The semiconductor industry is poised for faster growth in 2021 now that it has recovered from a cyclical downturn. World Semiconductor Trade Statistics predicts that chip sales will accelerate to 8.4% growth next year, reaching $469 billion in revenue. For 2020, it estimated that chip sales would rise 5.1% to $433 billion. That's after semiconductor industry sales fell 12% to $412 billion in 2019. Semiconductor industry sales returned to growth this year despite disruptions from the Covid-19 pandemic.
Q4 Earnings – Feb 4 2021
HIMX recently released their Q4 earnings report and beat expectations – key points are highlighted below:
Credit Suisse analyst Jerry Su raised the price target on Himax Technologies (NASDAQ: HIMX) to $17.00 (from $11.50) while maintaining a Outperform rating.