upfront cash payment of $40 million and is eligible to receive up to $195 million in additional milestone payments,
UP UP UP
yea thats why himx revenues on panel shipments decreased 25%
Innolux has publicly stated that the planned disposal of shares is part of its divestment strategy as it intends to focus on its core business of TFT-LCD manufacturing. We will continue to work hard to be a value-added supplier to Innolux so as to continue to keep Innolux a significant customer after the sale of shares. Since we are not issuing new shares, Innolux’s sale of shares will not result in dilution of our outstanding shares. We should also point out that Innolux’s sell down will significantly increase our public float, potentially boosting Himax’s share liquidity and broadening our shareholder base.