Actually there was some news today which might benefit HIMX
Apple is in talks with Japan's Renesas Electronics to take over a unit that designs chips for smartphone displays, whose engineering may help it improve image sharpness and battery life. Apple has its eye on Renesas SP Drivers, Apple is said to be seeking Renesas' entire 55% stake for an estimated 50 billion yen ($479 million). The Tokyo company appears to have logged a profit of 6 billion yen on sales of some 60 billion yen in the fiscal year ended Monday. Renesas SP is the world's leading producer of drivers and controllers for small and midsize LCDs, with a market share of around one-third.
Call me dense but why is this good news for HIMX? Doesn't that eliminate Apple as any sort of future customer? Why would it make HIMX any more desirable as a buyout candidate? Honest questions and would like to hear comments. Thanks.
Good questions. Simple answer. With Apple owning the majority stake, their competitors will be incentivised to look elsewhere for their needs. With controlling interest, Apple's needs would come first.
Similar to Apple currently sourcing their graphics processing from Samsung. Samsung touts their display sharpness over apple. Makes sense for Apple to be looking elsewhere.... That is why I own PXLW.