FORM 6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule
13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of January,
2007
Commission File Number: 000-51847
Himax Technologies, Inc.
(Translation of registrants name into English)
No.26, Zih Lian Road, Fonghua Village,
Sinshih Township, Tainan County 744,
Taiwan, Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F X Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes No X Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes No X Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes No X If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A
Himax Technologies, Inc. | ||||
INDEX TO EXHIBITS | ||||
Exhibit | ||||
99.1 | Press release entitled, Himax Closes Acquisition of Wisepal Technologies and Completes Share Buyback dated February 1, 2007. |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
HIMAX TECHNOLOGIES, INC. | ||
By: | /s/ Max Chan | |
Name: | Max Chan | |
Title: | Chief Financial Officer |
Date: February 1, 2007
3
Exhibit 99.1
Himax Closes Acquisition of Wisepal Technologies
and Completes Share Buyback
Tainan, Taiwan, February 1, 2007 - Himax Technologies, Inc. (Himax or Company) (Nasdaq: HIMX) today announced that the Company has closed its acquisition of Wisepal Technologies, Inc. (Wisepal) on February 1st. Himax had announced on August 30, 2006 that its board of directors had approved a letter of intent to acquire Wisepal. The exchange ratio was revised, primarily due to Himaxs corporate share buyback program, to 1 Company ordinary share for 5.26 Wisepal shares (the original exchange ratio was 1 Company ordinary share for 5 Wisepal shares). The transaction is designed to bolster Himaxs position in the small- and medium-sized display driver market.
Himax also announced the completion of its share buyback program, which had been authorized by the Companys Board of Directors on November 2, 2006. The Company has repurchased $50 million or approximately 10 million of its American Depositary Shares (ADSs) in the open market. The repurchased ADSs and their underling ordinary shares are to be cancelled, thereby reducing approximately 10 million shares or 5% of the Companys issued and outstanding shares.
About Wisepal Technologies,
Inc.
Wisepal Technologies, Inc.
is a fabless IC design company specializing in LCD Driver ICs for small-and
medium-sized panels. Founded on August 26, 2004, in Taiwans Chunan
Science Park, Wisepals aim is to become the "preferred ASIC Partner" of
leading TFT-LCD and 3C manufacturers. The companys veteran design team
leverages core competencies in low power IC design and critical mixed signal
design. Wisepal Technologies is an affiliate company of Compal Electronics
and TPO Displays Corp. of Taiwan. TPO is one of the worlds leading
small and medium panel suppliers.
About Himax Technologies,
Inc.
Himax Technologies, Inc.
designs, develops, and markets semiconductors that are critical components
of flat panel displays. The Companys principal products are display
drivers for large-sized TFT-LCD panels, which are used in desktop monitors,
notebook computers and televisions, and display drivers for small- and
medium-sized TFT-LCD panels, which are used in mobile handsets and consumer
electronics products such as digital cameras, mobile gaming devices and
car navigation displays. In addition, the Company is expanding its product
offering to include LCD TV chipset solutions and LCOS microdisplays. Based
in Tainan, Taiwan, the Company has regional offices in Hsinchu and Taipei,
Taiwan; Suzhou and Shenzhen, China; Yokohama, Japan and Anyangsi Kyungkido,
South Korea.
Contacts: | ||||
Max Chan | Jackson Ko | In the U.S. | ||
Chief Financial Officer | Investor Relations | David Pasquale | ||
Himax Technologies, Inc. | Himax Technologies, Inc. | The Ruth Group | ||
+886-2-3393-0877 Ext. 22300 | +886-2-3393-0877 Ext. 22240 | 646-536-7006 | ||
max_chan@himax.com.tw | jackson_ko@himax.com.tw | dpasquale@theruthgroup.com |
Forward-looking Statements:
Certain
statements in this press release, including statements regarding expected
future financial results and industry growth, are forward-looking statements
that involve a number of risks and uncertainties that could cause actual
events or results to differ materially from those described in this press
release. Factors that could cause actual results to differ include general
business and economic conditions and the state of the consumer electronics
and semiconductor industry; level of competition; demand for end-use applications
products; reliance on a small group of principal customers; continued success
in technological innovations; development of alternative flat panel display
technologies; ability to develop and protect our intellectual property; pricing
pressures including declines in average selling prices; changes in customer
order patterns; shortages in supply of key components; changes in environmental
laws and regulations; exchange rate fluctuations; regulatory approvals for
further investments in our subsidiaries; and other risks described from time
to time in the Companys
SEC filings, including its Form F-1 dated March 13, 2006, as amended. We
undertake no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events, or otherwise.