRS) | $29,800 | $76,800 | -61.2% | | EPS (Non-IFRS, Diluted ADS, USD) | $0.170 | $0.439 | -61.3% | - Both revenues (**$213.6 million** vs. guidance of a 35-39% decrease) and non-IFRS EPS (**17.0 cents** vs. guidance of 11.6-15.6 cents) exceeded the company's guidance[1](index=1&type=chunk)[4](index=4&type=chunk) - Gross margin contraction was predominantly caused by incurred charges from agreements with foundries and backend suppliers to secure capacity, as well as price erosion from inventory de-stocking[9](index=9&type=chunk) [Q3 2022 Business Segment Performance](index=2&type=section&id=Q3%202022%20Business%20Segment%20Performance) All major business segments experienced sequential declines due to widespread inventory control measures by customers. Large display driver revenue fell 39.8% QoQ. Small and medium-sized display revenue, the largest segment, decreased 29.9% QoQ, though within this segment, AMOLED sales grew over 45% sequentially. The automotive business was the largest single revenue contributor, representing over 35% of total sales Q3 2022 Business Segment Performance (Thousands USD) | Business Segment | Q3 2022 Revenue | % of Total Sales | Sequential Change | | :--- | :--- | :--- | :--- | | Large Display Drivers | $41,300 | 19.3% | -39.8% | | Small & Medium Display Drivers | $141,400 | 66.2% | -29.9% | | Non-Driver Businesses | $30,900 | 14.5% | -26.9% | - The automotive business was the largest revenue contributor, accounting for over **35%** of total sales in Q3, despite a double-digit sequential decline due to customer de-stocking[7](index=7&type=chunk) - Within the small and medium-sized driver segment, AMOLED sales (including DDIC and Tcon) were a bright spot, growing more than **45%** sequentially and accounting for over **8%** of total sales[6](index=6&type=chunk) [Balance Sheet and Cash Flow](index=3&type=section&id=Balance%20Sheet%20and%20Cash%20Flow) As of September 30, 2022, Himax held $227.9 million in cash and equivalents, a significant decrease from the previous quarter primarily due to a $217.9 million annual dividend payout. Inventories rose to $410.1 million, reflecting an abrupt drop in demand. The company believes inventory levels peaked at the end of Q3 Balance Sheet Items (Thousands USD) | Balance Sheet Item | Sep 30, 2022 | Jun 30, 2022 | Sep 30, 2021 | | :--- | :--- | :--- | :--- | | Cash & Equivalents | $227,900 | $461,600 | $250,800 | | Inventories | $410,100 | $337,300 | $160,900 | | Accounts Receivable | $253,300 | $371,000 | $400,900 | | DSO (Days Sales Outstanding) | 74 days | 93 days | 100 days | - The company stated its belief that inventory levels reached their peak at the end of the third quarter, based on the current business pipeline and production plan[1](index=1&type=chunk)[2](index=2&type=chunk)[15](index=15&type=chunk) - The substantial decline in the cash balance during Q3 was primarily due to the annual cash dividend payout of **$217.9 million** in July[12](index=12&type=chunk) [Q4 2022 Business Outlook and Guidance](index=3&type=section&id=Q4%202022%20Business%20Outlook%20and%20Guidance) This section outlines Himax's Q4 2022 financial projections, including revenue, gross margin, and EPS guidance, and key business segment outlooks [Overall Q4 2022 Guidance](index=1&type=section&id=Overall%20Q4%202022%20Guidance) For the fourth quarter of 2022, Himax projects a sequential revenue increase of 4.0% to 8.0%. The non-IFRS gross margin is expected to be in the range of 31.5% to 33.5%, while non-IFRS profit is guided to be between 21.0 and 24.0 cents per diluted ADS Q4 2022 Guidance | Q4 2022 Guidance Metric | Value | | :--- | :--- | | Net Revenue | Increase 4.0% to 8.0% QoQ | | Non-IFRS Gross Margin | 31.5% to 33.5% | | Non-IFRS Profit per Diluted ADS | 21.0 cents to 24.0 cents | | IFRS Profit per Diluted ADS | 17.8 cents to 20.8 cents | [Outlook by Business Segment](index=3&type=section&id=Outlook%20by%20Business%20Segment) The company is optimistic about its 'high visibility group' (automotive, AMOLED, Tcon, WiseEye AI), expecting them to collectively account for over 50% of Q4 sales. Automotive TDDI sales are poised for a rebound. Key developments include the planned shipment of smartphone AMOLED drivers around mid-2023 and the debut of the next-generation WE2 AI processor