Managing Director, Zero One, Zero One

Vincent Fernando, CFA

20 years of experience researching capital markets in Asia and the USA.

Managing Director, Zero One

Himax: Sees Rebound in China Automotive Display Demand, Expects Dominant Market Share to Continue

Himax Vs. Novatek Long/Short: Management Meeting; Himax Historically Cheap

Taiwan Tech Weekly: Intel 'AI PC' Chips On Track to Drive 2024E PC Supply Chain

Taiwan Tech: Insights from 1Q23 Earnings Season Into Where We Are in the Cycle

Taiwan Tech Weekly: Micron Results Key for Nanya; Hon Hai New 52-Week High; AI Leaders Basket

Novatek: Volume Production of VR Driving Strongest Segment; AR/VR Finally Going Mass Market in 2023?

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Equity Bottom-Up

Himax Technologies Inc Adr / Equity Bottom-Up

<ul>
<li>We spoke with management of Himax, the global leader in chips powering displays inside automotives including EVs. Its sales have been badly impacted by China's EV price war.</li>
<li>Himax sales have fallen recently largely due to China demand weakness; 70% of the company's sales are in China.</li>
<li>Himax has underperformed peer Novatek as well as the TWSE both YTD and on a 1-year basis. We believe the less-followed stock could represent an opportunity for investors.</li>
</ul>


We spoke with management of Himax, the global leader in chips powering displays inside automotives including EVs. Its sales have been badly impacted by China's EV price war.
Himax sales have fallen recently largely due to China demand weakness; 70% of the company's sales are in China.
Himax has underperformed peer Novatek as well as the TWSE both YTD and on a 1-year basis. We believe the less-followed stock could represent an opportunity for investors.


Himax Technologies: Contrarian Play on a Automotive Display Semiconductor Leader