Himax and Nexchip Forge Strategic Alliance Cultivating Global Automotive Display Market
Portfolio Pulse from Benzinga Newsdesk
Himax Technologies, Inc. (NASDAQ:HIMX) has entered a Memorandum of Understanding (MOU) for Strategic Cooperation with Nexchip Semiconductor Corporation, a China-based semiconductor foundry, to supply ICs for the automotive display market. This move is in response to the growing demand for automotive displays across the industry.
October 27, 2023 | 8:11 am
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Himax Technologies has formed a strategic alliance with Nexchip Semiconductor to cater to the increasing demand in the automotive display market.
The partnership with Nexchip Semiconductor is expected to enhance Himax's product offerings and potentially increase its market share in the automotive display market. This could lead to increased revenues and profitability, which may positively impact the company's stock price in the short term.
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