at CES 2023, which promises significant performance and efficiency gains - The high visibility group, comprising automotive, AMOLED, Tcon, and WiseEye AI sensing, is expected to account for more than **50%** of total sales in Q4, with their contribution weighting anticipated to increase in the coming years[1](index=1&type=chunk)[16](index=16&type=chunk) - The company expects its full-year 2022 automotive business growth to be around **50%** and anticipates the growth momentum, particularly for TDDI, to continue into 2023[1](index=1&type=chunk)[3](index=3&type=chunk)[16](index=16&type=chunk) - Himax will debut its next-generation WE2 AI processor at CES 2023. The WE2 offers **40%** peak power savings and a **30-fold** increase in inference speed compared to the first-generation WE1[31](index=31&type=chunk) - Shipments of smartphone AMOLED drivers are expected to commence around the middle of 2023, creating a new sales stream for the company[1](index=1&type=chunk)[24](index=24&type=chunk) [Display Driver IC Businesses](index=4&type=section&id=Display%20Driver%20IC%20Businesses) This section details the Q4 2022 outlook for Himax's display driver IC segments, including large, small/medium, automotive, and AMOLED drivers - **Large Display (LDDIC):** Q4 revenue is projected to be flat sequentially after three quarters of decline. TV driver sales are expected to increase single-digit, while notebook and monitor sales will see further declines[18](index=18&type=chunk) - **Small/Medium Display (SMDDIC):** Q4 revenue is expected to increase by a single digit sequentially. Automotive driver IC sales are anticipated to be flat, with TDDI growing double-digits while traditional DDIC decreases. Tablet driver IC revenue is projected to increase double-digits[19](index=19&type=chunk) - **Automotive:** The company has secured over **200** automotive TDDI project awards, with only a small portion currently in mass production, indicating a large future growth opportunity[20](index=20&type=chunk) - **AMOLED:** Q4 AMOLED sales are set to increase by double-digits sequentially, representing over **9%** of total sales. The company is the sole source supplier of AMOLED driver and Tcon for a global leading brand's tablet[24](index=24&type=chunk) [Non-Driver Product Categories](index=5&type=section&id=Non-Driver%20Product%20Categories) This section covers the Q4 2022 outlook for Himax's non-driver product categories, including TCON, WiseEye AI image sensing, and optical/metaverse technologies - **TCON:** Q4 Tcon sales are anticipated to increase by high teens sequentially, driven by automotive products. Automotive Tcon sales are expected to grow more than **80%** year-over-year[25](index=25&type=chunk) - **WiseEye AI Image Sensing:** The company continues to support Dell's new laptop models and is expanding into new applications like Automatic Meter Reading. The next-gen WE2 AI processor has attracted strong interest from leading laptop and CPU players[26](index=26&type=chunk)[28](index=28&type=chunk)[31](index=31&type=chunk) - **Optical/Metaverse:** Small volume shipments of front-lit LCoS microdisplays for AR glasses and head-mounted devices commenced in Q3. A collaboration with a leading VR player for 3D gesture control is expected to enter volume production in 2023[33](index=33&type=chunk)[34](index=34&type=chunk) [Consolidated Financial Statements (Unaudited)](index=8&type=section&id=Consolidated%20Financial%20Statements%20%28Unaudited%29) This section provides the detailed, unaudited financial tables for the third quarter and nine months ended September 30, 2022. It includes the statements of profit or loss, financial position, and cash flows, along with supplemental information and reconciliations of IFRS to non-IFRS financial measures [Condensed Consolidated Statements of Profit or Loss](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Profit%20or%20Loss) For the three months ended September 30, 2022, Himax reported total revenues of $213.6 million and an operating income of $3.9 million. The profit attributable to stockholders was $8.3 million, resulting in a diluted earnings per ADS of $0.048 Condensed Consolidated Statements of Profit or Loss | (In Thousands of U.S. Dollars) | 3 Months Ended Sep 30, 2022 | 3 Months Ended Jun 30, 2022 | 3 