the the Historically Eric. New holidays. the to you, due Lunar seasonally has slowest quarter been year the of first Year Thank
demand backdrop factories of through of restrictions, New their COVID cases China global Year. and the period their Covid-XX despite shutdown a government extended surge many sluggish On the lifting in Chinese Lunar
This added our orders, place causing clouding inventory managing further levels to stagnant an our new cautiously visibility. their uncertainty to hesitate business customers while business environment already and to
objective As so we and offload is doing short-term stock. uncertainty first foremost manage been in as excess our aggressive to sacrificing level, margin to gross strictly our persists, by inventory have
We while from excess starts also curtail to customers digesting purpose for inventory. continue specifically the our of to win striving projects our more wafer
continue we to third has our to of near it quarter peak later than inventory the average and historical improved year Our no decrease XXXX. its last will position the third anticipate much since during quarter
With that remains under QX pressure. said, margin our gross
capacity Eric foundry when levels. is backend our in tight As mentioned excess high sourced cost earlier, the were XXXX of at inventory and constraint during from prices being peak
unsold contraction necessitate market certain QX Another contributing inventories of write-downs. price from which factor will stems decline to margin
pressure throughout year process, However, business a as destocking to Notwithstanding has work the this continue we improving areas. as signs we from believe objective. diminish gradually our effect market margin shown the primary of many the across will recovery towards diligently the gross
WiseEye which the Despite most automotive remain gross backed outgrow compression, in visibility the set businesses. several expected margin particularly to confident and short-term smart higher notably product margin other our by image high businesses margin look we areas, prospects, sensing
ahead, Looking to industry trending a be semiconductor toward the appears post-pandemic era.
we is and channel supply reverts inventory healthier believe recovery a chain the decent stabilizes to levels, While gradually forthcoming.
expect of rebounding improve half in be front, trough sales the of quarter XXXX. revenue second year On we to the business with the first continuing and the quarter the momentum second to into the
With our that, I with update of IC will begin large panel driver an business.
XXXX quarter to high single sequentially. up revenue display first be Our digit driver IC large is projected
to We a have monitor to of reduced business replenish customers to channel IC chips inventory trajectory on multiple after destocking. recovery expect be started as quarters due
the demand, also strengthen factor. QX. our seasonal sales sequentially grow TV the in digit. single first are from by for bucking stabilization Monitor mainstream set IC of double increase to a anticipate QX, to will digit restocking panel sales TV prices quarter decent in likely and segment in particularly signs show models, for We
Conversely notebook continuous with publicized enterprise trend highly downward with the stringent further control in IT from measures. on budget declines on segment, tandem inventory cuts customers’ lingers
small to IC sized business. and Turning medium driver the display
traditional DDICs. mid-teens We IC expect revenue down reduce sales for by to are sequentially. be this inventory continue to digits QX customers anticipated to our segment for automotive as QX double decrease
grow our expanding by see design-in many we has our However, sales poised which single new rapidly strong by been pipeline TDDI quarters. for solid are automotive momentum for backed which to digit,
Both seasonality are decline IC and digits recovery customers’ equilibrium, leading to set quarter-over-quarter DDIC in Additionally, due and inventory sales a adjustment destocking second we strong in the will to to measures. quarter. continuous anticipate tablet double smartphone customers’ find
update the have be increasing previously size The diverse for interactive automotive with with on vehicles the automotive designs, Now the and trend automobile discussed. stylish favor interior for continues to as we more segment. quantity technologies in panels advanced inside of of possible equipped display and made
such in TCON, IC DDIC we leader the for provide dimming display one-stop-shop As ranging the in of comprehensive market, TDDI, new the product traditional automotive portfolio technologies most and industry, AMOLED. as offering local automotive to a LTDI from the display
better for electronic products. business remains for much visibility of automotive those than Our segment XXXX consumer
backed In sized, fast-growing our adoption prompt for business, automotive is and automotive addition, we TDDI vehicles. project-wins technology see required expansion generation future interactive, a new stylish, favorable large by of TDDI as TDDI in our trajectory essential of curved free-formed and our displays
the We which our long-term believe market automotive our anticipate already growth. automotive one be TDDI our surpass Moreover, sales reached that for of of share DDIC of XX% TDDI we primary driving the has globally. will forces will business
