Why Himax Technologies Stock Tanked Nearly 20% This Week

·2 min read

Shares of semiconductor design outfit Himax Technologies (NASDAQ: HIMX) took a steep 19.6% hit last week. If you're keeping score, the S&P 500 was down 19.7%, the Nasdaq Composite was down 25.9%, and Himax stock was down 54.8% so far in 2022 through July 1. Semiconductor businesses in particular are under siege right now, especially those like Himax that provide circuitry for consumer electronics.

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