Himax Reports Q1 Results, Expects CIS Sales to Triple in Q2

Himax CEO Jordan Wu updates on the status of their CIS business in Q1 2013:

"We pointed out in the last earnings call that our CMOS image sensor business would suffer from weak demand during the first quarter of 2013 as many of the customers adopting our new sensor products would still be finishing up product tuning and those using existing products were affected by China market’s correction and low season.

However, we expect our CMOS image sensor product line to rebound strongly in Q2 with sales expected to triple from the previous quarter to become our single largest non-driver segment. Sales are to be boosted by shipments of our 1 mega-pixel sensor for tier-one laptop customers and growing demand for our 2 and 5 mega-pixel sensors from smartphone and tablet makers in China, Taiwan and internationally. With more complete product offerings covering newly-launched 8 mega-pixel and solid shipping track records of our existing products, we expect to break into new and leading smartphone brands in the second half of 2013 and continue to penetrate the tablet, IP Cam, surveillance and automotive markets."