LTDI automotive the the vehicles. up display in Driver integration catering Furthermore solution Display industry sensitivity. the XKxXK, displays, support solution, LTDI the technologies and larger in typically ever generation, larger and to next launch usually display displays, of Touch than to to chips Himax the cascade is first higher need screens of high-precision the even solution for touch than requires touch and more where XX-inch for automotive levels (Large Integration) can also of ultrahigh-resolution XX inside
United platform generation technology touch pillar-to-pillar, LTDI showcased smart leading and XX-inch future that at CES edge a for digital advanced provides tactile one by cabins. with automotive of experience display customers XXXX seamless, panel provider, intuitive a cutting in-cell for our top-Tier was our
competition. scheduled this More start the production is underway. year, substantially mass vehicles in second are collaborations modish automotive to the design some of LTDI ahead Our quarter in of most
an on for AMOLED. Next updated
gear major Korean various continue driver Chinese for IC up with in applications. We makers jointly AMOLED and to panel development
adopt models and AMOLED has on Himax DDIC brands. certain tablet, production which and TCON displays, are seeing premium shipments the offers commenced of both For we rise advanced leading for that to
to win NEV and vendors. TCON continue driver both conventional awards and project flexible we with AMOLED makers display, automotive For our car AMOLED for
for and TV panel smartphone, AMOLED the good display of for we are drivers notebook making progress with development Finally, applications. houses leading
We driver the smartphone expect from to second XXXX. half commence production of AMOLED
next Our years. AMOLED slated and strong TCON, the business, is including for in driver display growth few
driver, already reminder, display has for AMOLED secured As we smartphone a meaningful capacity.
in progress position controller. not businesses for and also let TCON positive for Now technology, on timing sequentially, larger of display with have QX display local share product decreased consumption, our update sales some critical improves we only non-driver made by the ratio, but contrast tablet displays AMOLED to by automotive starting IC unchallenged reduces an is on shipment drastically anticipate a EV power of On me models. dimming which remains We displays. for note, which TCON mid-teens hampered the decrease
this of Hz technology, have developed years up With strenuous to can wide product comprehensive work on offerings that barrier a high entry XXX high resolutions of and of frame covering of rate dimming XK. we local design support super TCON range
for numerous panel XXX% number We sales. sales to TCON various and which have for premium X% car total recently. named already our won year-over-year over robust growth of Xs Tier mass represent a project dimming starting is Local automotive and more new of makers, increase set awards QX anticipate We models with TCON small from XXXX. makers car commenced production than
total which proprietary Switching power CMOS AI image sensor, processor, and ultralow gears incorporates AI to WiseEye s always-on Himax's the AI solution, CNN-based algorithm.
production shared parking, capsule and continue end-point door to medical applications, AI support meter the bike reading, We video conference and automatic as endoscope. Dell’s device, notebook mass other of such lock
strengthening sensor applications. than for more image power and and our WiseEye roadmap product processor retain our end-point leadership AI ever AI position to in are We ultralow committed
neomodern tinyML solutions founded former industry-leading Google CES, including several year’s ultralow tech TensorFlow with Useful in camera real surveillance leader with jointly a end-point introduce smart the power with Warden, system by home teamed At leader. various we a and start-up in this AI to and applications, Sensors, Pete partners our ecosystem surveillance SOC, Novatek, up customers
with power respective power a real forces AI office, solution in ultralow Seeed era. in Studio Wentai players Technology their adoption in just both end-point WiseEye are smart We ultralow and also the of of few examples areas. in These smart agriculture leading joined our emerging image
see diverse AI capability AIoT of of mega WiseEye image objects. applications, by driven We to the continue add trend deployment to in to our and solution demand growing everyday increasing
video power operation comprehensive what surveillance The is by Novatek highlight an using frame time” AI event showcased features solution, recording a enabling milliwatts pre-roll through rate, single surveillance leading digit To battery-operated a ultralow demonstration, camera processor, capability called camera at pre-roll only always-on recording. with our power powered Himax consumption. recording jointly function, and our “negative WEX slow
certain then classified AI place the is specific recording a pre-roll activates intelligently while WEX high-resolution processor thereto. powered of identified, processor WEX Meanwhile, the suspicious event core remains the video processor off. events, behavior the which event human the initiates clips are WEX processor Once or the All senses these as motion the activities. such vision a of processor stitching while taking core
what terms the substantial the also surveillance This pre-roll a possible thorough of existing preceded offer significantly solutions is what surveillance made video as stream motion users receive complete security for reduces a consumption, power in clips improvement to overall compared battery-powered video events. with It of system.
