9 AI News Updates Investors Should Not Miss

7. Himax Technologies, Inc. (NASDAQ:HIMX)

Number of Hedge Fund Holders: 13

Himax Technologies, Inc. (NASDAQ:HIMX) is a semiconductor company that designs and manufactures display imaging processing technologies. It also provides products for consumer electronics, automotive, and industrial displays. On March 5, the leader in fabless display driver ICs confirmed signing a memorandum of understanding with Tata Electronics and Powerchip Semiconductor Manufacturing Corporation.

The companies are joining forces to support the development of India’s display and ultralow power AI sensing ecosystem. The consortium will concentrate on the development of ‘Made in India’ innovations while capitalizing on Himax Technologies, Inc.’s (NASDAQ:HIMX) proficiency in display semiconductor technology and WiseEye ultralow power artificial intelligence sensing. The companies aspire to provide all-encompassing display semiconductor solutions, covering chip design, manufacturing, and packaging, with the objective of serving both Indian and international markets.

Dr Randhir Thakur, CEO and MD of Tata Electronics, said, “. Together, we will drive innovation and develop next-generation technologies to meet the growing demands of display and ultralow power AI sensing technologies across key industries while contributing to a resilient semiconductor supply chain.”