Shares of Cirrus Logic, Inc. (NASDAQ:CRUS) ended Friday session in red amid volatile trading. The shares closed down -2.83 points or 5.12% at $52.39 with 2,270,149 shares getting traded. Post opening the session at $54.89, the shares hit an intraday low of $52.38 and an intraday high of $55.13 and the price vacillated in this range throughout the day. The company has a market cap of $3.11 billion and the numbers of outstanding shares have been calculated to be 62.48 million shares.
Cirrus Logic, Inc. (CRUS) develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets. It offers portable audio products, including analog and mixed-signal audio converters, and digital signal processing products for mobile applications; codecs-chips that integrate analog-to-digital converters and digital-to-analog converters into a single IC; smart codecs, a codec with digital signal processer; amplifiers; and micro-electromechanical systems microphones, as well as standalone digital signal processors.
Shares of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) ended Friday session at $10.73. Post opening the session at $10.75, the shares hit an intraday low of $10.58 and an intraday high of $10.95 and the price vacillated in this range throughout the day. The company has a market cap of $1.84 billion and the numbers of outstanding shares have been calculated to be 343.82 million shares.
On Sept. 08, 2016 Himax Technologies, Inc. (HIMX), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, co-announced a partnership with NUVIZ, Inc. to develop a head-up display (“HUD”) product. With headquarter in San Diego, USA and research team in Finland, NUVIZ is mostly well-known in the industry as a leading HUD provider for motorcycle helmets. Dedicating in the HUD sector for over 3 years, NUVIZ has developed groundbreaking wearable products utilized by the motorcycling business. Under the partnership, NUVIZ will incorporate Himax’s LCOS microdisplays into its flagship product, the first connected HUD for any motorcycle helmet. Himax’s LCOS manufacturing facility is currently shipping NUVIZ’s customized displays for assembly in preparation of the company’s pending product launch in the second half of 2016.
Himax’s LCOS microdisplay technology is the leading application for HUD and Augmented Reality (AR) devices. Its reflective LCOS display provides bright, high-definition imaging and low-power consumption for a variety of AR and HUD applications. Himax’s LCOS technology is also preferred for its durability and resistance to elements, particularly for exterior use such as NUVIZ’s model. NUVIZ is one of the 30-plus customer brand leaders with whom Himax is currently working and includes leading multinationals in a wide variety of industries such as software, gaming, search, mobile, social media, military, automotive, wearable, and toy.
“We are pleased to be part of another HUD product launch and believe NUVIZ has designed an excellent application warranting high adoption rates by their target customers,” began Jordan Wu, President and CEO of Himax Technologies. “Our LCOS team is currently working with dozens of companies and product designs set to launch in the coming months, and many more for the years ahead. After more than a decade of development of our LCOS display technologies, we believe it is the superior product for HUD applications for motorcyclists and automobiles and variety of other applications. Our LCOS solution has set the standard in the wearable marketplace which is leading us into an exciting new phase of our growth.”
“This partnership with Himax underscores NUVIZ’s commitment to creating a superior product for motorcyclists around the world,” said Jari Niemela, Chief Executive Officer of NUVIZ. “Himax’s LCOS microdisplays will play a key role in revolutionizing the riding experience as we deliver HUD technology and connected driving solutions to motorcycling.”