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Background, Principal Activities and Basis of Presentation
 12 Months Ended
Dec. 31, 2012
Organization, Consolidation and Presentation Of Financial Statements [Abstract]  
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]
Note 1. Background, Principal Activities and Basis of Presentation

 

Background

 

Himax Technologies, Inc. is a holding company located in the Cayman Islands. Following is general information about Himax Technologies, Inc.’s subsidiaries:

 

        Jurisdiction of  

Percentage of

Ownership

December 31,

  
Subsidiary   Main activities   Incorporation   2011     2012  
                     
Himax Technologies Limited   IC design and sales   ROC     100.00 %     100.00 %
Himax Technologies Korea Ltd.   Sales   South Korea     100.00 %     100.00 %
Himax Semiconductor, Inc.   IC design and sales   ROC     100.00 %     100.00 %
Himax Technologies (Samoa), Inc.   Investments   Samoa     100.00 %     100.00 %
Himax Technologies (Suzhou), Co., Ltd.   Sales   PRC     100.00 %     100.00 %
Himax Technologies (Shenzhen), Co., Ltd.   Sales   PRC     100.00 %     100.00 %
Himax Display, Inc.   LCOS and MEMS design, manufacturing and sales   ROC     88.02 %     81.53 %
Integrated Microdisplays Limited   LCOS sales   Hong Kong     88.02 %     81.53 %
Himax Display US Corp (1)   Investments   Delaware, USA     88.02 %     -  
Himax Display (USA) Inc. (2)   MEMS design   Delaware, USA     -       81.53 %
Himax Analogic, Inc.   IC design and sales   ROC     75.10 %     74.60 %
Himax Imaging, Inc.   Investments   Cayman Islands     100.00 %     100.00 %
Himax Imaging, Ltd.   IC design and sales   ROC     89.69 %     87.95 %
Himax Imaging Corp.   IC design   California, USA     100.00 %     100.00 %
Argo Limited   Investments   Cayman Islands     100.00 %     100.00 %
Tellus Limited   Investments   Cayman Islands     100.00 %     100.00 %

 

        Jurisdiction of  

Percentage of

Ownership
December 31,

  
Subsidiary   Main activities   Incorporation   2011     2012  
Himax Media Solutions, Inc.   TFT-LCD television, monitor chipset operations, ASIC service and IP licensing   ROC     78.25 %     78.28 %
Himax Media Solutions (Hong Kong) Limited   Investments   Hong Kong     78.25 %     78.28 %
Harvest Investment Limited   Investments   ROC     100.00 %     100.00 %
Iris Optronics Co., Ltd. (3)   E-paper manufacturing and sales   ROC     -       22.22 %

 

(1) Himax Display US Corp., a holding company was newly incorporated in May 12, 2011, which was wholly owned by Himax Display, Inc. and merged with Spatial Photonics, Inc. on July 3, 2012. (see Note 3, “Acquisition”, for additional information)

 

(2) Spatial Photonics, Inc. has renamed as Himax Display (USA) Inc. on July 3, 2012.

 

(3) Iris Optronics Co., Ltd. (“Iris”) was newly incorporated on May 18, 2012 and the paid-in capital was $153 thousand. The Company is initially able to exercise control over the daily operating and financial decisions of Iris. As a result, Iris is included in the consolidated financial statements since established date.

 

Since March 2006, Himax Technologies, Inc.’s ordinary shares have been quoted on the NASDAQ Global Market under the symbol “HIMX” in the form of ADSs and two ordinary shares represent one ADS effect from August 10, 2009. See Note16 (a) as further described.

 

Principal Activities

 

Himax Technologies, Inc. and subsidiaries (collectively, the Company) is a fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company is a worldwide market leader in display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and many other consumer electronics devices. Additionally, the Company designs and provides controllers for touch sensor displays, MEMS and LCOS microdisplays used in palm-size projectors and head-mounted displays, LED driver ICs, power management ICs, scaler products for monitors and projectors, tailor-made video processing IC solutions, IP licensing and ASIC services. The Company also offers digital camera solutions, including CMOS image sensors and wafer level optics, which are used in a wide variety of applications such as mobile phone, tablet, laptop, TV, PC camera, automobile, security and medical devices.

 

Basis of Presentation

 

The accompanying consolidated financial statements of the Company have been prepared in conformity with US generally accepted accounting principles (“US GAAP”).