Months Ended Sep 30, 2021 | | :--- | :--- | :--- | :--- | | Revenues | $213,631 | $312,606 | $420,938 | | Gross Profit | $76,803 | $136,361 | $216,725 | | Operating income | $3,945 | $83,762 | $148,244 | | Profit attributable to stockholders | $8,319 | $70,635 | $118,716 | [Condensed Consolidated Statements of Financial Position](index=12&type=section&id=Condensed%20Consolidated%20Statements%20of%20Financial%20Position) As of September 30, 2022, the company had total assets of $1.73 billion. Key asset components included $219.7 million in cash and cash equivalents, $253.3 million in accounts receivable, and $410.1 million in inventories. Total liabilities stood at $882.4 million Condensed Consolidated Statements of Financial Position | (In Thousands of U.S. Dollars) | As of Sep 30, 2022 | As of Jun 30, 2022 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $219,745 | $452,902 | | Accounts receivable, net | $253,284 | $371,033 | | Inventories | $410,071 | $337,312 | | **Total Assets** | **$1,730,934** | **$1,790,830** | | **Liabilities & Equity** | | | | Total current liabilities | $736,597 | $796,741 | | **Total liabilities** | **$882,379** | **$949,698** | | **Total equity** | **$848,555** | **$841,132** | [Condensed Consolidated Statements of Cash Flows](index=13&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the third quarter of 2022, net cash used in operating activities was $3.7 million. Net cash used in investing activities was $6.6 million. Net cash used in financing activities was significant at $220.9 million, driven primarily by the payment of $217.9 million in cash dividends. This resulted in a net decrease in cash and cash equivalents of $233.2 million for the quarter Condensed Consolidated Statements of Cash Flows | (In Thousands of U.S. Dollars) | 3 Months Ended Sep 30, 2022 | | :--- | :--- | | Net cash provided by (used in) operating activities | ($3,674) | | Net cash provided by (used in) investing activities | ($6,584) | | Net cash provided by (used in) financing activities | ($220,856) | | **Net decrease in cash and cash equivalents** | **($233,157)** | [Reconciliation of IFRS to Non-IFRS Measures](index=16&type=section&id=Reconciliation%20of%20IFRS%20to%20Non-IFRS%20Measures) This section reconciles IFRS financial results to non-IFRS figures by excluding share-based compensation, acquisition-related charges, and cash awards. For Q3 2022, the IFRS profit of $8.3 million was adjusted to a non-IFRS profit of $29.8 million. Similarly, the diluted IFRS EPS of $0.048 was adjusted to a non-IFRS EPS of $0.170 Reconciliation to Non-IFRS Profit (Q3 2022) | (In Thousands of U.S. Dollars) | | :--- | :--- | | IFRS Profit attributable to stockholders | $8,319 | | Add: Share-based compensation, net of tax | $14,421 | | Add: Acquisition-related charges, net of tax | $193 | | Add: Cash award, net of tax | $6,841 | | **Non-IFRS Profit attributable to stockholders** | **$29,774** | Reconciliation to Non-IFRS Diluted EPS (Q3 2022) | (In U.S. Dollars) | | :--- | :--- | | Diluted IFRS earnings per ADS | $0.048 | | Add: Share-based compensation per ADS | $0.083 | | Add: Acquisition-related charges per ADS | $0.001 | | Add: Cash award per ADS | $0.039 | | **Diluted non-IFRS earnings per ADS** | **$0.170** |

Himax Technologies, Inc. (NASDAQ:HIMX) Q2 2022 Earnings Conference Call August 11, 2022 8:00 AM ET Company Participants Mark Schwalenberg - Investor Relations, MZ Jordan Wu - President and Chief Executive Officer Jessica Pan - Chief Financial Officer Eric Li - Chief IR and PR Officer Conference Call Participants Jerry Su - Credit Suisse Operator Hello, ladies and gentlemen, welcome to Himax Technologies, Inc. Second Quarter 2022 Earnings Conference Call. As a reminder, this conference call is being recorded ...

Himax Technologies, Inc. (NASDAQ:HIMX) Q1 2022 Earnings Conference Call May 12, 2022 8:00 AM ET Company Participants Mark Schwalenberg - Investor Relations Jordan Wu - President and Chief Executive Officer Jessica Pan - Chief Financial Officer Eric Li - Chief IR/PR Officer Conference Call Participants Donnie Teng - Nomura Jerry Su - Credit Suisse (Transcript provided to Seeking Alpha by the company.) Operator Hello, ladies and gentlemen. Welcome to the Himax Technologies, Inc. First Quarter 2022 Earnings Co ...