ultralow engagements features significant surveillance fields, projects Numerous CES. across in lock pre-roll is power, with door different these With various customers progress been surveillance after and doorbell, dashcam. WiseEye covering in in domains have and and gaining traction design
is we industry Also CES, peak among processor generation next target inference year’s markets. processor implying already compared similar speed, and power during AI AI per that processors efficiency saving generation the our XX% which first times XX-fold basis, leading on inference XX WEX over power for the this a aiming to offers WEX debuted
the enable facial exceptional fatigue detection, including regions, processor AI local expression cetera. inferencing capability, pose jaw performs and facial as nose, estimation, WEX precise recognition, gaze face advanced, detection eyes, identify landmark direction, accurate With mouth, to to head such the new et and
visually to These provide of awareness movements, user applications array intelligence provides based presence, facial to a levels Himax’s vital top of on ability success the on leading AI direction. with WEX new contextual detect and engagement processor broad the additional that features of
after our witnessing to have engineering many Several activities. in names laptop our at WEX leading demonstration CES, live shown interest follow-up leading strong processor
notebook working IoT the laptop aim to players, cases partner continue of the on generation new for of various smart we Additionally, leading with and and SOC expanding players use engagements leading notebook with applications. AI names with enrichment features global AP and next CPU IoT our and
broader from various we a improving Given Himax. a WiseEye consistent traction and structural for domains, will growth multiyear product emerge performance roadmap, as that product customer driver believe
for update few product Optical wide a Lines companies the realization of our WLO, LCoS is of in on of Sensing. XD array that an one technology related lines are including critical with optical Lastly, for Himax and Product the Related industry the metaverse.
technology by expertise and list device are ongoing AR/VR engineering leadership customers evidenced Our the manufacturing of growing projects. goggle and
on to technology continue optical development. while collaborating with remain suite, our that related of companies We some work its deeply strengthening the investing world’s in technology largest to committed
progress. look to review Now recent some quickly our of
First see to our CES processors of At on XD VR XD support a sensing interact a of AR people new enable sensing optical technologies sensing, adoption light. we introduced of and structured XD generation technologies applications. XXXX, increasing with next Flight vision in variety Time of components series and/or XD state-of-the-art ways we that and
point. technologies precision dizzy-free immersive positions side to additional and eye our Our industry’s the to XD exact the all visual a feeling effect eye dizziness. wearables and XD experience reality with angles demonstration hot enable featured with eye live our CES or at AI focus display and rate view holographic response functionality low-friction without needing structured advanced experienced a a becoming naked-eye nausea can from enjoy the XD processor highest spatial high tracking light We of tracking report provide of without Viewers to applications.
gesture XD control. on Moving on WLO to
in empower is gesture for devices. technology sensing VR precise perception to deployed controller-free WLO XD Our recognition
and is we year. smoothly expect volume with production of VR this starting player leading collaboration a going middle Our
On that transit and generating our ongoing it device surroundings to XD users object sensing seamlessly technology, leading physical XD being next connect customer’s XD the collaboration XD both digital which purpose hit environment worlds. scanning scanning market and XD and and reconstruction, is real help The for and our progress, digital XD deployed expect decoder, the for we projector incorporates of year. between promising by is time avatars twins, ultimately with a
opportunity before, potentially. overall early well key is development, attractive Himax the its with mature. to the I As years and portfolio, metaverse history but continues a as and remains research related and an developments positioned emerge capitalize in production industry us of product unique to lifecycle growth mentioned on partnerships for are
For expect non-driver first business, we IC mid-teens in sequentially to quarter. revenue the decrease
my for We for take questions. concludes Himax. ready this and are we your now in report quarter. call Thank your interest you appreciate joining That today's to