Today’s Research Reports on Stocks to Watch: Himax Technologies and QUALCOMM Incorporated
Qualcomm and Himax Technologies made an exciting joint announcement yesterday, announcing a collaboration to develop and commercialize a high resolution, low power active 3D depth sensing camera system. While Himax shares exploded on the news, Qualcomm shares had a more modest move into the green.
RDI Initiates Coverage on:
Himax Technologies, Inc.
Himax Technologies, Inc. shares closed up 6.20% on Wednesday with nearly 8.4 million shares traded. Traders were excited to learn that the company is collaborating with QUALCOMM and its subsidiary Qualcomm Technologies, Inc. The companies are joining forces to accelerate the development and commercialization of a high resolution, low power active 3D depth sensing camera system to enable computer vision capabilities for use cases such as biometric face authentication, 3D reconstruction, and scene perception for mobile, IoT, surveillance, automotive and AR/VR. Jordan Wu, President and Chief Executive Officer of Himax Technologies said, "Our 3D sensing solution will be a game changing technology for smartphones, where we will enable the Android ecosystem to provide the next generation of mobile user experience. Our two companies have worked together for more than four years to design the SLiM™ 3D sensing solution to meet growing demands for enhanced computer vision capabilities that will enable amazing new features and use cases in a broad range of markets and applications. We are pleased to partner with Qualcomm Technologies to put together an ecosystem and to enable the revolutionary computer vision solutions for our customers globally in a timely fashion."
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QUALCOMM Incorporated shares closed up a modest 0.60% yesterday on lackluster trading volume compared to usual. The modest activity was despite the news that the company and Himax Technologies are working together on an active 3D depth sensing camera that has a range of uses including facial recognition and artificial intelligence. Jim Cathey, senior vice president and president, Asia Pacific and India, Qualcomm Technologies, Inc. remarked, "This partnership with Himax highlights the technology investments we are making with Taiwanese companies to continue leading in visual processing innovation. The combination of cutting edge technology licensing and collaboration with an industry leading Taiwanese partner like Himax will help create groundbreaking new products in Taiwan, strengthening the global 3D depth sensing ecosystem and boosting Taiwan’s economy."
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Our Actionable Research on Himax Technologies, Inc. (NASDAQ: HIMX) and QUALCOMM Incorporated (NASDAQ: QCOM) can be downloaded free of charge at Research Driven Investing.
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