Sign in

    Donnie Teng

    Research Analyst at Nomura

    Donnie Teng is an Analyst specializing in Greater China Semiconductor & Technology at Nomura, where he covers major companies such as Super Micro Computer, Lenovo Group, Himax Technologies, Daqo New Energy, and Silicon Motion Technology. With a career spanning over eight years on both the buy-side and sell-side, Teng has built a strong performance record, holding a 73% success rate on his stock calls and ranking 682 among Wall Street analysts. He joined Nomura after developing expertise across global investment management firms, providing in-depth research and actionable insights for institutional clients. Teng holds professional securities licenses and plays a key role in Nomura's regional technology research team.

    Donnie Teng's questions to Himax Technologies (HIMX) leadership

    Donnie Teng's questions to Himax Technologies (HIMX) leadership • Q4 2024

    Question

    Donnie Teng inquired about the future revenue potential and mass production timeline for Himax's Co-Packaged Optics (CPO) technology, including its initial applications and competitive positioning. He also asked for clarification on the sequential decline in the Q1 automotive driver IC business and the reasons behind the stable gross margin forecast.

    Answer

    President and CEO Jordan Wu explained that while CPO mass production is expected in 2026, the annualized revenue potential in its early stages could reach hundreds of millions of dollars, initially targeting switches in cloud applications. Wu clarified that the Q1 sequential decline in automotive revenue is due to normal seasonality from the Lunar New Year, not competitive pressure, and that inventory levels are healthy. He added that the stable Q1 gross margin is supported by a favorable product mix, with strong DDIC sales offsetting a temporary dip in TDDI.

    Ask Fintool Equity Research AI

    Donnie Teng's questions to Himax Technologies (HIMX) leadership • Q4 2024

    Question

    Donnie Teng from Nomura inquired about the company's Co-Packaged Optics (CPO) business, asking about the adoption timeline, potential scale of mass production, and competitive landscape. He also questioned the reasons behind the sequential decline in the automotive driver IC business for Q1 and the stability of the gross margin despite this.

    Answer

    President and CEO Jordan Wu explained that CPO mass production is likely to commence in 2026, and even with conservative assumptions, it could represent an annualized revenue of hundreds of millions of dollars in its early stages. He clarified that the Q1 automotive revenue decline is a normal seasonal effect due to the Lunar New Year, not a change in competitive dynamics. Wu attributed the stable gross margin forecast to a favorable product mix, with strong DDIC sales offsetting a slight decline in TDDI for the quarter.

    Ask Fintool Equity Research AI

    Donnie Teng's questions to Himax Technologies (HIMX) leadership • Q4 2024

    Question

    Donnie Teng from Nomura inquired about the company's Co-Packaged Optics (CPO) business, asking about its initial server applications, the timeline for sizable mass production, potential revenue scale, and the competitive landscape. He also questioned the reasons for the sequential decline in the Q1 automotive driver IC forecast and the drivers behind the stable gross margin guidance.

    Answer

    President and CEO Jordan Wu explained that CPO mass production is likely to commence in 2026 and could represent an annualized revenue opportunity in the hundreds of millions of dollars in its early stages, primarily from cloud applications in switches. Wu clarified that the Q1 sequential decline in the automotive segment is due to normal seasonality around the Lunar New Year, not competitive pressure. He added that the stable gross margin guidance is a result of a favorable product mix, with strong DDIC sales offsetting a temporary dip in TDDI sales.

    Ask Fintool Equity Research AI

    Donnie Teng's questions to Himax Technologies (HIMX) leadership • Q3 2024

    Question

    Donnie Teng asked about Himax's optimistic Q4 automotive business guidance, which contrasts with peers, questioning the drivers of this outperformance and the reasons for market volatility. He also inquired about the progress of the CPO business, its potential revenue contribution in Q4, and the future timeline.

    Answer

    President and CEO Jordan Wu attributed the strong Q4 automotive outlook to widespread rush orders fueled by China's stimulus plans, which Himax is uniquely positioned to fulfill due to its market leadership. While confident for Q4, he expressed caution for Q1 2025. For the CPO business, Wu clarified it would not have a material revenue impact in Q4, as shipments are for early-stage customer verification. He elaborated that future development focuses on increasing optical fiber density and that timelines are being accelerated at customer request.

    Ask Fintool Equity Research AI